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 research note issued to investors on Saturday.

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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Shares of Plymouth Industrial Reit stock opened at $17.18 on Friday. Plymouth Industrial Reit has a twelve month low of $16.21 and a twelve month high of $19.00.

A number of hedge funds have recently made changes to their positions in PLYM. BB&T Securities LLC bought a new position in Plymouth Industrial Reit during the 4th quarter valued at about $507,000. D.A. Davidson & CO. bought a new position in Plymouth Industrial Reit during the 4th quarter valued at about $516,000. Finally, Kennedy Capital Management Inc. bought a new position in Plymouth Industrial Reit during the 4th quarter valued at about $753,000.

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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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