Plymouth Industrial Reit Inc Forecasted to Post FY2019 Earnings of $1.97 Per Share (NYSEAMERICAN:PLYM)

Plymouth Industrial Reit Inc (NYSEAMERICAN:PLYM) – Stock analysts at Wedbush dropped their FY2019 earnings per share estimates for Plymouth Industrial Reit in a research note issued on Wednesday, November 13th. Wedbush analyst H. Coffey now expects that the company will post earnings of $1.97 per share for the year, down from their prior estimate of $2.15. Wedbush also issued estimates for Plymouth Industrial Reit’s Q4 2019 earnings at $0.48 EPS, Q1 2020 earnings at $0.46 EPS, Q2 2020 earnings at $0.49 EPS, Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.53 EPS, FY2020 earnings at $2.00 EPS and FY2021 earnings at $2.10 EPS.

Separately, Zacks Investment Research lowered Plymouth Industrial Reit from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

Shares of NYSEAMERICAN:PLYM opened at $17.65 on Friday. Plymouth Industrial Reit has a 1 year low of $11.16 and a 1 year high of $20.00.

The company also recently declared a — dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a $0.375 dividend. This represents a dividend yield of 8.1%. The ex-dividend date of this dividend was Friday, September 27th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Plymouth Industrial Reit by 1,064.1% during the second quarter. BlackRock Inc. now owns 550,886 shares of the company’s stock worth $10,433,000 after buying an additional 503,564 shares during the last quarter. Vanguard Group Inc. boosted its stake in Plymouth Industrial Reit by 142.1% during the second quarter. Vanguard Group Inc. now owns 538,965 shares of the company’s stock worth $10,208,000 after buying an additional 316,378 shares during the last quarter. LDR Capital Management LLC boosted its stake in Plymouth Industrial Reit by 163.6% during the third quarter. LDR Capital Management LLC now owns 508,380 shares of the company’s stock worth $9,314,000 after buying an additional 315,504 shares during the last quarter. Madison International Realty Holdings LLC acquired a new position in Plymouth Industrial Reit during the second quarter worth $7,681,000. Finally, Monashee Investment Management LLC acquired a new position in Plymouth Industrial Reit during the second quarter worth $7,553,000.

Plymouth Industrial Reit Company Profile

Plymouth Industrial REIT, Inc is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.

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Earnings History and Estimates for Plymouth Industrial Reit (NYSEAMERICAN:PLYM)

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