Public Employees Retirement System of Ohio Sells 13,524 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Public Employees Retirement System of Ohio trimmed its holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 6.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,587 shares of the company’s stock after selling 13,524 shares during the period. Public Employees Retirement System of Ohio owned about 0.45% of Plymouth Industrial REIT worth $4,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quarry LP raised its holdings in shares of Plymouth Industrial REIT by 88.4% in the 3rd quarter. Quarry LP now owns 1,833 shares of the company’s stock worth $41,000 after acquiring an additional 860 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Plymouth Industrial REIT during the 3rd quarter worth approximately $43,000. Loomis Sayles & Co. L P raised its stake in shares of Plymouth Industrial REIT by 3,130.6% in the third quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company’s stock worth $45,000 after purchasing an additional 1,941 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Plymouth Industrial REIT in the third quarter valued at approximately $46,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Plymouth Industrial REIT during the third quarter valued at approximately $123,000. 92.67% of the stock is owned by institutional investors.

Plymouth Industrial REIT Trading Up 1.2 %

Shares of PLYM stock opened at $18.93 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42. The firm has a market cap of $859.21 million, a P/E ratio of 946.50, a PEG ratio of 1.46 and a beta of 1.34. The company has a 50 day moving average of $19.95 and a 200-day moving average of $21.69. Plymouth Industrial REIT, Inc. has a 12-month low of $18.08 and a 12-month high of $25.55.

Plymouth Industrial REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Tuesday, December 31st. Plymouth Industrial REIT’s dividend payout ratio is currently 4,800.00%.

Insider Buying and Selling at Plymouth Industrial REIT

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Truist Financial lowered their price target on Plymouth Industrial REIT from $27.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Barclays dropped their price target on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a research report on Wednesday, August 28th. BMO Capital Markets dropped their target price on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Finally, BNP Paribas lowered Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 target price for the company. in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.33.

About Plymouth Industrial REIT

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.