Meixler Investment Management Ltd. Grows Position in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Meixler Investment Management Ltd. grew its stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 129.0% during the 4th quarter, HoldingsChannel reports. The firm owned 48,813 shares of the company’s stock after buying an additional 27,500 shares during the quarter. Plymouth Industrial REIT accounts for about 0.6% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its 28th biggest holding. Meixler Investment Management Ltd.’s holdings in Plymouth Industrial REIT were worth $869,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Quarry LP lifted its position in shares of Plymouth Industrial REIT by 88.4% during the 3rd 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 shares of Plymouth Industrial REIT during the 3rd quarter valued at approximately $43,000. Loomis Sayles & Co. L P lifted its position 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 valued at $45,000 after buying an additional 1,941 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Plymouth Industrial REIT during the 3rd quarter valued at approximately $46,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Plymouth Industrial REIT during the 3rd quarter valued at approximately $123,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Plymouth Industrial REIT Stock Up 0.6 %

Shares of PLYM opened at $16.66 on Friday. Plymouth Industrial REIT, Inc. has a 52-week low of $16.20 and a 52-week high of $24.71. The company has a market capitalization of $755.97 million, a PE ratio of 832.75 and a beta of 1.33. The stock has a fifty day simple moving average of $17.35 and a two-hundred day simple moving average of $20.19. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date was Tuesday, December 31st. Plymouth Industrial REIT’s payout ratio is 4,800.00%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird decreased their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. JMP Securities restated a “market outperform” rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. BNP Paribas lowered Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a report on Friday, November 8th. Finally, Barclays decreased their price objective on Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $23.89.

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.