Brokerages Set Plymouth Industrial REIT, Inc. (NYSE:PLYM) PT at $25.00

Plymouth Industrial REIT, Inc. (NYSE:PLYM) has been given an average rating of “Hold” by the five analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.00.

A number of equities analysts recently issued reports on the company. Barclays initiated coverage on Plymouth Industrial REIT in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $22.00 price objective for the company. Truist Financial lowered their price target on Plymouth Industrial REIT from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, February 29th.

Insider Buying and Selling

In other news, Director Pendleton P. White purchased 4,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of $21.58 per share, for a total transaction of $86,320.00. Following the transaction, the director now owns 4,000 shares in the company, valued at $86,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of Plymouth Industrial REIT

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC grew its position in Plymouth Industrial REIT by 5.8% in 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. B. Riley Wealth Advisors Inc. boosted its stake in shares of Plymouth Industrial REIT by 2.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,192 shares of the company’s stock worth $470,000 after acquiring an additional 490 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Plymouth Industrial REIT by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,008 shares of the company’s stock worth $293,000 after acquiring an additional 1,892 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of Plymouth Industrial REIT by 10.8% during the first quarter. Westwood Holdings Group Inc. now owns 2,935,803 shares of the company’s stock worth $66,056,000 after purchasing an additional 286,434 shares during the period. Finally, EntryPoint Capital LLC lifted its holdings in shares of Plymouth Industrial REIT by 33.9% during the first quarter. EntryPoint Capital LLC now owns 4,997 shares of the company’s stock valued at $112,000 after purchasing an additional 1,266 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Plymouth Industrial REIT Stock Performance

PLYM stock opened at $20.96 on Thursday. The stock’s fifty day moving average is $21.22 and its two-hundred day moving average is $22.05. The stock has a market capitalization of $951.16 million, a price-to-earnings ratio of 48.74, a PEG ratio of 1.58 and a beta of 1.35. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.12 and a current ratio of 0.12. Plymouth Industrial REIT has a 1 year low of $19.21 and a 1 year high of $25.55.

Plymouth Industrial REIT (NYSE:PLYM) last posted its earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.33). Plymouth Industrial REIT had a net margin of 11.42% and a return on equity of 4.74%. The firm had revenue of $50.23 million for the quarter, compared to analyst estimates of $50.73 million. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, research analysts predict that Plymouth Industrial REIT will post 1.9 EPS for the current year.

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.