Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) has received an average rating of "Hold" from the ten analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $21.3333.
PLYM has been the topic of a number of research reports. Truist Financial lifted their target price on shares of Plymouth Industrial REIT from $18.00 to $21.00 and gave the company a "hold" rating in a research note on Wednesday, August 20th. Wall Street Zen raised Plymouth Industrial REIT from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. JMP Securities reissued a "market perform" rating on shares of Plymouth Industrial REIT in a research report on Wednesday, August 20th. Wedbush upgraded Plymouth Industrial REIT to a "hold" rating in a research note on Wednesday, July 2nd. Finally, Citizens Jmp cut Plymouth Industrial REIT from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th.
Check Out Our Latest Report on Plymouth Industrial REIT
Institutional Investors Weigh In On Plymouth Industrial REIT
Several hedge funds have recently bought and sold shares of the business. Westwood Holdings Group Inc. lifted its holdings in shares of Plymouth Industrial REIT by 24.5% during the first quarter. Westwood Holdings Group Inc. now owns 4,520,361 shares of the company's stock valued at $73,682,000 after purchasing an additional 889,250 shares during the last quarter. Jennison Associates LLC increased its position in Plymouth Industrial REIT by 3.0% during the 2nd quarter. Jennison Associates LLC now owns 3,645,335 shares of the company's stock valued at $58,544,000 after buying an additional 104,526 shares in the last quarter. Geode Capital Management LLC raised its stake in Plymouth Industrial REIT by 1.2% during the second quarter. Geode Capital Management LLC now owns 1,079,383 shares of the company's stock valued at $17,335,000 after buying an additional 12,842 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Plymouth Industrial REIT by 1.9% in the second quarter. JPMorgan Chase & Co. now owns 900,430 shares of the company's stock worth $14,461,000 after acquiring an additional 16,947 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in shares of Plymouth Industrial REIT by 8.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 756,124 shares of the company's stock worth $12,143,000 after acquiring an additional 56,124 shares during the last quarter. Institutional investors own 92.67% of the company's stock.
Plymouth Industrial REIT Trading Down 0.1%
Shares of PLYM stock traded down $0.02 during trading hours on Thursday, reaching $21.98. The company's stock had a trading volume of 903,445 shares, compared to its average volume of 1,417,841. 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 one year low of $12.70 and a one year high of $23.40. The stock has a market capitalization of $979.21 million, a P/E ratio of 7.63 and a beta of 1.17. The firm's fifty day simple moving average is $17.95 and its 200 day simple moving average is $16.63.
Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The company had revenue of $47.20 million during the quarter, compared to the consensus estimate of $46.20 million. Plymouth Industrial REIT had a return on equity of 24.24% and a net margin of 67.77%. Equities research analysts expect that Plymouth Industrial REIT will post 1.83 EPS for the current year.
Plymouth Industrial REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.4%. Plymouth Industrial REIT's dividend payout ratio is currently 33.33%.
Plymouth Industrial REIT Company Profile
(
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.
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