Plymouth Industrial REIT, Inc. (NYSE:PLYM) Given Consensus Recommendation of “Hold” by Brokerages

Plymouth Industrial REIT, Inc. (NYSE:PLYM) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $23.89.

PLYM has been the subject of several recent research reports. Robert W. Baird cut their price target on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Truist Financial lowered Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Barclays lowered 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 note on Monday, November 18th. JPMorgan Chase & Co. lowered their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Finally, BNP Paribas lowered Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research note on Friday, November 8th.

Institutional Investors Weigh In On Plymouth Industrial REIT

A number of large investors have recently bought and sold shares of PLYM. Hennion & Walsh Asset Management Inc. bought a new stake in Plymouth Industrial REIT during the 3rd quarter worth approximately $202,000. Meixler Investment Management Ltd. bought a new stake in Plymouth Industrial REIT during the 3rd quarter worth approximately $482,000. GSA Capital Partners LLP bought a new stake in Plymouth Industrial REIT during the 3rd quarter worth approximately $393,000. Victory Capital Management Inc. grew its position in Plymouth Industrial REIT by 4.7% during the 3rd quarter. Victory Capital Management Inc. now owns 57,700 shares of the company’s stock worth $1,304,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Plymouth Industrial REIT by 6.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 455,092 shares of the company’s stock worth $10,285,000 after acquiring an additional 27,463 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Plymouth Industrial REIT Trading Down 0.8 %

Plymouth Industrial REIT stock opened at $16.44 on Friday. The business has a 50 day moving average price of $17.12 and a two-hundred day moving average price of $19.94. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42. The stock has a market cap of $745.98 million, a price-to-earnings ratio of 821.75 and a beta of 1.33. Plymouth Industrial REIT has a 12 month low of $16.20 and a 12 month high of $24.71.

Plymouth Industrial REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a yield of 5.84%. Plymouth Industrial REIT’s dividend payout ratio (DPR) 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.