Perritt Capital Management Inc. lessened its stake in shares of Plymouth Industrial Reit Inc (NYSEAMERICAN:PLYM) by 31.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,500 shares of the company’s stock after selling 17,500 shares during the quarter. Perritt Capital Management Inc. owned about 0.45% of Plymouth Industrial Reit worth $710,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its stake in shares of Plymouth Industrial Reit by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 76,795 shares of the company’s stock worth $1,454,000 after buying an additional 1,238 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in Plymouth Industrial Reit by 12.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 23,141 shares of the company’s stock valued at $437,000 after acquiring an additional 2,484 shares during the period. Wells Fargo & Company MN lifted its holdings in Plymouth Industrial Reit by 507.2% in the second quarter. Wells Fargo & Company MN now owns 3,036 shares of the company’s stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Wedbush Securities Inc. boosted its position in shares of Plymouth Industrial Reit by 30.1% during the 2nd quarter. Wedbush Securities Inc. now owns 31,177 shares of the company’s stock worth $591,000 after purchasing an additional 7,204 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Plymouth Industrial Reit during the 1st quarter worth $168,000.
A number of equities analysts have recently issued reports on the stock. National Securities initiated coverage on shares of Plymouth Industrial Reit in a report on Wednesday, June 19th. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of Plymouth Industrial Reit from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. Finally, Wedbush set a $20.00 target price on shares of Plymouth Industrial Reit and gave the stock a “buy” rating in a research report on Monday, May 20th.
Plymouth Industrial Reit Company 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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