Plymouth Industrial REIT (NYSE:PLYM) Hits New 1-Year Low - What's Next?

Plymouth Industrial REIT, Inc. (NYSE:PLYM - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as $16.20 and last traded at $16.29, with a volume of 94891 shares changing hands. The stock had previously closed at $16.53.

Analyst Ratings Changes

A number of analysts have recently weighed in on PLYM shares. Barclays lowered their price target on shares of 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. Truist Financial cut shares of Plymouth Industrial REIT from a "buy" rating to a "hold" rating in a report on Friday, January 17th. Robert W. Baird lowered their price target on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. Finally, BNP Paribas cut shares of Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 price target on the stock. in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.89.

Plymouth Industrial REIT Stock Down 0.8 %

The business's 50 day moving average is $17.12 and its 200 day moving average is $19.97. The company has a market capitalization of $745.97 million, a price-to-earnings ratio of 821.75 and a beta of 1.33. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend was Tuesday, December 31st. Plymouth Industrial REIT's dividend payout ratio (DPR) is presently 4,800.00%.

Institutional Trading of Plymouth Industrial REIT

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP lifted its stake in Plymouth Industrial REIT by 88.4% during the 3rd 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 period. Loomis Sayles & Co. L P lifted 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 acquiring an additional 1,941 shares during the period. Point72 DIFC Ltd acquired a new stake in Plymouth Industrial REIT during the 3rd quarter valued at approximately $46,000. Quadrant Capital Group LLC lifted its stake in Plymouth Industrial REIT by 38.1% during the 4th 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 period. Finally, Point72 Hong Kong Ltd acquired a new stake in Plymouth Industrial REIT during the 3rd quarter valued at approximately $123,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

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.