Knights of Columbus Asset Advisors LLC Has $4.63 Million Position in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Knights of Columbus Asset Advisors LLC increased its stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 94.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,243 shares of the company’s stock after purchasing an additional 93,434 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.42% of Plymouth Industrial REIT worth $4,627,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Plymouth Industrial REIT by 21.3% during the first quarter. Bank of New York Mellon Corp now owns 180,696 shares of the company’s stock worth $4,896,000 after acquiring an additional 31,778 shares during the last quarter. HighTower Advisors LLC bought a new stake in Plymouth Industrial REIT during the 1st quarter worth about $389,000. Bank of Montreal Can acquired a new position in Plymouth Industrial REIT during the 1st quarter valued at about $1,359,000. MetLife Investment Management LLC lifted its position in Plymouth Industrial REIT by 59.9% during the 1st quarter. MetLife Investment Management LLC now owns 17,329 shares of the company’s stock valued at $470,000 after purchasing an additional 6,490 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Plymouth Industrial REIT by 4.0% in the 1st quarter. Rhumbline Advisers now owns 45,818 shares of the company’s stock valued at $1,242,000 after purchasing an additional 1,743 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Plymouth Industrial REIT Stock Up 1.3 %

Shares of NYSE:PLYM opened at $20.33 on Friday. The company has a 50 day moving average price of $21.67 and a two-hundred day moving average price of $21.97. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market capitalization of $922.58 million, a PE ratio of 107.00, a PEG ratio of 1.50 and a beta of 1.36. Plymouth Industrial REIT, Inc. has a 52 week low of $19.21 and a 52 week high of $25.55.

Plymouth Industrial REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a $0.24 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.72%. This is a boost from Plymouth Industrial REIT’s previous quarterly dividend of $0.23. Plymouth Industrial REIT’s dividend payout ratio is currently 505.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PLYM shares. Barclays began coverage on shares of Plymouth Industrial REIT in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $22.00 price target for the company. Truist Financial cut their price target on Plymouth Industrial REIT from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Finally, JMP Securities raised Plymouth Industrial REIT from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.00.

Insider Buying and Selling

In other Plymouth Industrial REIT news, Director Pendleton P. White bought 4,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $21.58 per share, with a total value of $86,320.00. Following the completion of the purchase, the director now owns 4,000 shares in the company, valued at $86,320. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

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.