Goldman Sachs Group Inc. bought a new position in shares of Plymouth Industrial REIT, Inc. (NYSEAMERICAN:PLYM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 14,500 shares of the company’s stock, valued at approximately $272,000. Goldman Sachs Group Inc. owned approximately 4.38% of Plymouth Industrial REIT at the end of the most recent reporting period.
Separately, BB&T Securities LLC bought a new position in Plymouth Industrial REIT during the 2nd quarter worth about $252,000.
Separately, Zacks Investment Research cut shares of Plymouth Industrial REIT from a “buy” rating to a “sell” rating in a report on Friday.
Shares of Plymouth Industrial REIT, Inc. (PLYM) opened at $18.40 on Friday. Plymouth Industrial REIT, Inc. has a 1-year low of $16.50 and a 1-year high of $19.00.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Saturday, September 30th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.15%. The ex-dividend date of this dividend was Thursday, September 28th. Plymouth Industrial REIT’s dividend payout ratio is currently -61.22%.
Plymouth Industrial REIT Profile
Plymouth Industrial REIT, Inc, formerly Plymouth Opportunity REIT, Inc, is a self-administered and self-managed real estate investment trust. The Company primarily focused on single-tenant industrial properties and multi-tenant industrial properties. The Company also focused on the acquisition, ownership and management of single-and multi-tenant class B industrial properties, including distribution centers, warehouses and light industrial properties, primarily located in secondary and select primary markets across the Eastern half of the United States and Texas.
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