Plymouth Industrial Reit Inc (PLYM) Shares Bought by Resource America Inc.
Resource America Inc. grew its position in shares of Plymouth Industrial Reit Inc (NYSEAMERICAN:PLYM) by 14.7% during the third quarter, HoldingsChannel.com reports. The fund owned 230,846 shares of the company’s stock after purchasing an additional 29,596 shares during the period. Plymouth Industrial Reit makes up about 2.3% of Resource America Inc.’s holdings, making the stock its 25th biggest holding. Resource America Inc.’s holdings in Plymouth Industrial Reit were worth $3,578,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Manning & Napier Group LLC boosted its position in shares of Plymouth Industrial Reit by 241.0% in the 3rd quarter. Manning & Napier Group LLC now owns 155,783 shares of the company’s stock worth $2,413,000 after purchasing an additional 110,097 shares in the last quarter. National Asset Management Inc. bought a new stake in shares of Plymouth Industrial Reit in the 3rd quarter worth approximately $1,489,000. RMR Advisors LLC bought a new stake in shares of Plymouth Industrial Reit in the 3rd quarter worth approximately $930,000. Consolidated Investment Group LLC bought a new stake in shares of Plymouth Industrial Reit in the 3rd quarter worth approximately $496,000. Finally, Eidelman Virant Capital bought a new stake in shares of Plymouth Industrial Reit in the 3rd quarter worth approximately $201,000.
Separately, Zacks Investment Research cut Plymouth Industrial Reit from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 14th.
Plymouth Industrial Reit (NYSEAMERICAN:PLYM) last released its quarterly earnings data on Tuesday, November 13th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($1.48). The company had revenue of $11.65 million during the quarter, compared to analyst estimates of $12.21 million.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, September 28th were given a $0.375 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.50 annualized dividend and a yield of 11.54%.
Plymouth Industrial Reit Profile
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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