Plymouth Industrial Reit (PLYM) Rating Lowered to Hold at Zacks Investment Research

Plymouth Industrial Reit (NYSEAMERICAN:PLYM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

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. “

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Plymouth Industrial Reit (PLYM) opened at $17.75 on Friday. The stock has a market capitalization of $65.77 and a PE ratio of 0.55. Plymouth Industrial Reit has a 52 week low of $16.21 and a 52 week high of $19.00.

Institutional investors and hedge funds have recently made changes to their positions in the company. BB&T Securities LLC purchased a new position in shares of Plymouth Industrial Reit in the 4th quarter valued at about $507,000. D.A. Davidson & CO. purchased a new stake in Plymouth Industrial Reit during the fourth quarter worth approximately $516,000. Finally, Kennedy Capital Management Inc. purchased a new stake in Plymouth Industrial Reit during the fourth quarter worth approximately $753,000.

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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.

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