Should I buy or sell Plymouth Industrial REIT stock right now?

6 Wall Street 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 analysts is that investors should "moderate buy" PLYM shares. View PLYM analyst ratings or view top-rated stocks .

What is Plymouth Industrial REIT's stock price target for 2024?

6 Wall Street research analysts have issued 1 year price targets for Plymouth Industrial REIT's shares. Their PLYM share price targets range from $22.00 to $27.00. On average, they anticipate the company's share price to reach $25.00 in the next year. This suggests a possible upside of 24.6% from the stock's current price. View analysts price targets for PLYM or view top-rated stocks among Wall Street analysts .

How have PLYM shares performed in 2024?

Plymouth Industrial REIT's stock was trading at $24.07 at the start of the year. Since then, PLYM stock has decreased by 16.7% and is now trading at $20.06. View the best growth stocks for 2024 here .

Are investors shorting Plymouth Industrial REIT?

Plymouth Industrial REIT saw a increase in short interest during the month of 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 trading volume, of 237,000 shares, the days-to-cover ratio is currently 5.2 days. View Plymouth Industrial REIT's Short Interest .

When is Plymouth Industrial REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our PLYM earnings forecast .

How were Plymouth Industrial REIT's earnings last quarter?

Plymouth Industrial REIT, Inc. (NYSE:PLYM) issued its quarterly earnings results on Friday, November, 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the business posted $0.42 earnings per share.

How often does Plymouth Industrial REIT pay dividends? What is the dividend yield for Plymouth Industrial REIT?

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

Is Plymouth Industrial REIT a good dividend stock?

Plymouth Industrial REIT (NYSE:PLYM) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.68%. 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 .

What ETFs hold Plymouth Industrial REIT's stock?

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) .

What guidance has Plymouth Industrial REIT issued on next quarter's earnings?

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

When did Plymouth Industrial REIT IPO?

Plymouth Industrial REIT (PLYM) raised $76 million in an initial public offering (IPO) on Friday, June 9th 2017. The company issued 3,800,000 shares at $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.

Who are Plymouth Industrial REIT's major shareholders?

Plymouth Industrial REIT's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.54%), Sound Income Strategies LLC (0.12%) and Pensionfund Sabic (0.10%). View institutional ownership trends .

How do I buy shares of Plymouth Industrial REIT?

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. Compare Top Brokerages Here .

NYSE:PLYM

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

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$20.06

-0.18 (-0.89%)

(As of 04/18/2024 ET)

Compare

Today's Range: $19.84
▼
$20.44
50-Day Range: $20.06
▼
$22.50
52-Week Range: $19.21
▼
$25.55

Volume: 384,663 shs
Average Volume: 242,727 shs
Market Capitalization: $910.32 million

P/E Ratio: 105.58
Dividend Yield: 4.79%
Price Target: $25.00

Get Plymouth Industrial REIT alerts:

Plymouth Industrial REIT MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 24.6% Upside
$25.00 Price Target
Short Interest: Bearish
2.71% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$86,320 Bought Last Quarter
Proj. Earnings Growth: 6.81%
From $1.91 to $2.04 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.32 out of 5 stars

Finance Sector

448th out of 822 stocks

Real Estate Investment Trusts Industry

92nd out of 176 stocks

2.3

Analyst's Opinion

Consensus Rating
Plymouth Industrial REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 1 hold rating, and 1 sell rating.
Amount of Analyst Coverage
Plymouth Industrial REIT has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.71% of the outstanding shares of Plymouth Industrial REIT have been sold short.
Short Interest Ratio / Days to Cover
Plymouth Industrial REIT has a short interest ratio ("days to cover") of 5.2.
Change versus previous month
Short interest in Plymouth Industrial REIT has recently increased by 49.09%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Plymouth Industrial REIT is a leading dividend payer. It pays a dividend yield of 4.68%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Plymouth Industrial REIT has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Plymouth Industrial REIT is 505.26%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Plymouth Industrial REIT will have a dividend payout ratio of 47.06% next year. This indicates that Plymouth Industrial REIT will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PLYM.

