Jane Street Group LLC Buys 52,197 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Jane Street Group LLC lifted its holdings in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 122.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,991 shares of the company's stock after purchasing an additional 52,197 shares during the quarter. Jane Street Group LLC owned 0.21% of Plymouth Industrial REIT worth $2,147,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PLYM. Thrivent Financial for Lutherans boosted its stake in Plymouth Industrial REIT by 6.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 455,092 shares of the company's stock worth $10,285,000 after purchasing an additional 27,463 shares during the period. Foundry Partners LLC acquired a new position in shares of Plymouth Industrial REIT during the third quarter worth about $3,725,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Plymouth Industrial REIT by 137.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,201 shares of the company's stock worth $1,519,000 after buying an additional 38,850 shares during the period. Meros Investment Management LP grew its holdings in shares of Plymouth Industrial REIT by 38.2% during the second quarter. Meros Investment Management LP now owns 402,923 shares of the company's stock worth $8,614,000 after buying an additional 111,339 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Plymouth Industrial REIT by 24.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 910,751 shares of the company's stock valued at $20,583,000 after buying an additional 180,003 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Transactions at Plymouth Industrial REIT

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

Plymouth Industrial REIT Stock Performance

NYSE:PLYM remained flat at $17.95 during mid-day trading on Tuesday. 128,356 shares of the company traded hands, compared to its average volume of 266,797. Plymouth Industrial REIT, Inc. has a twelve month low of $17.22 and a twelve month high of $24.71. 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 has a market cap of $814.73 million, a PE ratio of 897.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34. The stock has a fifty day simple moving average of $19.57 and a 200 day simple moving average of $21.58.

Plymouth Industrial REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.24 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.35%. Plymouth Industrial REIT's payout ratio is 4,800.00%.

Analysts Set New Price Targets

PLYM has been the subject of a number of recent research reports. JMP Securities reaffirmed a "market outperform" rating and set a $27.00 price target on shares of Plymouth Industrial REIT in a research report on Wednesday, August 28th. 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 report on Monday, November 18th. Robert W. Baird lowered 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 note on Tuesday, November 12th. BNP Paribas downgraded shares of Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 price objective for the company. in a research note on Friday, November 8th. Finally, BMO Capital Markets lowered their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 28th. One equities research 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $24.33.

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.