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

Meixler Investment Management Ltd. increased its holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 129.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,813 shares of the company's stock after buying an additional 27,500 shares during the period. Plymouth Industrial REIT comprises approximately 0.6% of Meixler Investment Management Ltd.'s holdings, making the stock its 28th biggest position. Meixler Investment Management Ltd. owned 0.11% of Plymouth Industrial REIT worth $869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PLYM. Quarry LP boosted its stake in 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 purchasing an additional 860 shares during the period. Copeland Capital Management LLC acquired a new position in Plymouth Industrial REIT during the 3rd quarter valued at about $43,000. Loomis Sayles & Co. L P boosted its stake in 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 purchasing an additional 1,941 shares during the period. Point72 DIFC Ltd acquired a new position in Plymouth Industrial REIT during the 3rd quarter valued at about $46,000. Finally, Point72 Hong Kong Ltd acquired a new position in Plymouth Industrial REIT during the 3rd quarter valued at about $123,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Plymouth Industrial REIT Price Performance

Shares of NYSE PLYM traded up $0.07 during midday trading on Thursday, reaching $16.56. The company's stock had a trading volume of 247,131 shares, compared to its average volume of 303,789. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average price of $17.17 and a 200 day moving average price of $20.01. Plymouth Industrial REIT, Inc. has a one year low of $16.20 and a one year high of $24.71. The company has a market cap of $751.43 million, a price-to-earnings ratio of 827.75 and a beta of 1.33.

Plymouth Industrial REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.80%. Plymouth Industrial REIT's payout ratio is currently 4,800.00%.

Analysts Set New Price Targets

PLYM has been the subject of a number of analyst reports. BNP Paribas lowered shares of Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 target price for the company. in a research note on Friday, November 8th. Barclays reduced their target price on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, November 18th. Robert W. Baird dropped their price target 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. JMP Securities restated 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, JPMorgan Chase & Co. dropped their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average 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.