Plymouth Industrial REIT, Inc. (NYSE:PLYM - Get Free Report) has earned an average recommendation of "Hold" from the nine research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $23.89.
A number of brokerages recently weighed in on PLYM. Robert W. Baird dropped their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. Truist Financial lowered Plymouth Industrial REIT from a "buy" rating to a "hold" rating in a report on Friday, January 17th. JMP Securities reissued a "market outperform" rating and issued a $27.00 target price on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. Barclays lowered their target price on Plymouth Industrial REIT from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. lowered their target price on Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th.
Read Our Latest Analysis on PLYM
Plymouth Industrial REIT Trading Up 0.7 %
Shares of PLYM stock opened at $16.57 on Friday. The business's fifty day moving average price is $16.99 and its 200 day moving average price is $19.80. Plymouth Industrial REIT has a 1-year low of $16.20 and a 1-year high of $24.71. The firm has a market capitalization of $752.10 million, a PE ratio of 828.50 and a beta of 1.33. 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 (NYSE:PLYM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 earnings per share for the quarter, hitting analysts' consensus estimates of $0.46. Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%. As a group, sell-side analysts forecast that Plymouth Industrial REIT will post 1.83 EPS for the current fiscal year.
Plymouth Industrial REIT Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date was Tuesday, December 31st. Plymouth Industrial REIT's payout ratio is currently 4,800.00%.
Institutional Trading of Plymouth Industrial REIT
Large investors have recently made changes to their positions in the stock. Quarry LP boosted its stake 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 acquiring an additional 860 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Plymouth Industrial REIT by 3,130.6% during the third quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company's stock valued at $45,000 after acquiring an additional 1,941 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Plymouth Industrial REIT during the third quarter valued at $46,000. Quadrant Capital Group LLC boosted its stake in shares of Plymouth Industrial REIT by 38.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,060 shares of the company's stock valued at $54,000 after acquiring an additional 844 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Plymouth Industrial REIT during the third quarter valued at $123,000. Institutional investors and hedge funds own 92.67% of the company's stock.
About Plymouth Industrial REIT
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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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