Plymouth Industrial REIT (NYSE:PLYM) Price Target Lowered to $18.00 at KeyCorp

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) had its target price reduced by equities research analysts at KeyCorp from $23.00 to $18.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. KeyCorp's target price indicates a potential upside of 28.12% from the company's current price.

PLYM has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their price target on Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 14th. Truist Financial dropped their target price on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating for the company in a report on Monday, March 24th. Wedbush set a $17.00 price target on shares of Plymouth Industrial REIT in a research note on Friday, February 28th. Barclays dropped their price objective on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, March 31st. Finally, JMP Securities reissued a "market outperform" rating and issued a $27.00 target price on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $21.20.

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Plymouth Industrial REIT Price Performance

NYSE PLYM traded up $0.35 during trading hours on Tuesday, reaching $14.05. The company's stock had a trading volume of 385,300 shares, compared to its average volume of 300,621. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12. Plymouth Industrial REIT has a 1-year low of $12.70 and a 1-year high of $24.71. The company's 50-day moving average is $16.32 and its two-hundred day moving average is $18.13. The firm has a market capitalization of $639.95 million, a price-to-earnings ratio of 702.45 and a beta of 1.19.

Institutional Trading of Plymouth Industrial REIT

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Plymouth Industrial REIT by 6,862.5% during the 1st quarter. GAMMA Investing LLC now owns 3,342 shares of the company's stock worth $54,000 after purchasing an additional 3,294 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Plymouth Industrial REIT by 25.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 258,599 shares of the company's stock valued at $4,603,000 after buying an additional 53,012 shares during the last quarter. PharVision Advisers LLC purchased a new position in Plymouth Industrial REIT during the fourth quarter worth $241,000. Westwood Holdings Group Inc. raised its holdings in shares of Plymouth Industrial REIT by 33.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,631,111 shares of the company's stock worth $64,634,000 after acquiring an additional 901,251 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Plymouth Industrial REIT by 0.6% in the fourth quarter. Two Sigma Advisers LP now owns 185,700 shares of the company's stock valued at $3,305,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Plymouth Industrial REIT Company Profile

Plymouth Industrial REIT, Inc NYSE: PLYM is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.