Plymouth Industrial REIT, Inc. (NYSE:PLYM – Get Free Report) has been assigned a consensus rating of “Hold” from the nine research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $24.33.
Several research analysts have commented on the company. Barclays cut their price objective on Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. BNP Paribas lowered Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research report on Friday, November 8th. Robert W. Baird lowered their price objective on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Finally, Truist Financial dropped their price objective on shares of Plymouth Industrial REIT from $27.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, November 29th.
Read Our Latest Stock Analysis on PLYM
Insider Buying and Selling at Plymouth Industrial REIT
Institutional Trading of Plymouth Industrial REIT
Several institutional investors have recently added to or reduced their stakes in PLYM. Jennison Associates LLC boosted its holdings in shares of Plymouth Industrial REIT by 4.1% in the 3rd quarter. Jennison Associates LLC now owns 4,401,384 shares of the company’s stock valued at $99,471,000 after buying an additional 174,836 shares during the period. Westwood Holdings Group Inc. boosted its stake in Plymouth Industrial REIT by 1.0% in the second quarter. Westwood Holdings Group Inc. now owns 2,964,075 shares of the company’s stock valued at $63,372,000 after acquiring an additional 28,272 shares during the period. State Street Corp grew its holdings in shares of Plymouth Industrial REIT by 1.4% during the third quarter. State Street Corp now owns 1,223,747 shares of the company’s stock valued at $27,949,000 after purchasing an additional 16,398 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Plymouth Industrial REIT by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,047,832 shares of the company’s stock worth $23,685,000 after purchasing an additional 29,924 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Plymouth Industrial REIT by 24.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 910,751 shares of the company’s stock worth $20,583,000 after purchasing an additional 180,003 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.
Plymouth Industrial REIT Stock Performance
NYSE:PLYM opened at $16.56 on Friday. The firm’s fifty day simple moving average is $18.58 and its 200 day simple moving average is $21.23. 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 has a twelve month low of $16.37 and a twelve month high of $24.71. The firm has a market capitalization of $751.64 million, a price-to-earnings ratio of 828.00, a PEG ratio of 1.47 and a beta of 1.34.
Plymouth Industrial REIT Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.24 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 5.80%. Plymouth Industrial REIT’s dividend payout ratio is presently 4,800.00%.
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.
Read More
- Five stocks we like better than Plymouth Industrial REIT
- Investing in Commodities: What Are They? How to Invest in Them
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- How to Use Stock Screeners to Find Stocks
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
Receive News & Ratings for Plymouth Industrial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plymouth Industrial REIT and related companies with MarketBeat.com's FREE daily email newsletter.