Plymouth Industrial REIT (NYSE:PLYM) Receives $21.10 Average Target Price from Brokerages

Shares of Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) have been assigned a consensus rating of "Hold" from the ten analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.10.

PLYM has been the topic of a number of analyst reports. Barclays cut their price objective 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. Wall Street Zen downgraded shares of Plymouth Industrial REIT from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Robert W. Baird cut their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. KeyCorp cut their price target on shares of Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Wedbush raised shares of Plymouth Industrial REIT to a "hold" rating in a report on Wednesday, July 2nd.

Plymouth Industrial REIT Trading Down 0.7%

Shares of PLYM stock traded down $0.11 during trading hours on Wednesday, hitting $15.37. 60,204 shares of the company were exchanged, compared to its average volume of 365,718. The firm has a market cap of $699.88 million, a P/E ratio of 5.05 and a beta of 1.11. Plymouth Industrial REIT has a fifty-two week low of $12.70 and a fifty-two week high of $24.70. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.27 and a current ratio of 0.27. The company has a 50 day simple moving average of $16.16 and a two-hundred day simple moving average of $16.14.

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

Plymouth Industrial REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.25%. The ex-dividend date is Monday, June 30th. Plymouth Industrial REIT's dividend payout ratio (DPR) is 31.48%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in shares of Plymouth Industrial REIT by 136.1% in the second quarter. Parallel Advisors LLC now owns 1,594 shares of the company's stock worth $26,000 after purchasing an additional 919 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Plymouth Industrial REIT by 38.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,060 shares of the company's stock worth $54,000 after purchasing an additional 844 shares during the last quarter. GAMMA Investing LLC boosted its stake in Plymouth Industrial REIT by 6,862.5% in the first quarter. GAMMA Investing LLC now owns 3,342 shares of the company's stock worth $54,000 after buying an additional 3,294 shares in the last quarter. Quarry LP boosted its stake in Plymouth Industrial REIT by 74.1% in the fourth quarter. Quarry LP now owns 3,191 shares of the company's stock worth $57,000 after buying an additional 1,358 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its stake in Plymouth Industrial REIT by 79.9% in the first quarter. Copeland Capital Management LLC now owns 3,509 shares of the company's stock worth $57,000 after buying an additional 1,558 shares in the last quarter. 92.67% of the stock is currently owned by 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.