Plymouth Industrial REIT, Inc. (NYSE:PLYM – Get Rating) – Equities research analysts at KeyCorp issued their Q1 2022 EPS estimates for shares of Plymouth Industrial REIT in a research report issued to clients and investors on Wednesday, April 20th. KeyCorp analyst T. Thomas forecasts that the company will post earnings per share of $0.41 for the quarter. KeyCorp also issued estimates for Plymouth Industrial REIT’s Q2 2022 earnings at $0.46 EPS, Q3 2022 earnings at $0.48 EPS, Q4 2022 earnings at $0.47 EPS, FY2022 earnings at $1.82 EPS, Q1 2023 earnings at $0.45 EPS, Q2 2023 earnings at $0.47 EPS, Q3 2023 earnings at $0.49 EPS, Q4 2023 earnings at $0.49 EPS and FY2023 earnings at $1.90 EPS.
A number of other equities research analysts also recently commented on PLYM. B. Riley assumed coverage on Plymouth Industrial REIT in a research report on Wednesday, March 2nd. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Plymouth Industrial REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. JMP Securities upped their price objective on Plymouth Industrial REIT from $26.00 to $32.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 12th. Truist Financial initiated coverage on Plymouth Industrial REIT in a research report on Thursday, January 27th. They set a “buy” rating and a $31.00 price objective on the stock. Finally, BMO Capital Markets initiated coverage on Plymouth Industrial REIT in a research report on Monday, February 7th. They set a “market perform” rating and a $30.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $30.50.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Thursday, March 31st will be paid a dividend of $0.22 per share. This is a boost from Plymouth Industrial REIT’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, March 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.46%. Plymouth Industrial REIT’s dividend payout ratio is currently -93.62%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new position in Plymouth Industrial REIT in the fourth quarter worth approximately $25,000. Dorsey Wright & Associates bought a new position in Plymouth Industrial REIT in the fourth quarter worth approximately $69,000. NEXT Financial Group Inc grew its stake in Plymouth Industrial REIT by 21.0% in the fourth quarter. NEXT Financial Group Inc now owns 2,598 shares of the company’s stock worth $84,000 after purchasing an additional 451 shares in the last quarter. Point72 Hong Kong Ltd grew its stake in Plymouth Industrial REIT by 443.8% in the fourth quarter. Point72 Hong Kong Ltd now owns 3,703 shares of the company’s stock worth $118,000 after purchasing an additional 3,022 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Plymouth Industrial REIT in the fourth quarter worth approximately $167,000. 83.44% of the stock is currently owned by hedge funds and other institutional investors.
About Plymouth Industrial REIT (Get Rating)
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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