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 IPO 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 prevented from issuing any research reports for the company because of SEC regulations. Following the expiration 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 research report on Tuesday, June 20th. They set a “buy” rating and a $21.00 price objective for the company.
Shares of Plymouth Industrial Reit (NASDAQ PLYM) opened at 18.20 on Wednesday. Plymouth Industrial Reit has a 12 month low of $17.56 and a 12 month high of $19.00. The stock’s market cap is $6.02 million. The firm has a 50-day moving average price of $18.17 and a 200-day moving average price of $18.17.
The company also recently declared a special dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 7th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, July 5th.
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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