ClearAlpha Technologies LP Invests $284,000 in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

ClearAlpha Technologies LP purchased a new stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,585 shares of the company’s stock, valued at approximately $284,000.

A number of other large investors also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its position in Plymouth Industrial REIT by 6.4% during the third quarter. Thrivent Financial for Lutherans now owns 455,092 shares of the company’s stock worth $10,285,000 after acquiring an additional 27,463 shares during the period. Foundry Partners LLC acquired a new position in shares of Plymouth Industrial REIT during the 3rd quarter worth about $3,725,000. Meros Investment Management LP lifted its stake in Plymouth Industrial REIT by 38.2% in the 2nd 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 in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Plymouth Industrial REIT by 1.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,964,075 shares of the company’s stock worth $63,372,000 after buying an additional 28,272 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Plymouth Industrial REIT by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 4,264,132 shares of the company’s stock worth $95,943,000 after buying an additional 115,318 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling at Plymouth Industrial REIT

In other Plymouth Industrial REIT news, CEO Jeffrey E. Witherell bought 2,000 shares of Plymouth Industrial REIT stock in a transaction on Friday, November 15th. The shares were bought at an average price of $18.49 per share, for a total transaction of $36,980.00. Following the completion of the transaction, the chief executive officer now directly owns 252,248 shares of the company’s stock, valued at $4,664,065.52. This trade represents a 0.80 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Pendleton P. Jr. White purchased 5,000 shares of the stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $18.39 per share, with a total value of $91,950.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $91,950. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JMP Securities reissued a “market outperform” rating and set a $27.00 target price on shares of Plymouth Industrial REIT in a report on Wednesday, August 28th. Wedbush increased their price objective on Plymouth Industrial REIT from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. 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. BMO Capital Markets dropped 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. Finally, Barclays decreased their price target on shares of 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.33.

Plymouth Industrial REIT Stock Up 0.4 %

NYSE PLYM opened at $18.82 on Tuesday. The business’s fifty day simple moving average is $20.69 and its 200-day simple moving average is $21.84. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42. The firm has a market cap of $854.24 million, a PE ratio of 941.00, a P/E/G ratio of 1.46 and a beta of 1.34. Plymouth Industrial REIT, Inc. has a 52 week low of $18.08 and a 52 week high of $25.55.

Plymouth Industrial REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid 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%.

Plymouth Industrial REIT 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.