Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 45,357 Plymouth Industrial REIT $PLYM

by · The Cerbat Gem

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Plymouth Industrial REIT (NYSE:PLYM – Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 45,357 shares of the company’s stock, valued at approximately $1,013,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Plymouth Industrial REIT as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Plymouth Industrial REIT during the 3rd quarter valued at approximately $2,626,000. State of Alaska Department of Revenue boosted its holdings in Plymouth Industrial REIT by 12.1% in the third quarter. State of Alaska Department of Revenue now owns 22,222 shares of the company’s stock worth $494,000 after purchasing an additional 2,405 shares during the period. SG Americas Securities LLC bought a new stake in Plymouth Industrial REIT during the third quarter valued at $194,000. CWA Asset Management Group LLC acquired a new stake in shares of Plymouth Industrial REIT during the third quarter worth $960,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Plymouth Industrial REIT by 5.0% during the third quarter. Asset Management One Co. Ltd. now owns 60,106 shares of the company’s stock worth $1,342,000 after purchasing an additional 2,863 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on PLYM shares. Barclays decreased their price target on shares of Plymouth Industrial REIT from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, October 27th. Colliers Securities cut shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a report on Monday, October 27th. BMO Capital Markets lowered their target price on Plymouth Industrial REIT from $24.00 to $22.00 and set a “market perform” rating for the company in a report on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Plymouth Industrial REIT in a research report on Thursday, January 22nd. Finally, Robert W. Baird downgraded Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $19.00 to $24.00 in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.00.

View Our Latest Stock Analysis on PLYM

Plymouth Industrial REIT Stock Performance

PLYM opened at $22.00 on Friday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 1.31. The business’s 50 day moving average is $21.94 and its 200-day moving average is $20.77. The stock has a market cap of $979.88 million, a PE ratio of 11.00 and a beta of 1.24. Plymouth Industrial REIT has a twelve month low of $12.70 and a twelve month high of $22.74.

Plymouth Industrial REIT (NYSE:PLYM – Get Free Report) last posted its earnings results on Monday, November 10th. The company reported ($1.23) EPS for the quarter, missing the consensus estimate of $0.47 by ($1.70). The business had revenue of $51.16 million during the quarter, compared to analyst estimates of $49.62 million. Plymouth Industrial REIT had a net margin of 47.78% and a return on equity of 16.76%. On average, analysts predict that Plymouth Industrial REIT will post 1.83 earnings per share for the current year.

Insider Activity

In other Plymouth Industrial REIT news, EVP James Connolly sold 59,376 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $21.86, for a total transaction of $1,297,959.36. Following the sale, the executive vice president directly owned 120,236 shares in the company, valued at approximately $2,628,358.96. The trade was a 33.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey E. Witherell sold 151,583 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $21.86, for a total transaction of $3,313,604.38. Following the completion of the sale, the chief executive officer directly owned 437,682 shares of the company’s stock, valued at approximately $9,567,728.52. This represents a 25.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.60% of the company’s stock.

Plymouth Industrial REIT Company Profile

(Free Report)

Plymouth Industrial REIT, Inc (NYSE: PLYM) is a real estate investment trust specializing in the acquisition, ownership and management of industrial properties across the United States. The company targets bulk distribution warehouses, last-mile fulfillment centers and light manufacturing facilities that serve leading logistics, e-commerce and manufacturing tenants. Plymouth Industrial REIT focuses on assets located in established industrial markets with strong demand drivers, including proximity to major transportation corridors, ports and population centers.

The firm’s portfolio strategy emphasizes geographic diversification and properties with high barriers to entry.

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