Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Get Free Report) have been assigned a consensus rating of "Hold" from the nine ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.44.
A number of equities analysts recently issued reports on PLYM shares. JPMorgan Chase & Co. decreased their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. Wedbush set a $17.00 target price on Plymouth Industrial REIT in a research report on Friday, February 28th. JMP Securities restated 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. Robert W. Baird reduced their price target on Plymouth Industrial REIT from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Finally, Truist Financial cut shares of Plymouth Industrial REIT from a "buy" rating to a "hold" rating in a research report on Friday, January 17th.
Read Our Latest Stock Report on Plymouth Industrial REIT
Hedge Funds Weigh In On Plymouth Industrial REIT
Several hedge funds and other institutional investors have recently bought and sold shares of PLYM. Quarry LP raised its holdings in shares of Plymouth Industrial REIT by 88.4% during the third quarter. Quarry LP now owns 1,833 shares of the company's stock valued at $41,000 after purchasing an additional 860 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Plymouth Industrial REIT by 3,130.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company's stock valued at $45,000 after buying an additional 1,941 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Plymouth Industrial REIT during the 3rd quarter valued at $46,000. Quadrant Capital Group LLC boosted its stake in shares of Plymouth Industrial REIT by 38.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,060 shares of the company's stock worth $54,000 after buying an additional 844 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Plymouth Industrial REIT in the third quarter worth $123,000. Institutional investors own 92.67% of the company's stock.
Plymouth Industrial REIT Trading Down 1.7 %
Plymouth Industrial REIT stock traded down $0.30 during mid-day trading on Thursday, reaching $17.05. 530,222 shares of the company traded hands, compared to its average volume of 284,453. 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 52-week low of $16.06 and a 52-week high of $24.71. The firm has a market capitalization of $776.42 million, a price-to-earnings ratio of 852.25 and a beta of 1.45. The firm's 50 day moving average price is $16.84 and its 200 day moving average price is $19.00.
Plymouth Industrial REIT Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend is Monday, March 31st. Plymouth Industrial REIT's dividend payout ratio is currently 31.37%.
Plymouth Industrial REIT Company Profile
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Get Free ReportPlymouth 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.
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