Insider Buying: Plymouth Industrial Reit Inc (PLYM) CEO Purchases 1,000 Shares of Stock

Plymouth Industrial Reit Inc (NYSEAMERICAN:PLYM) CEO Jeffrey E. Witherell acquired 1,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average cost of $15.33 per share, for a total transaction of $15,330.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSEAMERICAN PLYM traded down $0.10 during mid-day trading on Friday, reaching $16.25. The company had a trading volume of 42,836 shares, compared to its average volume of 28,766. Plymouth Industrial Reit Inc has a 52-week low of $10.95 and a 52-week high of $18.27.

Plymouth Industrial Reit (NYSEAMERICAN:PLYM) last posted its earnings results on Friday, March 8th. The company reported ($1.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.92) by ($0.18). The company had revenue of $13.64 million for the quarter, compared to analysts’ expectations of $13.30 million.



A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Plymouth Industrial Reit from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Sandler O’Neill assumed coverage on shares of Plymouth Industrial Reit in a research report on Tuesday, January 29th. They issued a “hold” rating and a $17.00 target price on the stock. Finally, Wedbush assumed coverage on shares of Plymouth Industrial Reit in a research report on Tuesday, December 18th. They issued an “outperform” rating and a $16.00 target price on the stock.

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC acquired a new stake in Plymouth Industrial Reit during the 4th quarter worth $255,000. BlackRock Inc. boosted its stake in Plymouth Industrial Reit by 74.0% during the 4th quarter. BlackRock Inc. now owns 22,663 shares of the company’s stock worth $286,000 after purchasing an additional 9,637 shares during the period. National Asset Management Inc. boosted its stake in Plymouth Industrial Reit by 19.6% during the 4th quarter. National Asset Management Inc. now owns 114,852 shares of the company’s stock worth $1,449,000 after purchasing an additional 18,843 shares during the period. Wedbush Securities Inc. acquired a new stake in Plymouth Industrial Reit during the 4th quarter worth $242,000. Finally, D.A. Davidson & CO. boosted its stake in Plymouth Industrial Reit by 52.1% during the 4th quarter. D.A. Davidson & CO. now owns 79,737 shares of the company’s stock worth $1,005,000 after purchasing an additional 27,304 shares during the period.

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Plymouth Industrial Reit Company Profile

Plymouth Industrial REIT, Inc is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.

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