Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,352 shares of the company’s stock after buying an additional 2,110 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Plymouth Industrial REIT were worth $731,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PLYM. Quarry LP grew its stake in shares of Plymouth Industrial REIT by 88.4% in the third quarter. Quarry LP now owns 1,833 shares of the company’s stock valued at $41,000 after buying an additional 860 shares in the last quarter. Copeland Capital Management LLC purchased a new position in Plymouth Industrial REIT during the 3rd quarter valued at about $43,000. Loomis Sayles & Co. L P grew its position in Plymouth Industrial REIT by 3,130.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company’s stock valued at $45,000 after acquiring an additional 1,941 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Plymouth Industrial REIT in the 3rd quarter valued at about $46,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Plymouth Industrial REIT during the third quarter worth about $123,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Plymouth Industrial REIT Price Performance

PLYM stock opened at $18.94 on Friday. The business has a 50 day moving average price of $19.95 and a 200 day moving average price of $21.68. 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 stock has a market cap of $859.67 million, a price-to-earnings ratio of 947.00, a PEG ratio of 1.46 and a beta of 1.34. Plymouth Industrial REIT, Inc. has a fifty-two week low of $18.08 and a fifty-two week high of $25.55.

Insider Transactions at Plymouth Industrial REIT

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Truist Financial dropped their price objective on shares of Plymouth Industrial REIT from $27.00 to $22.00 and set a “buy” rating for the company in a report on Friday, November 29th. Barclays reduced their price objective on Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. BNP Paribas cut Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 target price for the company. in a research note on Friday, November 8th. BMO Capital Markets reduced their price target on 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, Robert W. Baird lowered their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.33.

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.