11,419 Shares in Plymouth Industrial REIT, Inc. (NYSE:PLYM) Acquired by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. acquired a new position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,419 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Jennison Associates LLC boosted its position in shares of Plymouth Industrial REIT by 4.1% during the 3rd quarter. Jennison Associates LLC now owns 4,401,384 shares of the company’s stock worth $99,471,000 after purchasing an additional 174,836 shares during the period. State Street Corp boosted its position in shares of Plymouth Industrial REIT by 1.4% during the 3rd quarter. State Street Corp now owns 1,223,747 shares of the company’s stock worth $27,949,000 after purchasing an additional 16,398 shares during the period. Geode Capital Management LLC boosted its position in shares of Plymouth Industrial REIT by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,047,832 shares of the company’s stock worth $23,685,000 after purchasing an additional 29,924 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Plymouth Industrial REIT by 24.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 910,751 shares of the company’s stock worth $20,583,000 after purchasing an additional 180,003 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Plymouth Industrial REIT by 8.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 890,653 shares of the company’s stock worth $20,129,000 after purchasing an additional 66,886 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price objective on shares of Plymouth Industrial REIT in a research report on Tuesday, January 14th. Robert W. Baird decreased their price target on shares of 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. JPMorgan Chase & Co. decreased their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Truist Financial cut shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, BNP Paribas cut shares of Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price target for the company. in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.89.

Plymouth Industrial REIT Stock Performance

Shares of PLYM stock opened at $17.18 on Wednesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. The firm has a fifty day moving average price of $18.13 and a 200 day moving average price of $21.04. The company has a market cap of $779.66 million, a P/E ratio of 858.85 and a beta of 1.34. Plymouth Industrial REIT, Inc. has a 12 month low of $16.37 and a 12 month high of $24.71.

Plymouth Industrial REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.59%. Plymouth Industrial REIT’s payout ratio is currently 4,800.00%.

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.