Analysts Set Plymouth Industrial REIT, Inc. (NYSE:PLYM) PT at $21.10

Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Get Free Report) have been given a consensus recommendation of "Hold" by the ten research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $21.10.

PLYM has been the subject of a number of research reports. Truist Financial cut their target price on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating for the company in a research report on Monday, March 24th. Barclays lowered their target price on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating on the stock in a report on Monday, March 31st. JMP Securities reaffirmed a "market outperform" rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. KeyCorp decreased their price objective on Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their target price on Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating for the company in a research note on Tuesday, January 14th.

Institutional Investors Weigh In On Plymouth Industrial REIT

A number of large investors have recently added to or reduced their stakes in the company. Meros Investment Management LP increased its position in shares of Plymouth Industrial REIT by 47.7% during the 1st quarter. Meros Investment Management LP now owns 573,160 shares of the company's stock valued at $9,343,000 after purchasing an additional 185,170 shares during the last quarter. Russell Investments Group Ltd. raised its position in Plymouth Industrial REIT by 7.8% in the 1st quarter. Russell Investments Group Ltd. now owns 128,593 shares of the company's stock worth $2,096,000 after purchasing an additional 9,340 shares during the period. Resona Asset Management Co. Ltd. grew its stake in shares of Plymouth Industrial REIT by 8.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 17,168 shares of the company's stock valued at $288,000 after buying an additional 1,370 shares during the last quarter. Barnett & Company Inc. purchased a new position in shares of Plymouth Industrial REIT in the first quarter worth $1,788,000. Finally, Entropy Technologies LP bought a new stake in Plymouth Industrial REIT during the 1st quarter valued at $230,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Plymouth Industrial REIT Stock Down 0.4%

PLYM stock traded down $0.06 during trading on Friday, reaching $16.20. The stock had a trading volume of 105,438 shares, compared to its average volume of 313,327. The company has a market capitalization of $737.88 million, a price-to-earnings ratio of 809.25 and a beta of 1.11. The company's 50 day moving average is $15.56 and its two-hundred day moving average is $17.11. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42. Plymouth Industrial REIT has a one year low of $12.70 and a one year high of $24.71.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%. The company had revenue of $45.57 million during the quarter, compared to the consensus estimate of $47.69 million. Equities research analysts forecast that Plymouth Industrial REIT will post 1.83 EPS for the current year.

Plymouth Industrial REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a $0.24 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 5.93%. Plymouth Industrial REIT's dividend payout ratio (DPR) is presently 31.48%.

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.