Plymouth Industrial REIT, Inc. (NYSE:PLYM) Receives Average Rating of "Hold" from Analysts

Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Get Free Report) have been given a consensus rating of "Hold" by the nine analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.33.

PLYM has been the topic of several research reports. Barclays decreased their price objective on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, November 18th. JMP Securities restated 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. BNP Paribas downgraded Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 price target on the stock. in a research report on Friday, November 8th. BMO Capital Markets reduced their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set a "market perform" rating for the company in a research note on Wednesday, August 28th. Finally, Robert W. Baird lowered their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th.

Insider Buying and Selling at Plymouth Industrial REIT

In related news, CEO Jeffrey E. Witherell bought 2,000 shares of the business's stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $18.49 per share, with a total value of $36,980.00. Following the purchase, the chief executive officer now directly owns 252,248 shares of the company's stock, valued at $4,664,065.52. The trade was a 0.80 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Pendleton P. Jr. White purchased 5,000 shares of Plymouth Industrial REIT stock in a transaction dated Friday, November 15th. The shares were bought at an average price of $18.39 per share, for a total transaction of $91,950.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $91,950. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.40% of the company's stock.

Institutional Trading of Plymouth Industrial REIT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jennison Associates LLC raised its holdings in Plymouth Industrial REIT by 4.1% in the 3rd quarter. Jennison Associates LLC now owns 4,401,384 shares of the company's stock valued at $99,471,000 after buying an additional 174,836 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Plymouth Industrial REIT by 1.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,964,075 shares of the company's stock valued at $63,372,000 after acquiring an additional 28,272 shares during the period. State Street Corp lifted its holdings in shares of Plymouth Industrial REIT by 1.4% in the 3rd quarter. State Street Corp now owns 1,223,747 shares of the company's stock worth $27,949,000 after acquiring an additional 16,398 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Plymouth Industrial REIT by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,047,832 shares of the company's stock worth $23,685,000 after acquiring an additional 29,924 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Plymouth Industrial REIT by 24.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 910,751 shares of the company's stock worth $20,583,000 after purchasing an additional 180,003 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Plymouth Industrial REIT Stock Down 1.9 %

PLYM traded down $0.36 during trading on Tuesday, hitting $18.83. The stock had a trading volume of 396,511 shares, compared to its average volume of 261,725. Plymouth Industrial REIT has a twelve month low of $18.08 and a twelve month high of $25.55. The stock has a 50 day simple moving average of $20.21 and a two-hundred day simple moving average of $21.74. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market capitalization of $854.67 million, a PE ratio of 960.25, a PEG ratio of 1.44 and a beta of 1.34.

Plymouth Industrial REIT Announces Dividend

The business also recently disclosed 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 5.10%. The ex-dividend date of this dividend was Monday, September 30th. Plymouth Industrial REIT's payout ratio is 4,800.00%.

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.