D.A. Davidson & CO. acquired a new stake in shares of Plymouth Industrial Reit Inc (NASDAQ:PLYM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,421 shares of the company’s stock, valued at approximately $120,000. D.A. Davidson & CO. owned approximately 1.94% of Plymouth Industrial Reit at the end of the most recent quarter.

Separately, BB&T Securities LLC acquired a new stake in Plymouth Industrial Reit during the second quarter valued at approximately $252,000.

Plymouth Industrial Reit Inc (PLYM) opened at 18.36 on Wednesday. The stock has a 50 day moving average of $18.11 and a 200-day moving average of $17.98. Plymouth Industrial Reit Inc has a 1-year low of $16.50 and a 1-year high of $19.00. The company’s market cap is $69.99 million.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Saturday, September 30th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.17%.

Separately, DA Davidson initiated coverage on shares of Plymouth Industrial Reit in a research note on Tuesday, June 20th. They issued a “buy” rating and a $21.00 target price for the company.

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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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