Plymouth Industrial REIT (PLYM) to Release Earnings on Wednesday

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

Plymouth Industrial REIT Stock Down 0.6 %

NYSE PLYM opened at $20.20 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.49. Plymouth Industrial REIT has a 52 week low of $19.84 and a 52 week high of $25.55. The firm has a market capitalization of $917.00 million, a price-to-earnings ratio of 37.41, a PEG ratio of 1.54 and a beta of 1.37. The company has a fifty day moving average of $22.28 and a two-hundred day moving average of $22.03.

Plymouth Industrial REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.75%. Plymouth Industrial REIT’s dividend payout ratio is presently 177.78%.

Analyst Ratings Changes

Several brokerages have issued reports on PLYM. BMO Capital Markets decreased their price objective on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating for the company in a research note on Wednesday, August 28th. JPMorgan Chase & Co. dropped their price objective on Plymouth Industrial REIT from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Truist Financial increased their target price on Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. B. Riley boosted their target price 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. Finally, Wedbush raised their price target on shares of Plymouth Industrial REIT from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.57.

Insider Transactions at Plymouth Industrial REIT

In related news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of Plymouth Industrial REIT stock in a transaction dated 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 sale, the insider now directly owns 4,474,292 shares in the company, valued at $105,503,805.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.40% 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.