Swiss National Bank Sells 1,200 Shares of Plymouth Industrial REIT $PLYM

Swiss National Bank lessened its holdings in Plymouth Industrial REIT (NYSE:PLYM) by 1.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,200 shares of the company’s stock after selling 1,200 shares during the period. Swiss National Bank owned about 0.17% of Plymouth Industrial REIT worth $1,291,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PLYM. GAMMA Investing LLC lifted its stake in shares of Plymouth Industrial REIT by 6,862.5% in the 1st quarter. GAMMA Investing LLC now owns 3,342 shares of the company’s stock worth $54,000 after purchasing an additional 3,294 shares during the period. Quarry LP lifted its stake in shares of Plymouth Industrial REIT by 74.1% in the 4th quarter. Quarry LP now owns 3,191 shares of the company’s stock worth $57,000 after purchasing an additional 1,358 shares during the period. Copeland Capital Management LLC lifted its stake in shares of Plymouth Industrial REIT by 79.9% in the 1st quarter. Copeland Capital Management LLC now owns 3,509 shares of the company’s stock worth $57,000 after purchasing an additional 1,558 shares during the period. New York State Teachers Retirement System purchased a new stake in Plymouth Industrial REIT in the 1st quarter worth approximately $60,000. Finally, PNC Financial Services Group Inc. increased its holdings in Plymouth Industrial REIT by 43.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,575 shares of the company’s stock worth $75,000 after acquiring an additional 1,375 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Plymouth Industrial REIT Trading Down 0.0%

Shares of PLYM opened at $21.1060 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.13 and a quick ratio of 0.13. Plymouth Industrial REIT has a 1 year low of $12.70 and a 1 year high of $24.70. The company has a 50 day simple moving average of $16.13 and a two-hundred day simple moving average of $16.03. The firm has a market cap of $940.36 million, a P/E ratio of 7.33 and a beta of 1.11.

Plymouth Industrial REIT (NYSE:PLYM) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Plymouth Industrial REIT had a net margin of 67.77% and a return on equity of 24.24%. The business had revenue of $47.20 million during the quarter, compared to analyst estimates of $46.20 million. On average, equities analysts expect that Plymouth Industrial REIT will post 1.83 earnings per share for the current fiscal year.

Plymouth Industrial REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, June 30th. Plymouth Industrial REIT’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PLYM. BMO Capital Markets increased their target price on shares of Plymouth Industrial REIT from $17.00 to $24.00 and gave the stock a “market perform” rating in a report on Thursday, August 21st. Wedbush raised shares of Plymouth Industrial REIT to a “hold” rating in a report on Wednesday, July 2nd. JMP Securities reissued a “market perform” rating on shares of Plymouth Industrial REIT in a report on Wednesday, August 20th. Truist Financial increased their target price on shares of Plymouth Industrial REIT from $18.00 to $21.00 and gave the stock a “hold” rating in a report on Wednesday, August 20th. Finally, Wall Street Zen raised shares of Plymouth Industrial REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.67.

Plymouth Industrial REIT 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.