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. “

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.

TRADEMARK VIOLATION WARNING: This report was first posted by WKRB News and is the property of of WKRB News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.wkrb13.com/2018/04/02/plymouth-industrial-reit-plym-rating-lowered-to-hold-at-zacks-investment-research.html.

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.

Receive News & Ratings for Plymouth Industrial Reit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plymouth Industrial Reit and related companies with MarketBeat.com's FREE daily email newsletter.