Consolidated Investment Group LLC Acquires New Holdings in Plymouth Industrial Reit Inc (PLYM)

Consolidated Investment Group LLC acquired a new position in shares of Plymouth Industrial Reit Inc (NYSEAMERICAN:PLYM) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 32,000 shares of the company’s stock, valued at approximately $496,000.

Several other large investors have also recently made changes to their positions in PLYM. Wedbush Securities Inc. acquired a new position in Plymouth Industrial Reit during the second quarter worth $191,000. Mesirow Financial Investment Management Inc. increased its position in Plymouth Industrial Reit by 26.7% during the third quarter. Mesirow Financial Investment Management Inc. now owns 20,321 shares of the company’s stock worth $315,000 after buying an additional 4,288 shares during the last quarter. Finally, Manning & Napier Group LLC increased its position in Plymouth Industrial Reit by 241.0% during the third quarter. Manning & Napier Group LLC now owns 155,783 shares of the company’s stock worth $2,413,000 after buying an additional 110,097 shares during the last quarter.

Plymouth Industrial Reit stock traded up $0.15 during mid-day trading on Wednesday, hitting $14.89. 100 shares of the company’s stock were exchanged, compared to its average volume of 17,740. Plymouth Industrial Reit Inc has a 1-year low of $13.87 and a 1-year high of $18.98.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 10.07%. The ex-dividend date of this dividend is Thursday, September 27th.

Separately, 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 on the stock in a research report on Saturday, August 11th.

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.

See Also: Initial Public Offering (IPO)

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

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