Plymouth Industrial REIT, Inc. (NYSE:PLYM - Get Free Report) has received an average recommendation of "Hold" from the ten research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $21.20.
PLYM has been the topic of a number of recent analyst reports. KeyCorp decreased their target price on Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays cut their target price 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. Robert W. Baird cut their price objective on Plymouth Industrial REIT from $21.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. JMP Securities reiterated a "market outperform" rating and set a $27.00 price target on shares of Plymouth Industrial REIT in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. decreased their price objective 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.
Check Out Our Latest Stock Analysis on PLYM
Institutional Trading of Plymouth Industrial REIT
Several hedge funds have recently modified their holdings of PLYM. 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 valued at $54,000 after buying an additional 844 shares during the period. GAMMA Investing LLC lifted its position 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 during the last quarter. Quarry LP increased its holdings in Plymouth Industrial REIT by 74.1% in the fourth quarter. Quarry LP now owns 3,191 shares of the company's stock valued at $57,000 after buying an additional 1,358 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Plymouth Industrial REIT during the 4th quarter worth about $148,000. Finally, SG Americas Securities LLC boosted its position in shares of Plymouth Industrial REIT by 15.0% during the 4th quarter. SG Americas Securities LLC now owns 10,390 shares of the company's stock worth $185,000 after acquiring an additional 1,358 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.
Plymouth Industrial REIT Price Performance
Shares of Plymouth Industrial REIT stock traded down $0.19 on Monday, hitting $14.14. The company's stock had a trading volume of 211,892 shares, compared to its average volume of 301,507. The company has a market capitalization of $644.23 million, a price-to-earnings ratio of 707.15 and a beta of 1.19. The firm has a fifty day moving average price of $16.22 and a 200-day moving average price of $18.01. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. Plymouth Industrial REIT has a 1 year low of $7.19 and a 1 year high of $24.71.
Plymouth Industrial REIT Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.79%. Plymouth Industrial REIT's dividend payout ratio (DPR) is presently 31.37%.
About Plymouth Industrial REIT
(
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.
Recommended Stories
Before you consider Plymouth Industrial REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Plymouth Industrial REIT wasn't on the list.
While Plymouth Industrial REIT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
