Here is Who Picked Plymouth Industrial Reit Inc. (NYSEMKT:PLYM) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Plymouth Industrial Reit Inc. (NYSEMKT:PLYM) reported that Resource Real Estate Diversified Income Fund has picked up 182,000 of common stock as of 2017-06-15.

The acquisition brings the aggregate amount owned by Resource Real Estate Diversified Income Fund to a total of 182,000 representing a 6.28% stake in the company.

For those not familiar with the company, Plymouth Industrial REIT, Inc., formerly Plymouth Opportunity REIT, Inc., is a self-administered and self-managed real estate investment trust. The Company is 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. The Company operates in industrial properties. The Company owns and operates in approximately 21 industrial properties located in over seven states, with an aggregate of approximately 4,350,000 rentable square feet plus a 270 unit multifamily complex. The Company’s portfolio of owned and operated properties was approximately 99% leased to 50 separate tenants across 17 industry types. The Company conducts its business through Plymouth Industrial OP, LP.

A glance at Plymouth Industrial Reit Inc. (NYSEMKT:PLYM)’s key stats reveals a current market capitalization of $64.46M Million based on $4.46 Million shares outstanding and a price at last close of $18.03 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-06-09, White picked up 200 at a purchase price of $18.13. This brings their total holding to 251 as of the date of the filing.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Plymouth Industrial Reit Inc. (NYSEMKT:PLYM) as things move forward to see if its progress aligns with these transactions.

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