N/A

News and Social Media Coverage

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Plymouth Industrial REIT insiders have bought more of their company's stock than they have sold. Specifically, they have bought $86,320.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.30% of the stock of Plymouth Industrial REIT is held by insiders.
Percentage Held by Institutions
92.67% of the stock of Plymouth Industrial REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Plymouth Industrial REIT are expected to grow by 6.81% in the coming year, from $1.91 to $2.04 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Plymouth Industrial REIT is 105.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Plymouth Industrial REIT is 105.58, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 62.67.
Price to Earnings Growth Ratio
Plymouth Industrial REIT has a PEG Ratio of 1.53. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Plymouth Industrial REIT has a P/B Ratio of 1.86. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Plymouth Industrial REIT Stock (NYSE:PLYM)

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.

PLYM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PLYM Stock News Headlines

March 19, 2024 | insidertrades.com

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Director Purchases $86,320.00 in Stock

April 7, 2024 | markets.businessinsider.com

Plymouth Industrial Reit: Balancing Robust Leasing Activity with Lease Expiration Risks

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April 4, 2024 | forbes.com

The Game-Changing Power Of Building Your Strengths

April 2, 2024 | finanznachrichten.de

Plymouth Industrial REIT Inc.: Plymouth Industrial REIT Provides Activity Update for First Quarter 2024

April 2, 2024 | msn.com

These Top REITs Have Yields Over 4.5% and Track Records of Dividend Growth

April 2, 2024 | globenewswire.com

Plymouth Industrial REIT Provides Activity Update for First Quarter 2024

April 1, 2024 | msn.com

Buy These Top Industrial REITs for Their Yields and Track Records of Dividend Growth

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March 26, 2024 | msn.com

Plymouth Industrial REIT goes ex-dividend tomorrow

March 16, 2024 | msn.com

How specialised REITs can transform Zim economy

March 15, 2024 | seekingalpha.com

3 Closed-End Fund (Plus An ETF) Buys In The Month Of February 2024

March 14, 2024 | seekingalpha.com

Plymouth Industrial: Good Time To Accumulate This Undervalued REIT

March 11, 2024 | globenewswire.com

Plymouth Industrial REIT Development Projects in Jacksonville Earn Green Globes® Certification for Core & Shell Construction

March 8, 2024 | markets.businessinsider.com

Analysts’ Top Real Estate Picks: Net Lease Office Properties (NLOP), Plymouth Industrial Reit (PLYM)

March 7, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Real Estate Companies: Whitestone REIT (WSR) and Pebblebrook Hotel (PEB)

March 7, 2024 | markets.businessinsider.com

Analysts Are Bullish on These Real Estate Stocks: Whitestone REIT (WSR), Invitation Homes (INVH)

March 4, 2024 | edition.cnn.com

Plymouth Industrial REIT, Inc.

February 23, 2024 | msn.com

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q4 2023 Earnings Call Transcript

February 22, 2024 | finance.yahoo.com

Q4 2023 Plymouth Industrial REIT Inc Earnings Call

February 22, 2024 | finance.yahoo.com

Plymouth Industrial REIT (PLYM) Q4 2023 Earnings Call Transcript

February 22, 2024 | msn.com

These REITs Just Hiked Their Dividends - Again

February 22, 2024 | finanznachrichten.de

Plymouth Industrial REIT Inc.: Plymouth Industrial REIT Reports Fourth Quarter Results

February 22, 2024 | finance.yahoo.com

Plymouth Industrial (PLYM) Q4 FFO Match Estimates

February 22, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Plymouth Industrial REIT: Strategic Positioning and Strong Financial Performance Drive Positive Outlook

February 21, 2024 | finance.yahoo.com

Plymouth Industrial REIT Inc (PLYM) Reports Strong Earnings Growth and Increased Dividends

February 21, 2024 | finance.yahoo.com

Plymouth Industrial REIT Reports Fourth Quarter Results

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Company Calendar

Last Earnings: 11/05/2021
Ex-Dividend for 1/31 Dividend: 12/28/2023
Dividend Payable: 1/31/2024
Ex-Dividend for 4/30 Dividend: 3/27/2024
Today: 4/18/2024
Dividend Payable: 4/30/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: N/A
Current Symbol: NYSE:PLYM
CUSIP: N/A
CIK: 1515816
Web: www.plymouthreit.com
Phone: (617) 340-3814
Fax: N/A
Employees: 43
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $25.00
High Stock Price Target: $27.00
Low Stock Price Target: $22.00
Potential Upside/Downside: +24.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.19
Trailing P/E Ratio: 105.58
Forward P/E Ratio: 10.50
P/E Growth: 1.53
Net Income: $13.66 million
Net Margins: 6.75%
Pretax Margin: 6.91%
Return on Equity: 2.84%
Return on Assets: 0.91%

