Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Bought by Jane Street Group LLC

Jane Street Group LLC lifted its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 122.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,991 shares of the company’s stock after buying an additional 52,197 shares during the quarter. Jane Street Group LLC owned approximately 0.21% of Plymouth Industrial REIT worth $2,147,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. F M Investments LLC acquired a new position in Plymouth Industrial REIT during the 2nd quarter worth approximately $6,088,000. Millennium Management LLC lifted its position in shares of Plymouth Industrial REIT by 115.6% during the 2nd quarter. Millennium Management LLC now owns 338,894 shares of the company’s stock worth $7,246,000 after purchasing an additional 181,725 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Plymouth Industrial REIT by 24.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 910,751 shares of the company’s stock worth $20,583,000 after purchasing an additional 180,003 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Plymouth Industrial REIT by 4.1% during the third quarter. Jennison Associates LLC now owns 4,401,384 shares of the company’s stock worth $99,471,000 after purchasing an additional 174,836 shares in the last quarter. Finally, Foundry Partners LLC purchased a new position in Plymouth Industrial REIT in the third quarter valued at $3,725,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Plymouth Industrial REIT

In related news, Director Pendleton P. Jr. White purchased 5,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of $18.39 per share, for a total transaction of $91,950.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $91,950. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey E. Witherell acquired 2,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $18.49 per share, for a total transaction of $36,980.00. Following the completion of the transaction, the chief executive officer now owns 252,248 shares in the company, valued at $4,664,065.52. The trade was a 0.80 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

Plymouth Industrial REIT Stock Performance

Shares of Plymouth Industrial REIT stock opened at $17.95 on Tuesday. The stock has a market capitalization of $814.73 million, a price-to-earnings ratio of 897.50, a PEG ratio of 1.47 and a beta of 1.34. The firm’s fifty day simple moving average is $19.64 and its 200-day simple moving average is $21.61. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12. Plymouth Industrial REIT, Inc. has a 12 month low of $17.22 and a 12 month high of $24.71.

Plymouth Industrial REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.35%. Plymouth Industrial REIT’s payout ratio is 4,800.00%.

Analysts Set New Price Targets

PLYM has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price target on Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. JMP Securities restated a “market outperform” rating and set a $27.00 target price on shares of Plymouth Industrial REIT in a research note on Wednesday, August 28th. Truist Financial dropped their price target on shares of Plymouth Industrial REIT from $27.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Barclays reduced their price objective on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, BNP Paribas downgraded shares of Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $24.33.

Plymouth Industrial REIT Company Profile

Plymouth Industrial REIT, Inc (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.