Knights of Columbus Asset Advisors LLC Sells 18,422 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Knights of Columbus Asset Advisors LLC lowered its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 19.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,184 shares of the company’s stock after selling 18,422 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.17% of Plymouth Industrial REIT worth $1,338,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PLYM. Quarry LP lifted its position in Plymouth Industrial REIT by 88.4% during the 3rd quarter. Quarry LP now owns 1,833 shares of the company’s stock valued at $41,000 after purchasing an additional 860 shares during the period. Loomis Sayles & Co. L P lifted its position in Plymouth Industrial REIT by 3,130.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company’s stock valued at $45,000 after purchasing an additional 1,941 shares during the period. Point72 DIFC Ltd acquired a new position in Plymouth Industrial REIT during the 3rd quarter valued at about $46,000. Point72 Hong Kong Ltd acquired a new position in Plymouth Industrial REIT during the 3rd quarter valued at about $123,000. Finally, Intech Investment Management LLC acquired a new position in Plymouth Industrial REIT during the 3rd quarter valued at about $205,000. Institutional investors own 92.67% of the company’s stock.

Plymouth Industrial REIT Price Performance

NYSE PLYM opened at $17.05 on Friday. The business has a 50 day simple moving average of $16.84 and a 200 day simple moving average of $19.00. Plymouth Industrial REIT, Inc. has a 52-week low of $16.06 and a 52-week high of $24.71. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $776.42 million, a price-to-earnings ratio of 852.25 and a beta of 1.45.

Plymouth Industrial REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a yield of 5.63%. Plymouth Industrial REIT’s payout ratio is 31.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PLYM shares. Truist Financial downgraded shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Wedbush set a $17.00 target price on shares of Plymouth Industrial REIT in a research report on Friday, February 28th. Robert W. Baird cut their price target on shares of Plymouth Industrial REIT from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.44.

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.