Debt

Debt-to-Equity Ratio: 1.47
Current Ratio: 0.11
Quick Ratio: 0.11

Sales & Book Value

Annual Sales: $199.85 million
Price / Sales: 4.56
Cash Flow: $2.30 per share
Price / Cash Flow: 8.72
Book Value: $10.79 per share
Price / Book: 1.86

Miscellaneous

Outstanding Shares: 45,380,000
Free Float: 44,792,000
Market Cap: $910.32 million
Optionable: Optionable
Beta: 1.36

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Key Executives

Mr. Jeffrey Earle Witherell (Age 59)
Co-Founder, Chairman & CEO
Comp: $1.46M
Mr. Anthony J. Saladino (Age 50)
Executive VP & CFO
Comp: $856.14k
Mr. James M. Connolly (Age 61)
Executive Vice President of Asset Management
Comp: $576.25k
Mr. Lyndon J. Blakesley
Senior VP & Chief Accounting Officer
Ms. Anne Alger Hayward Esq. (Age 72)
Senior VP, General Counsel & Secretary
Mr. Scott L. Robinson (Age 54)
Senior Vice President of Corporate Development
Mr. Benjamin P. Coues
Senior VP & Head of Acquisitions
Mr. Daniel Heffernan
Senior Vice President of Asset Management

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PLYM Stock Analysis - Frequently Asked Questions

Should I buy or sell Plymouth Industrial REIT stock right now?: 6 Wall Street 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 analysts is that investors should "moderate buy" PLYM shares.
View PLYM analyst ratings or view top-rated stocks.
What is Plymouth Industrial REIT's stock price target for 2024?: 6 Wall Street research analysts have issued 1 year price targets for Plymouth Industrial REIT's shares. Their PLYM share price targets range from $22.00 to $27.00. On average, they anticipate the company's share price to reach $25.00 in the next year. This suggests a possible upside of 24.6% from the stock's current price.
View analysts price targets for PLYM or view top-rated stocks among Wall Street analysts.
How have PLYM shares performed in 2024?: Plymouth Industrial REIT's stock was trading at $24.07 at the start of the year. Since then, PLYM stock has decreased by 16.7% and is now trading at $20.06.
View the best growth stocks for 2024 here.
Are investors shorting Plymouth Industrial REIT?: Plymouth Industrial REIT saw a increase in short interest during the month of 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 trading volume, of 237,000 shares, the days-to-cover ratio is currently 5.2 days.
View Plymouth Industrial REIT's Short Interest.
When is Plymouth Industrial REIT's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our PLYM earnings forecast.
How were Plymouth Industrial REIT's earnings last quarter?: Plymouth Industrial REIT, Inc. (NYSE:PLYM) issued its quarterly earnings results on Friday, November, 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the business posted $0.42 earnings per share.
How often does Plymouth Industrial REIT pay dividends? What is the dividend yield for Plymouth Industrial REIT?: Plymouth Industrial REIT announced a quarterly dividend on Wednesday, February 21st. Investors of record on Thursday, March 28th will be paid a dividend of $0.24 per share on Tuesday, April 30th. This represents a $0.96 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for PLYM.

Is Plymouth Industrial REIT a good dividend stock?: Plymouth Industrial REIT (NYSE:PLYM) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.68%. 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.
What ETFs hold Plymouth Industrial REIT's stock?: 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).
What guidance has Plymouth Industrial REIT issued on next quarter's earnings?: Plymouth Industrial REIT issued an update on its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided EPS guidance of 1.880-1.920 for the period, compared to the consensus EPS estimate of 1.930. The company issued revenue guidance of -.
When did Plymouth Industrial REIT IPO?: Plymouth Industrial REIT (PLYM) raised $76 million in an initial public offering (IPO) on Friday, June 9th 2017. The company issued 3,800,000 shares at $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.
Who are Plymouth Industrial REIT's major shareholders?: Plymouth Industrial REIT's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.54%), Sound Income Strategies LLC (0.12%) and Pensionfund Sabic (0.10%).
View institutional ownership trends.
How do I buy shares of Plymouth Industrial REIT?: 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.
Compare Top Brokerages Here.

This page (NYSE:PLYM) was last updated on 4/19/2024 by MarketBeat.com Staff

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

Plymouth Industrial REIT MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Company Ownership

Earnings and Valuation

About Plymouth Industrial REIT Stock (NYSE:PLYM)

PLYM Stock Price History

PLYM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PLYM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™