Plymouth Industrial REIT (PLYM) Stock Price, News & Analysis

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plymouth Industrial REIT in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PLYM shares.
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6 Wall Street research analysts have issued 1 year target prices for Plymouth Industrial REIT's stock. Their PLYM share price targets range from $22.00 to $27.00. On average, they anticipate the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 24.6% from the stock's current price.
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Plymouth Industrial REIT's stock was trading at $24.07 at the beginning of the year. Since then, PLYM shares have decreased by 16.7% and is now trading at $20.06.
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Plymouth Industrial REIT saw a increase in short interest in March. As of March 31st, there was short interest totaling 1,230,000 shares, an increase of 49.1% from the March 15th total of 825,000 shares. Based on an average daily volume of 237,000 shares, the days-to-cover ratio is currently 5.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our PLYM earnings forecast.

Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its earnings results on Friday, November, 5th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.06. Plymouth Industrial REIT had a trailing twelve-month return on equity of 2.84% and a net margin of 6.75%. During the same period in the previous year, the business posted $0.42 earnings per share.

Plymouth Industrial REIT announced a quarterly dividend on Wednesday, February 21st. Stockholders of record on Thursday, March 28th will be given a dividend of $0.24 per share on Tuesday, April 30th. This represents a $0.96 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for PLYM.

Plymouth Industrial REIT (NYSE:PLYM) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.74%. PLYM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 505.26%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PLYM will have a dividend payout ratio of 47.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PLYM.

ETFs with the largest weight of Plymouth Industrial REIT (NYSE:PLYM) stock in their portfolio include ALPS REIT Dividend Dogs ETF (RDOG) and Sound Enhanced Fixed Income ETF (FXED).Sound Enhanced Fixed Income ETF (SDEF).

Plymouth Industrial REIT updated its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of 1.880-1.920 for the period, compared to the consensus estimate of 1.930. The company issued revenue guidance of -.

Plymouth Industrial REIT (PLYM) raised $76 million in an initial public offering on Friday, June 9th 2017. The company issued 3,800,000 shares at a price of $19.00-$21.00 per share. D.A. Davidson, BB&T Capital Markets and Oppenheimer served as the underwriters for the IPO and Janney Montgomery Scott, National Securities Corporation and Wedbush Securities were co-managers.

Plymouth Industrial REIT's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.54%), Sound Income Strategies LLC (0.12%), Pensionfund Sabic (0.10%) and Sumitomo Mitsui Trust Holdings Inc. (0.09%).
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Shares of PLYM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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