Barclays Issues Pessimistic Forecast for Plymouth Industrial REIT (NYSE:PLYM) Stock Price

Plymouth Industrial REIT (NYSE:PLYM) had its price objective dropped by analysts at Barclays from $25.00 to $22.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 14.05% from the stock’s previous close.

PLYM has been the subject of a number of other research reports. BMO Capital Markets reduced their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating for the company in a research report on Wednesday, August 28th. JMP Securities restated a “market outperform” rating and set a $27.00 price objective on shares of Plymouth Industrial REIT in a research report on Wednesday, August 28th. BNP Paribas downgraded Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research note on Friday, November 8th. B. Riley lifted their target price on Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Truist Financial lifted their target price on Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Plymouth Industrial REIT currently has an average rating of “Hold” and an average price target of $24.89.

Plymouth Industrial REIT Trading Up 5.0 %

NYSE:PLYM opened at $19.29 on Monday. Plymouth Industrial REIT has a 12-month low of $18.29 and a 12-month high of $25.55. The firm has a market capitalization of $875.57 million, a P/E ratio of 964.50, a P/E/G ratio of 1.43 and a beta of 1.37. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.16. The business has a 50 day simple moving average of $21.54 and a 200 day simple moving average of $21.98.

Institutional Trading of Plymouth Industrial REIT

A number of hedge funds and other institutional investors have recently modified their holdings of PLYM. Quarry LP raised its stake in shares of Plymouth Industrial REIT by 88.4% in the 3rd quarter. Quarry LP now owns 1,833 shares of the company’s stock worth $41,000 after buying an additional 860 shares in the last quarter. Copeland Capital Management LLC bought a new stake in shares of Plymouth Industrial REIT in the 3rd quarter worth $43,000. Loomis Sayles & Co. L P raised its stake in shares of Plymouth Industrial REIT by 3,130.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company’s stock worth $45,000 after buying an additional 1,941 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Plymouth Industrial REIT during the third quarter worth $46,000. Finally, EntryPoint Capital LLC raised its position in shares of Plymouth Industrial REIT by 33.9% during the first quarter. EntryPoint Capital LLC now owns 4,997 shares of the company’s stock worth $112,000 after purchasing an additional 1,266 shares during the period. Institutional investors own 92.67% of the company’s stock.

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.