Analysts Set Plymouth Industrial REIT, Inc. (NYSE:PLYM) Price Target at $25.22

Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) have received an average recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $25.22.

Several equities analysts have recently commented on the stock. Truist Financial boosted their price target on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Wedbush boosted their price target on shares of Plymouth Industrial REIT from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, August 5th. JMP Securities reiterated a “market outperform” rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a report on Wednesday, August 28th. Robert W. Baird decreased 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 report on Tuesday, November 12th. Finally, B. Riley upped their price objective on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, August 5th.

Plymouth Industrial REIT Trading Down 1.3 %

Plymouth Industrial REIT stock opened at $18.38 on Friday. The company’s fifty day simple moving average is $21.54 and its 200-day simple moving average is $21.98. The company has a quick ratio of 0.16, a current ratio of 0.12 and a debt-to-equity ratio of 1.42. Plymouth Industrial REIT has a 12 month low of $18.29 and a 12 month high of $25.55. The stock has a market cap of $834.27 million, a P/E ratio of 919.00, a P/E/G ratio of 1.43 and a beta of 1.37.

Plymouth Industrial REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was Monday, September 30th. Plymouth Industrial REIT’s dividend payout ratio is currently 4,800.00%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. grew its stake in Plymouth Industrial REIT by 2.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 22,192 shares of the company’s stock worth $470,000 after buying an additional 490 shares during the last quarter. American International Group Inc. grew its stake in Plymouth Industrial REIT by 2.5% during the first quarter. American International Group Inc. now owns 22,508 shares of the company’s stock worth $506,000 after buying an additional 544 shares during the last quarter. Quarry LP grew its stake in Plymouth Industrial REIT by 88.4% during the third quarter. Quarry LP now owns 1,833 shares of the company’s stock worth $41,000 after buying an additional 860 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Plymouth Industrial REIT by 1.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 47,100 shares of the company’s stock worth $1,064,000 after buying an additional 900 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in Plymouth Industrial REIT by 5.8% during the first quarter. Tidal Investments LLC now owns 19,915 shares of the company’s stock worth $448,000 after buying an additional 1,088 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

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.