JMP Securities reiterated their market perform rating on shares of Plymouth Industrial REIT (NYSE:PLYM - Free Report) in a research report sent to investors on Wednesday,Benzinga reports.
Several other equities analysts have also issued reports on PLYM. Wall Street Zen raised Plymouth Industrial REIT from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Wedbush raised Plymouth Industrial REIT to a "hold" rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird dropped their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $20.67.
View Our Latest Stock Analysis on PLYM
Plymouth Industrial REIT Stock Up 0.1%
NYSE:PLYM traded up $0.0120 during trading hours on Wednesday, hitting $21.1220. The company's stock had a trading volume of 512,551 shares, compared to its average volume of 451,075. The stock has a market capitalization of $940.99 million, a P/E ratio of 7.35 and a beta of 1.11. The stock has a fifty day moving average of $16.03 and a 200-day moving average of $16.00. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 1.15. Plymouth Industrial REIT has a 52-week low of $12.70 and a 52-week high of $24.70.
Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $47.20 million for the quarter, compared to analyst estimates of $46.20 million. Plymouth Industrial REIT had a return on equity of 24.24% and a net margin of 67.77%. On average, equities analysts forecast that Plymouth Industrial REIT will post 1.83 earnings per share for the current year.
Plymouth Industrial REIT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, June 30th. This represents a $0.96 annualized dividend and a dividend yield of 4.5%. Plymouth Industrial REIT's dividend payout ratio is 33.33%.
Institutional Investors Weigh In On Plymouth Industrial REIT
Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Plymouth Industrial REIT by 6,862.5% during the first quarter. GAMMA Investing LLC now owns 3,342 shares of the company's stock worth $54,000 after buying an additional 3,294 shares during the period. Legal & General Group Plc boosted its stake in shares of Plymouth Industrial REIT by 17.3% during the fourth quarter. Legal & General Group Plc now owns 41,472 shares of the company's stock worth $738,000 after buying an additional 6,119 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Plymouth Industrial REIT during the first quarter worth about $408,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Plymouth Industrial REIT by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,822 shares of the company's stock worth $406,000 after buying an additional 817 shares during the period. Finally, Bank of America Corp DE lifted its position in Plymouth Industrial REIT by 4.0% in the fourth quarter. Bank of America Corp DE now owns 139,150 shares of the company's stock valued at $2,477,000 after purchasing an additional 5,359 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.
Plymouth Industrial REIT Company Profile
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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.
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