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

Plymouth Industrial REIT (NYSE:PLYM) will likely be announcing its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $51.06 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Plymouth Industrial REIT Trading Up 1.1 %

NYSE PLYM opened at $16.63 on Wednesday. Plymouth Industrial REIT has a 12 month low of $16.25 and a 12 month high of $24.71. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12. The company has a 50-day moving average of $17.48 and a 200-day moving average of $20.32. The company has a market cap of $754.91 million, a P/E ratio of 831.60 and a beta of 1.33.

Plymouth Industrial REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend was Tuesday, December 31st. Plymouth Industrial REIT’s dividend payout ratio (DPR) is 4,800.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PLYM. Robert W. Baird dropped their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Truist Financial lowered shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. BNP Paribas downgraded shares of 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. Finally, JMP Securities reiterated a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $23.89.

Insider Activity at Plymouth Industrial REIT

In other Plymouth Industrial REIT news, CEO Jeffrey E. Witherell bought 2,000 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $18.49 per share, for a total transaction of $36,980.00. Following the completion of the purchase, the chief executive officer now directly owns 252,248 shares of the company’s stock, valued at approximately $4,664,065.52. The trade was a 0.80 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Pendleton P. Jr. White acquired 5,000 shares of the stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $18.39 per share, with a total value of $91,950.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $91,950. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.40% 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.