Loomis Sayles & Co. L P Grows Holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Loomis Sayles & Co. L P boosted its holdings in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 3,130.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,003 shares of the company’s stock after acquiring an additional 1,941 shares during the period. Loomis Sayles & Co. L P’s holdings in Plymouth Industrial REIT were worth $45,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Thrivent Financial for Lutherans lifted its holdings in shares of Plymouth Industrial REIT by 6.4% during the third quarter. Thrivent Financial for Lutherans now owns 455,092 shares of the company’s stock valued at $10,285,000 after purchasing an additional 27,463 shares during the last quarter. Foundry Partners LLC bought a new position in Plymouth Industrial REIT during the 3rd quarter valued at approximately $3,725,000. Meros Investment Management LP raised its stake in Plymouth Industrial REIT by 38.2% during the second quarter. Meros Investment Management LP now owns 402,923 shares of the company’s stock valued at $8,614,000 after buying an additional 111,339 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in Plymouth Industrial REIT by 1.0% in the second quarter. Westwood Holdings Group Inc. now owns 2,964,075 shares of the company’s stock worth $63,372,000 after acquiring an additional 28,272 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Plymouth Industrial REIT by 2.8% in the first quarter. Vanguard Group Inc. now owns 4,264,132 shares of the company’s stock worth $95,943,000 after acquiring an additional 115,318 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Plymouth Industrial REIT Price Performance

Shares of PLYM opened at $18.82 on Friday. The firm has a fifty day simple moving average of $20.86 and a two-hundred day simple moving average of $21.86. The firm has a market cap of $854.22 million, a PE ratio of 941.00, a P/E/G ratio of 1.47 and a beta of 1.37. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. Plymouth Industrial REIT, Inc. has a 1-year low of $18.08 and a 1-year high of $25.55.

Plymouth Industrial REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date was Monday, September 30th. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 4,800.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird lowered their price target on 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. BMO Capital Markets decreased their target price on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. B. Riley increased their price target on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 5th. JMP Securities restated a “market outperform” rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a report on Wednesday, August 28th. Finally, Barclays cut their target price on 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Plymouth Industrial REIT currently has a consensus rating of “Hold” and an average price target of $24.89.

Insider Buying and Selling at Plymouth Industrial REIT

In other Plymouth Industrial REIT news, Director Pendleton P. Jr. White acquired 5,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of $18.39 per share, with a total value of $91,950.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $91,950. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey E. Witherell bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was bought 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 in the company, valued at $4,664,065.52. This trade represents a 0.80 % increase in their position. The disclosure for this purchase can be found here. 1.40% of the stock is owned by corporate insiders.

About Plymouth Industrial REIT

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.