Plymouth Industrial REIT (NYSE:PLYM – Get Free Report) had its price target lifted by analysts at Barclays from $22.00 to $25.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 6.29% from the stock’s current price.
A number of other equities analysts have also weighed in on PLYM. B. Riley boosted their price objective on Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Truist Financial increased their price target on shares of Plymouth Industrial REIT from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday. Wedbush lifted their price target on shares of Plymouth Industrial REIT from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Plymouth Industrial REIT from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.50.
Get Our Latest Analysis on Plymouth Industrial REIT
Plymouth Industrial REIT Price Performance
Hedge Funds Weigh In On Plymouth Industrial REIT
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its position in shares of Plymouth Industrial REIT by 2,306.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,155 shares of the company’s stock valued at $28,000 after purchasing an additional 1,107 shares during the last quarter. Signaturefd LLC raised its position in Plymouth Industrial REIT by 40.8% in the 4th quarter. Signaturefd LLC now owns 1,731 shares of the company’s stock valued at $42,000 after purchasing an additional 502 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Plymouth Industrial REIT by 77.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,751 shares of the company’s stock worth $42,000 after purchasing an additional 764 shares during the period. Federated Hermes Inc. grew its position in Plymouth Industrial REIT by 774.4% during the 4th quarter. Federated Hermes Inc. now owns 1,845 shares of the company’s stock worth $44,000 after purchasing an additional 1,634 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new position in Plymouth Industrial REIT in the first quarter valued at $89,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Plymouth Industrial REIT
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Serve Robotics Is Serving Up a Selling Opportunity
- How to Read Stock Charts for Beginners
- Defying the Market: 3 Mega-Cap Stocks Soaring to New Highs
- Are Penny Stocks a Good Fit for Your Portfolio?
- Microsoft Stock: Is Now The Time To Be Greedy?
Receive News & Ratings for Plymouth Industrial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plymouth Industrial REIT and related companies with MarketBeat.com's FREE daily email newsletter.