Wall Street Zen downgraded shares of Plymouth Industrial REIT (NYSE:PLYM - Free Report) from a hold rating to a sell rating in a research report released on Saturday.
Other equities research analysts have also recently issued reports about the stock. Truist Financial dropped their price target 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. KeyCorp dropped their price target on shares of Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wedbush set a $17.00 price target on shares of Plymouth Industrial REIT in a research report on Friday, February 28th. Robert W. Baird dropped their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Finally, Barclays dropped their price target on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating for the company in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Plymouth Industrial REIT has an average rating of "Hold" and an average price target of $21.10.
Check Out Our Latest Stock Report on PLYM
Plymouth Industrial REIT Trading Down 3.0%
Plymouth Industrial REIT stock traded down $0.51 during midday trading on Friday, hitting $16.24. 472,244 shares of the stock were exchanged, compared to its average volume of 326,628. Plymouth Industrial REIT has a fifty-two week low of $12.70 and a fifty-two week high of $24.71. The stock has a market capitalization of $739.70 million, a price-to-earnings ratio of 812.00 and a beta of 1.12. The stock's 50-day simple moving average is $15.47 and its 200 day simple moving average is $16.58. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42.
Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $45.57 million for the quarter, compared to analyst estimates of $47.69 million. On average, equities analysts anticipate that Plymouth Industrial REIT will post 1.83 EPS for the current year.
Hedge Funds Weigh In On Plymouth Industrial REIT
Institutional investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. increased its stake in Plymouth Industrial REIT by 2.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 41,353 shares of the company's stock valued at $736,000 after buying an additional 952 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Plymouth Industrial REIT by 4.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 57,243 shares of the company's stock worth $1,015,000 after buying an additional 2,408 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Plymouth Industrial REIT by 1.4% in the 4th quarter. Rhumbline Advisers now owns 73,529 shares of the company's stock worth $1,309,000 after buying an additional 1,010 shares in the last quarter. Meixler Investment Management Ltd. boosted its position in shares of Plymouth Industrial REIT by 129.0% in the 4th quarter. Meixler Investment Management Ltd. now owns 48,813 shares of the company's stock worth $869,000 after buying an additional 27,500 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Plymouth Industrial REIT by 6.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 246,404 shares of the company's stock valued at $4,386,000 after purchasing an additional 15,029 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.
About Plymouth Industrial REIT
(
Get Free Report)
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.
Featured Articles
Before you consider Plymouth Industrial REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Plymouth Industrial REIT wasn't on the list.
While Plymouth Industrial REIT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
