Plymouth Industrial REIT (PLYM) Set to Announce Earnings on Wednesday

Plymouth Industrial REIT (NYSE:PLYM) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Plymouth Industrial REIT to post earnings of $0.47 per share for the quarter.

Plymouth Industrial REIT Stock Down 0.2 %

Shares of NYSE:PLYM traded down $0.04 during midday trading on Wednesday, reaching $21.14. The company had a trading volume of 8,066 shares, compared to its average volume of 238,872. The stock’s fifty day moving average price is $21.63 and its 200-day moving average price is $22.00. Plymouth Industrial REIT has a one year low of $19.21 and a one year high of $25.55. The stock has a market capitalization of $959.33 million, a P/E ratio of 110.84, a PEG ratio of 1.55 and a beta of 1.36. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.11 and a quick ratio of 0.11.

Plymouth Industrial REIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.24 dividend. This is a positive change from Plymouth Industrial REIT’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, March 27th. Plymouth Industrial REIT’s dividend payout ratio is currently 505.26%.

Analyst Ratings Changes

PLYM has been the topic of several research analyst reports. Barclays assumed coverage on Plymouth Industrial REIT in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $22.00 price target on the stock. Truist Financial cut their price target on shares of Plymouth Industrial REIT from $26.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Finally, JMP Securities upgraded Plymouth Industrial REIT from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Insider Activity at Plymouth Industrial REIT

In other Plymouth Industrial REIT news, Director Pendleton P. White bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $21.58 per share, with a total value of $86,320.00. Following the acquisition, the director now owns 4,000 shares of the company’s stock, valued at $86,320. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.