Geode Capital Management LLC purchased a new position in Plymouth Industrial Reit Inc (NYSEAMERICAN:PLYM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,287 shares of the company’s stock, valued at approximately $255,000.

Other hedge funds also recently added to or reduced their stakes in the company. Wedbush Securities Inc. bought a new position in Plymouth Industrial Reit in the fourth quarter worth about $242,000. D.A. Davidson & CO. raised its stake in Plymouth Industrial Reit by 52.1% in the fourth quarter. D.A. Davidson & CO. now owns 79,737 shares of the company’s stock worth $1,005,000 after buying an additional 27,304 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Plymouth Industrial Reit by 82.0% during the third quarter. Vanguard Group Inc now owns 28,768 shares of the company’s stock valued at $446,000 after purchasing an additional 12,962 shares in the last quarter. National Asset Management Inc. increased its stake in shares of Plymouth Industrial Reit by 19.6% during the fourth quarter. National Asset Management Inc. now owns 114,852 shares of the company’s stock valued at $1,449,000 after purchasing an additional 18,843 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Plymouth Industrial Reit by 82.0% during the third quarter. Vanguard Group Inc. now owns 28,768 shares of the company’s stock valued at $446,000 after purchasing an additional 12,962 shares in the last quarter.

PLYM has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Plymouth Industrial Reit from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research note on Friday, March 15th. Sandler O’Neill initiated coverage on shares of Plymouth Industrial Reit in a research note on Tuesday, January 29th. They set a “hold” rating and a $17.00 target price for the company.

Shares of NYSEAMERICAN PLYM opened at $19.24 on Thursday. Plymouth Industrial Reit Inc has a fifty-two week low of $10.95 and a fifty-two week high of $19.50.

Plymouth Industrial Reit (NYSEAMERICAN:PLYM) last announced its earnings results on Thursday, May 9th. The company reported ($1.37) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($1.96). The business had revenue of $16.66 million for the quarter, compared to analyst estimates of $16.66 million.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date was Thursday, March 28th.

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About Plymouth Industrial Reit

Plymouth Industrial REIT, Inc is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.

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Institutional Ownership by Quarter for Plymouth Industrial Reit (NYSEAMERICAN:PLYM)

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