Plymouth Industrial REIT (NYSE:PLYM) Given Consensus Rating of "Hold" by Analysts

Shares of Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) have received a consensus recommendation of "Hold" from the ten analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $21.10.

PLYM has been the topic of several research analyst reports. Truist Financial decreased their price target on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Barclays reduced their target price on 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. KeyCorp decreased their target price 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. Wedbush set a $17.00 price target on Plymouth Industrial REIT in a research report on Friday, February 28th. Finally, Wall Street Zen lowered Plymouth Industrial REIT from a "hold" rating to a "sell" rating in a report on Saturday, June 14th.

Plymouth Industrial REIT Trading Down 1.6%

Shares of PLYM opened at $16.12 on Friday. Plymouth Industrial REIT has a twelve month low of $12.70 and a twelve month high of $24.71. The stock has a market cap of $734.36 million, a PE ratio of 5.29 and a beta of 1.12. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 1.08. The business's 50-day moving average price is $15.91 and its 200-day moving average price is $16.42.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Plymouth Industrial REIT had a net margin of 71.08% and a return on equity of 26.42%. The firm had revenue of $45.57 million for the quarter, compared to analysts' expectations of $47.69 million. On average, equities analysts forecast that Plymouth Industrial REIT will post 1.83 EPS for the current fiscal year.

Plymouth Industrial REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend is Monday, June 30th. Plymouth Industrial REIT's dividend payout ratio is currently 31.48%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PLYM. Legal & General Group Plc increased its holdings in shares of Plymouth Industrial REIT by 17.3% in 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. GAMMA Investing LLC grew its position in Plymouth Industrial REIT by 6,862.5% during the 1st quarter. GAMMA Investing LLC now owns 3,342 shares of the company's stock worth $54,000 after acquiring an additional 3,294 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Plymouth Industrial REIT by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,822 shares of the company's stock worth $406,000 after purchasing an additional 817 shares during the period. Rhumbline Advisers lifted its position in Plymouth Industrial REIT by 1.4% in the fourth quarter. Rhumbline Advisers now owns 73,529 shares of the company's stock valued at $1,309,000 after purchasing an additional 1,010 shares during the last quarter. 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 last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

About Plymouth Industrial REIT

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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