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

Plymouth Industrial REIT (NYSE:PLYM) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Plymouth Industrial REIT to post earnings of $0.46 per share and revenue of $50.81 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Plymouth Industrial REIT Stock Up 0.6 %

Shares of NYSE:PLYM opened at $16.66 on Monday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. Plymouth Industrial REIT has a 12 month low of $16.20 and a 12 month high of $24.71. The company has a 50-day moving average price of $17.35 and a 200 day moving average price of $20.16. The company has a market cap of $755.95 million, a price-to-earnings ratio of 832.75 and a beta of 1.33.

Plymouth Industrial REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend was Tuesday, December 31st. Plymouth Industrial REIT’s payout ratio is 4,800.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays lowered their price target on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Robert W. Baird lowered their price target on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. Finally, Truist Financial downgraded shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.