Plymouth Industrial Reit (PLYM) Rating Increased to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Plymouth Industrial Reit (NYSEAMERICAN:PLYM) from a strong sell rating to a hold rating in a research report released on Wednesday.
According to Zacks, “Plymouth Industrial REIT, Inc. is a full service, vertically integrated real estate investment company. It focused on the acquisition and management of single and multi-tenant distribution centers, warehouses and light industrial properties, primarily located in secondary and select primary markets. Plymouth Industrial REIT, Inc. is based in Boston, United States. “
Shares of Plymouth Industrial Reit (PLYM) opened at $16.81 on Wednesday. Plymouth Industrial Reit has a one year low of $16.35 and a one year high of $19.00. The firm has a market cap of $63.12 and a price-to-earnings ratio of 0.52.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were paid a $0.375 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.50 annualized dividend and a dividend yield of 8.92%. Plymouth Industrial Reit’s dividend payout ratio is 4.67%.
A hedge fund recently bought a new stake in Plymouth Industrial Reit stock. D.A. Davidson & CO. bought a new stake in Plymouth Industrial Reit Inc (NYSEAMERICAN:PLYM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,421 shares of the company’s stock, valued at approximately $120,000. D.A. Davidson & CO. owned 1.94% of Plymouth Industrial Reit as of its most recent SEC filing.
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About Plymouth Industrial Reit
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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