Plymouth Industrial REIT (PLYM) Expected to Announce Quarterly Earnings on Wednesday

Plymouth Industrial REIT (NYSE:PLYM) is expected to 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 interested in listening to the company’s conference call can do so using this link.

Plymouth Industrial REIT Trading Up 1.1 %

Plymouth Industrial REIT stock opened at $16.63 on Wednesday. The firm has a market cap of $754.91 million, a price-to-earnings ratio of 831.60 and a beta of 1.33. Plymouth Industrial REIT has a 1 year low of $16.25 and a 1 year high of $24.71. The firm’s 50 day moving average price is $17.48 and its two-hundred day moving average price is $20.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12.

Plymouth Industrial REIT Announces Dividend

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

Insider Buying and Selling at Plymouth Industrial REIT

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

Wall Street Analyst Weigh In

PLYM has been the subject of a number of recent analyst reports. Barclays dropped 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, November 18th. JMP Securities reiterated a “market outperform” rating and issued a $27.00 target price on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased 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 note on Tuesday, January 14th. Truist Financial lowered shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Robert W. Baird decreased their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.89.

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.