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

Plymouth Industrial REIT, Inc. (NYSE:PLYM) has earned an average rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.89.

PLYM has been the topic of a number of recent research reports. Barclays cut their price target on Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday. BNP Paribas lowered 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 report on Friday, November 8th. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 target price on shares of Plymouth Industrial REIT in a research note on Wednesday, August 28th. 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 report on Monday, August 5th. Finally, BMO Capital Markets reduced their target price on 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.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PLYM. Quarry LP increased its holdings in shares of Plymouth Industrial REIT by 88.4% in 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 period. Copeland Capital Management LLC purchased a new stake in Plymouth Industrial REIT during the 3rd quarter valued at about $43,000. Loomis Sayles & Co. L P increased its holdings in shares of Plymouth Industrial REIT by 3,130.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company’s stock worth $45,000 after purchasing an additional 1,941 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Plymouth Industrial REIT in the 3rd quarter worth approximately $46,000. Finally, EntryPoint Capital LLC raised its position in Plymouth Industrial REIT by 33.9% in the first quarter. EntryPoint Capital LLC now owns 4,997 shares of the company’s stock worth $112,000 after acquiring an additional 1,266 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Plymouth Industrial REIT Price Performance

Plymouth Industrial REIT stock opened at $18.86 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $856.08 million, a P/E ratio of 943.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.37. Plymouth Industrial REIT has a 52 week low of $18.08 and a 52 week high of $25.55. The stock has a fifty day moving average of $21.20 and a 200-day moving average of $21.91.

Plymouth Industrial REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.09%. The ex-dividend date was Monday, September 30th. Plymouth Industrial REIT’s dividend payout ratio is presently 4,800.00%.

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.