Nomura Asset Management Co. Ltd. Purchases 900 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Nomura Asset Management Co. Ltd. raised its position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,100 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Plymouth Industrial REIT were worth $1,064,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quarry LP lifted its stake 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 valued at $41,000 after purchasing an additional 860 shares during the period. Copeland Capital Management LLC acquired a new position in Plymouth Industrial REIT in the third quarter valued at approximately $43,000. Loomis Sayles & Co. L P boosted its holdings in shares of 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 worth $45,000 after buying an additional 1,941 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Plymouth Industrial REIT during the 3rd quarter worth approximately $46,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Plymouth Industrial REIT in the 3rd quarter valued at $123,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on PLYM shares. Barclays cut their target price on shares of 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 downgraded 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. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price target on shares of Plymouth Industrial REIT in a research note on Wednesday, August 28th. Robert W. Baird reduced their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Finally, BMO Capital Markets lowered their target price 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.33.

Insiders Place Their Bets

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

Plymouth Industrial REIT Stock Up 1.2 %

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

Plymouth Industrial REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.07%. The ex-dividend date is Tuesday, December 31st. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 4,800.00%.

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.