Hohimer Wealth Management LLC Acquires Shares of 13,943 Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Hohimer Wealth Management LLC purchased a new position in Plymouth Industrial REIT, Inc. (NYSE:PLYM) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 13,943 shares of the company’s stock, valued at approximately $314,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Plymouth Industrial REIT by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 4,148,814 shares of the company’s stock worth $99,862,000 after acquiring an additional 83,192 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in Plymouth Industrial REIT by 94.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 192,243 shares of the company’s stock worth $4,627,000 after buying an additional 93,434 shares during the last quarter. Jennison Associates LLC boosted its stake in Plymouth Industrial REIT by 5.9% during the first quarter. Jennison Associates LLC now owns 4,183,540 shares of the company’s stock worth $94,130,000 after buying an additional 234,536 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Plymouth Industrial REIT by 19.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 562,177 shares of the company’s stock worth $13,532,000 after buying an additional 90,645 shares during the last quarter. Finally, Strs Ohio boosted its stake in Plymouth Industrial REIT by 60.1% during the fourth quarter. Strs Ohio now owns 127,004 shares of the company’s stock worth $3,056,000 after buying an additional 47,700 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Plymouth Industrial REIT Trading Up 2.2 %

NYSE:PLYM traded up $0.52 on Tuesday, reaching $23.71. The company’s stock had a trading volume of 386,393 shares, compared to its average volume of 225,556. Plymouth Industrial REIT, Inc. has a 12-month low of $19.21 and a 12-month high of $25.55. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.46. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 55.21, a price-to-earnings-growth ratio of 1.72 and a beta of 1.36. The stock has a 50 day moving average price of $21.12 and a 200 day moving average price of $21.67.

Plymouth Industrial REIT (NYSE:PLYM) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.33). The firm had revenue of $50.23 million during the quarter, compared to analysts’ expectations of $50.73 million. Plymouth Industrial REIT had a net margin of 11.42% and a return on equity of 4.74%. During the same quarter in the prior year, the firm posted $0.45 EPS. On average, equities analysts anticipate that Plymouth Industrial REIT, Inc. will post 1.88 EPS for the current fiscal year.

Plymouth Industrial REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.96 annualized dividend and a dividend yield of 4.05%. Plymouth Industrial REIT’s dividend payout ratio is presently 223.26%.

Analyst Ratings Changes

PLYM has been the topic of a number of recent research reports. Wedbush raised Plymouth Industrial REIT to a “hold” rating in a research note on Friday. Barclays initiated coverage on Plymouth Industrial REIT in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $22.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their target price on Plymouth Industrial REIT from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.60.

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.