SCHEDULE 13G/A: Prudential Financial Amends Stake in Plymouth Industrial REIT, Disclosing 7.8% Beneficial Ownership

Prudential Financial, Inc. has filed an Amendment No. 5 to Schedule 13G, disclosing a 7.8% beneficial ownership stake in Plymouth Industrial REIT, Inc. as of March 31, 2025.

Summary

• Prudential Financial, Inc. filed an Amendment No. 5 to Schedule 13G regarding its beneficial ownership in Plymouth Industrial REIT, Inc.
• As of March 31, 2025, Prudential Financial, Inc. beneficially owns an aggregate of 3,565,294 shares of Common stock in Plymouth Industrial REIT, Inc.
• This represents 7.8% of the class of securities.
• Prudential Financial, Inc. holds sole voting power over 80,471 shares and shared voting power over 3,484,823 shares.
• It also holds sole dispositive power over 80,471 shares and shared dispositive power over 3,484,823 shares.
• The filing indicates that Prudential Financial, Inc. is a Parent Holding Company, with beneficial ownership primarily held through its subsidiaries: Jennison Associates LLC (3,540,809 shares, 7.8%) and PGIM Quantitative Solutions LLC (24,485 shares, 0.0%).
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing disclosing beneficial ownership. It contains no positive or negative performance information or forward-looking statements that would influence sentiment.

Future Outlook

NA

Industry Context

This filing reflects a significant institutional ownership stake by Prudential Financial, a major financial services company, in Plymouth Industrial REIT, a real estate investment trust. Such filings are common for large asset managers holding passive investment positions in publicly traded companies, including REITs which are a key component of many institutional portfolios due to their income-generating nature.

Stakeholder Impact

• For shareholders of Plymouth Industrial REIT, this filing confirms a significant institutional investor's continued stake, which can be viewed as a sign of confidence.
• For Prudential Financial, Inc. and its clients, this filing details their passive investment position in Plymouth Industrial REIT.

Key Dates

Keywords

Plymouth Industrial REIT, Prudential Financial, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Real Estate Investment Trust, REIT, Jennison Associates, PGIM Quantitative Solutions