Plymouth Industrial REIT (PLYM) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $18.41 to $18.80
• 50-Day Range: $18.36 to $23.27
• 52-Week Range: $18.08 to $25.55
• Volume: 431,930 shs
• Average Volume: 257,466 shs
• Market Capitalization: $850.14 million
• P/E Ratio: 936.50
• Dividend Yield: 5.13%
• Price Target: $24.89
• Consensus Rating: Hold

Plymouth Industrial REIT Stock Analysis - MarketRank™

Plymouth Industrial REIT scored higher than 91% of companies evaluated by MarketBeat, and ranked 134th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Plymouth Industrial REIT has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 4 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Plymouth Industrial REIT has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 11.41%

Earnings Growth

Earnings for Plymouth Industrial REIT are expected to grow by 11.41% in the coming year, from $1.84 to $2.05 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Plymouth Industrial REIT is 936.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Plymouth Industrial REIT is 936.50, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 49.29.

Price to Earnings Growth Ratio

Plymouth Industrial REIT has a PEG Ratio of 1.43. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Plymouth Industrial REIT has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.01% of the outstanding shares of Plymouth Industrial REIT have been sold short.

Short Interest Ratio / Days to Cover

Plymouth Industrial REIT has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Plymouth Industrial REIT has recently decreased by 10.80%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Plymouth Industrial REIT is a leading dividend payer. It pays a dividend yield of 5.16%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Plymouth Industrial REIT does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Plymouth Industrial REIT is 4,800.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Plymouth Industrial REIT will have a dividend payout ratio of 46.83% next year. This indicates that Plymouth Industrial REIT will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.01% of the outstanding shares of Plymouth Industrial REIT have been sold short.

Short Interest Ratio / Days to Cover

Plymouth Industrial REIT has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Plymouth Industrial REIT has recently decreased by 10.80%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: 0.12

News Sentiment

Plymouth Industrial REIT has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Plymouth Industrial REIT this week, compared to 4 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Plymouth Industrial REIT insiders have bought more of their company's stock than they have sold. Specifically, they have bought $128,930.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.40% of the stock of Plymouth Industrial REIT is held by insiders.

Percentage Held by Institutions

92.67% of the stock of Plymouth Industrial REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PLYM Stock Analysis - Frequently Asked Questions

How have PLYM shares performed this year?

Plymouth Industrial REIT's stock was trading at $24.07 at the start of the year. Since then, PLYM shares have decreased by 22.2% and is now trading at $18.73.
View the best growth stocks for 2024 here.

How were Plymouth Industrial REIT's earnings last quarter?

Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its quarterly earnings results on Wednesday, May, 1st. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.47 by $0.33. The business earned $50.23 million during the quarter, compared to analysts' expectations of $50.73 million. Plymouth Industrial REIT had a net margin of 0.46% and a trailing twelve-month return on equity of 0.20%.

When did Plymouth Industrial REIT IPO?

Plymouth Industrial REIT (PLYM) raised $76 million in an IPO on Friday, June 9th 2017. The company issued 3,800,000 shares at $19.00-$21.00 per share. D.A. Davidson, BB&T Capital Markets and Oppenheimer served as the underwriters for the IPO and Janney Montgomery Scott, National Securities Corporation and Wedbush Securities were co-managers.

Who are Plymouth Industrial REIT's major shareholders?

Top institutional investors of Plymouth Industrial REIT include Jennison Associates LLC (9.69%), FMR LLC (5.93%), Wellington Management Group LLP (2.96%) and State Street Corp (2.70%). Insiders that own company stock include Mirelf Vi Reit Investments Iv,, Jeffrey E Witherell, Pendleton P Jr White and Pendleton P White.
View institutional ownership trends.

How do I buy shares of Plymouth Industrial REIT?

Shares of PLYM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Plymouth Industrial REIT own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Plymouth Industrial REIT investors own include Cleveland-Cliffs (CLF), Medical Properties Trust (MPW), Energy Transfer (ET), Cheniere Energy (LNG), Pfizer (PFE), VICI Properties (VICI) and Enterprise Products Partners (EPD).

Company Calendar

• Last Earnings: 5/01/2024
• Ex-Dividend for 10/31 Dividend: 9/30/2024
• Dividend Payable: 10/31/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: N/A
• Current Symbol: NYSE:PLYM
• CUSIP: N/A
• CIK: 1515816
• Web: www.plymouthreit.com
• Phone: (617) 340-3814
• Fax: N/A
• Employees: 43
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $24.89
• High Stock Price Target: $27.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: +32.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.02
• Trailing P/E Ratio: 936.50
• Forward P/E Ratio: 10.18
• P/E Growth: 1.43
• Net Income: $13.66 million
• Net Margins: 0.46%
• Pretax Margin: 0.82%
• Return on Equity: 0.20%
• Return on Assets: 0.06%

Debt

• Debt-to-Equity Ratio: 1.42
• Current Ratio: 0.12
• Quick Ratio: 0.12

Sales & Book Value

• Annual Sales: $201.57 million
• Price / Sales: 4.22
• Cash Flow: $2.40 per share
• Price / Cash Flow: 7.81
• Book Value: $10.79 per share
• Price / Book: 1.74

Miscellaneous

• Outstanding Shares: 45,389,000
• Free Float: 44,754,000
• Market Cap: $850.14 million
• Optionable: Optionable
• Beta: 1.37