Plymouth Industrial REIT (PLYM) Scheduled to Post Quarterly Earnings on Wednesday

Plymouth Industrial REIT (NYSE:PLYM) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Plymouth Industrial REIT to post earnings of $0.47 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Plymouth Industrial REIT Price Performance

Plymouth Industrial REIT stock opened at $20.76 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market capitalization of $942.09 million, a PE ratio of 109.26, a price-to-earnings-growth ratio of 1.55 and a beta of 1.36. Plymouth Industrial REIT has a one year low of $19.21 and a one year high of $25.55. The business has a 50 day simple moving average of $21.54 and a 200 day simple moving average of $21.99.

Plymouth Industrial REIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Wednesday, March 27th. This is an increase from Plymouth Industrial REIT’s previous quarterly dividend of $0.23. Plymouth Industrial REIT’s dividend payout ratio (DPR) is 505.26%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Pendleton P. White bought 4,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $21.58 per share, with a total value of $86,320.00. Following the purchase, the director now owns 4,000 shares of the company’s stock, valued at $86,320. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

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.