Plymouth Industrial REIT (PLYM) Scheduled to Post Earnings on Wednesday

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Plymouth Industrial REIT to post earnings of $0.48 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Plymouth Industrial REIT Stock Down 0.6 %

Shares of Plymouth Industrial REIT stock traded down $0.12 on Friday, reaching $20.20. 280,029 shares of the company were exchanged, compared to its average volume of 244,967. The stock's 50 day moving average price is $22.28 and its 200-day moving average price is $22.00. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.16 and a quick ratio of 0.16. Plymouth Industrial REIT has a 1-year low of $19.84 and a 1-year high of $25.55. The company has a market cap of $917.08 million, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 1.55 and a beta of 1.36.

Plymouth Industrial REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend was Monday, September 30th. Plymouth Industrial REIT's dividend payout ratio (DPR) is presently 177.78%.

Insider Buying and Selling

In other news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $23.58, for a total transaction of $13,285,868.04. Following the transaction, the insider now directly owns 4,474,292 shares in the company, valued at approximately $105,503,805.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PLYM. Wedbush raised their price objective on shares of Plymouth Industrial REIT from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Truist Financial lifted their price target on Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. B. Riley increased their price objective on Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a "buy" rating in a report on Monday, August 5th. JMP Securities reissued a "market outperform" rating and set a $27.00 target price on shares of Plymouth Industrial REIT in a research report on Wednesday, August 28th. Finally, Barclays upped their price target on Plymouth Industrial REIT from $22.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $25.57.

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.