Plymouth Industrial REIT (NYSE:PLYM – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.880-1.900 for the period, compared to the consensus EPS estimate of 1.890. The company issued revenue guidance of -.
Plymouth Industrial REIT Stock Performance
Shares of PLYM opened at $22.98 on Thursday. Plymouth Industrial REIT has a 52-week low of $19.21 and a 52-week high of $25.55. The firm has a market capitalization of $1.04 billion, a PE ratio of 53.44, a P/E/G ratio of 1.73 and a beta of 1.36. The firm has a 50-day moving average price of $23.58 and a 200 day moving average price of $22.03. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.24 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 4.18%. Plymouth Industrial REIT’s dividend payout ratio (DPR) is 223.26%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Plymouth Industrial REIT
Insider Buying and Selling
In related news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of the firm’s stock in a transaction 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 $105,503,805.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.
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.
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