Plymouth Industrial Reit Inc’s (PLYM) Quiet Period To End on July 19th
Plymouth Industrial Reit’s (NASDAQ:PLYM) quiet period is set to end on Wednesday, July 19th. Plymouth Industrial Reit had issued 2,900,000 shares in its initial 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 the company’s quiet period, insiders and underwriters that worked on the IPO are restricted 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 report on Tuesday, June 20th. They issued a “buy” rating and a $21.00 price target on the stock.
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Shares of Plymouth Industrial Reit (NASDAQ PLYM) traded down 1.6709% during mid-day trading on Tuesday, reaching $17.0601. 14,530 shares of the company’s stock traded hands. The firm’s market cap is $5.65 million. Plymouth Industrial Reit has a 52 week low of $16.50 and a 52 week high of $955.94. The company’s 50 day moving average is $70.90 and its 200-day moving average is $64.31.
The business also recently announced a special dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 7th were paid a dividend of $0.065 per share. The ex-dividend date was Wednesday, July 5th.
A hedge fund recently bought a new stake in Plymouth Industrial Reit stock. BB&T Securities LLC acquired a new stake in Plymouth Industrial Reit Inc (NASDAQ:PLYM) during the second quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.
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.
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