Plymouth Industrial REIT (PLYM) to Release Quarterly Earnings on Wednesday

Plymouth Industrial REIT (NYSE:PLYM) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect Plymouth Industrial REIT to post earnings of $0.48 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Plymouth Industrial REIT Trading Down 0.4 %

Shares of PLYM traded down $0.09 during mid-day trading on Tuesday, reaching $20.10. The stock had a trading volume of 76,255 shares, compared to its average volume of 244,223. The business’s fifty day moving average is $22.19 and its 200 day moving average is $22.03. Plymouth Industrial REIT has a 52-week low of $19.84 and a 52-week high of $25.55. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $912.54 million, a price-to-earnings ratio of 37.39, a P/E/G ratio of 1.53 and a beta of 1.37.

Plymouth Industrial REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend was Monday, September 30th. Plymouth Industrial REIT’s dividend payout ratio (DPR) is 177.78%.

Insiders Place Their Bets

In other news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.58, for a total value of $13,285,868.04. Following the completion of the transaction, the insider now directly owns 4,474,292 shares of the company’s stock, valued at approximately $105,503,805.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

PLYM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Plymouth Industrial REIT from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Wedbush increased their target price on Plymouth Industrial REIT from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, August 5th. BMO Capital Markets cut their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Barclays upped their price target on shares of Plymouth Industrial REIT from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. Finally, B. Riley lifted their price objective on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.57.

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.