Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Get Rating) have been given an average rating of "Buy" by the seven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $29.50.
A number of equities analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Plymouth Industrial REIT in a report on Monday, February 7th. They issued a "market perform" rating and a $30.00 price target on the stock. B. Riley dropped their price objective on shares of Plymouth Industrial REIT from $32.00 to $29.00 in a report on Thursday. Zacks Investment Research downgraded shares of Plymouth Industrial REIT from a "hold" rating to a "sell" rating in a report on Tuesday, May 3rd. Finally, Truist Financial assumed coverage on shares of Plymouth Industrial REIT in a report on Thursday, January 27th. They set a "buy" rating and a $31.00 price objective on the stock.
Shares of NYSE PLYM traded up $0.48 during trading on Friday, hitting $21.31. The stock had a trading volume of 462,005 shares, compared to its average volume of 372,179. The firm has a fifty day moving average of $25.34 and a two-hundred day moving average of $27.44. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $854.96 million, a PE ratio of -23.42, a PEG ratio of 1.62 and a beta of 1.26. Plymouth Industrial REIT has a 12 month low of $19.02 and a 12 month high of $32.37.
The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Thursday, March 31st were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.13%. This is an increase from Plymouth Industrial REIT's previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, March 30th. Plymouth Industrial REIT's dividend payout ratio is presently -96.70%.
Several institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Plymouth Industrial REIT by 146.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 244,352 shares of the company's stock worth $6,622,000 after purchasing an additional 145,047 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Plymouth Industrial REIT by 9.6% in the first quarter. Lazard Asset Management LLC now owns 1,165,091 shares of the company's stock worth $31,572,000 after acquiring an additional 102,069 shares during the period. Federated Hermes Inc. lifted its stake in Plymouth Industrial REIT by 0.6% in the first quarter. Federated Hermes Inc. now owns 495,900 shares of the company's stock worth $13,438,000 after acquiring an additional 2,892 shares during the period. Vanguard Group Inc. lifted its stake in Plymouth Industrial REIT by 7.2% in the first quarter. Vanguard Group Inc. now owns 3,466,665 shares of the company's stock worth $93,947,000 after acquiring an additional 231,740 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. lifted its stake in Plymouth Industrial REIT by 5.1% in the first quarter. Rothschild & Co. Asset Management US Inc. now owns 252,500 shares of the company's stock worth $6,843,000 after acquiring an additional 12,219 shares during the period. 86.17% of the stock is currently owned by hedge funds and other institutional investors.
Plymouth Industrial REIT Company Profile (Get Rating)
Plymouth Industrial REIT, Inc is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.
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