Meixler Investment Management Ltd. Has $869,000 Stock Holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Meixler Investment Management Ltd. grew its position in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 129.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,813 shares of the company’s stock after buying an additional 27,500 shares during the period. Plymouth Industrial REIT makes up 0.6% of Meixler Investment Management Ltd.’s portfolio, making the stock its 28th largest position. Meixler Investment Management Ltd. owned approximately 0.11% of Plymouth Industrial REIT worth $869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP grew its holdings in shares of Plymouth Industrial REIT by 88.4% in 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 during the period. Copeland Capital Management LLC bought a new stake in Plymouth Industrial REIT in the 3rd quarter valued at $43,000. Loomis Sayles & Co. L P lifted its position in Plymouth Industrial REIT by 3,130.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company’s stock valued at $45,000 after acquiring an additional 1,941 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Plymouth Industrial REIT in the 3rd quarter valued at $46,000. Finally, Point72 Hong Kong Ltd bought a new stake in Plymouth Industrial REIT in the 3rd quarter valued at $123,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Plymouth Industrial REIT Stock Up 0.6 %

Shares of PLYM stock opened at $16.66 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. The firm’s 50-day moving average is $17.35 and its 200-day moving average is $20.19. The stock has a market cap of $755.97 million, a price-to-earnings ratio of 832.75 and a beta of 1.33. Plymouth Industrial REIT, Inc. has a 52-week low of $16.20 and a 52-week high of $24.71.

Plymouth Industrial REIT Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial cut shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Robert W. Baird cut their price objective on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Barclays cut their price objective on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. JMP Securities reissued a “market outperform” rating and set a $27.00 price target on shares of Plymouth Industrial REIT in a research report on Tuesday, January 14th. Finally, BNP Paribas cut shares of Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.