Plymouth Industrial Reit’s (NASDAQ:PLYM) quiet period will end on Wednesday, July 19th. Plymouth Industrial Reit had issued 2,900,000 shares in its public offering on June 9th. The total size of the offering was $55,100,000 based on an initial share price of $19.00. During Plymouth Industrial Reit’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Separately, DA Davidson initiated coverage on Plymouth Industrial Reit in a report on Tuesday, June 20th. They set a “buy” rating and a $21.00 price objective on the stock.
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Plymouth Industrial Reit (NASDAQ:PLYM) traded down 0.23% during midday trading on Friday, reaching $17.50. The company’s stock had a trading volume of 10,118 shares. Plymouth Industrial Reit has a 52 week low of $16.50 and a 52 week high of $19.00. The firm has a 50 day moving average price of $70.94 and a 200-day moving average price of $68.10. The firm’s market cap is $5.79 million.
The business also recently declared a special dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 7th were paid a $0.065 dividend. The ex-dividend date was Wednesday, July 5th.
An institutional investor recently bought a new position in Plymouth Industrial Reit stock. BB&T Securities LLC acquired a new position in shares of Plymouth Industrial Reit Inc (NASDAQ:PLYM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,450 shares of the company’s stock, valued at approximately $252,000. BB&T Securities LLC owned 4.06% of Plymouth Industrial Reit as of its most recent SEC filing.
Plymouth Industrial Reit Company 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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