Versor Investments LP Buys New Shares in Plymouth Industrial REIT $PLYM

Versor Investments LP purchased a new position in Plymouth Industrial REIT (NYSE:PLYM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,200 shares of the company’s stock, valued at approximately $164,000.

Several other large investors have also modified their holdings of the stock. Meixler Investment Management Ltd. increased its position in Plymouth Industrial REIT by 2.4% during the 2nd quarter. Meixler Investment Management Ltd. now owns 62,901 shares of the company’s stock worth $1,010,000 after purchasing an additional 1,481 shares in the last quarter. Strs Ohio raised its stake in Plymouth Industrial REIT by 5.0% during the second quarter. Strs Ohio now owns 428,404 shares of the company’s stock valued at $6,880,000 after buying an additional 20,300 shares in the last quarter. Jennison Associates LLC lifted its stake in Plymouth Industrial REIT by 3.0% during the second quarter. Jennison Associates LLC now owns 3,645,335 shares of the company’s stock worth $58,544,000 after purchasing an additional 104,526 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Plymouth Industrial REIT by 10.6% in the 2nd quarter. Peregrine Capital Management LLC now owns 352,648 shares of the company’s stock valued at $5,664,000 after buying an additional 33,668 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Plymouth Industrial REIT by 103.8% in the second quarter. Envestnet Asset Management Inc. now owns 45,387 shares of the company’s stock valued at $729,000 after acquiring an additional 23,113 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Plymouth Industrial REIT Trading Up 0.8%

Plymouth Industrial REIT stock opened at $22.26 on Friday. Plymouth Industrial REIT has a one year low of $12.70 and a one year high of $22.65. The company’s fifty day moving average price is $21.97 and its two-hundred day moving average price is $18.23. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market capitalization of $991.46 million, a price-to-earnings ratio of 7.73 and a beta of 1.18.

Plymouth Industrial REIT (NYSE:PLYM) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. Plymouth Industrial REIT had a return on equity of 24.24% and a net margin of 67.77%.The company had revenue of $47.20 million during the quarter, compared to the consensus estimate of $46.20 million. On average, analysts forecast that Plymouth Industrial REIT will post 1.83 earnings per share for the current fiscal year.

Plymouth Industrial REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, September 30th. Plymouth Industrial REIT’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analysts Forecast Growth

PLYM has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price objective on Plymouth Industrial REIT from $24.00 to $22.00 and set a “market perform” rating for the company in a report on Monday, October 27th. Industrial Alliance Securities set a $22.00 price target on Plymouth Industrial REIT in a report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Plymouth Industrial REIT in a research note on Wednesday, October 8th. JMP Securities reaffirmed a “market perform” rating on shares of Plymouth Industrial REIT in a research note on Wednesday, August 20th. Finally, Baird R W downgraded shares of Plymouth Industrial REIT from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Plymouth Industrial REIT presently has a consensus rating of “Hold” and an average target price of $21.40.

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.