Plymouth Industrial REIT (NYSE:PLYM – Get Rating) had its target price cut by equities research analysts at Truist Financial from $30.00 to $24.00 in a research note issued on Wednesday, The Fly reports. Truist Financial’s price target would indicate a potential upside of 17.65% from the company’s previous close.
A number of other equities research analysts have also weighed in on PLYM. JMP Securities lowered shares of Plymouth Industrial REIT from an “outperform” rating to a “market perform” rating in a report on Wednesday. Zacks Investment Research lowered shares of Plymouth Industrial REIT from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd. B. Riley reduced their price objective on shares of Plymouth Industrial REIT from $32.00 to $29.00 in a report on Thursday, May 12th. Finally, BMO Capital Markets initiated coverage on shares of Plymouth Industrial REIT in a report on Monday, February 7th. They issued a “market perform” rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $29.29.
PLYM stock traded down $0.93 during midday trading on Wednesday, hitting $20.40. The company’s stock had a trading volume of 1,685 shares, compared to its average volume of 387,178. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.84. Plymouth Industrial REIT has a 52-week low of $19.03 and a 52-week high of $32.37. The firm has a market capitalization of $818.45 million, a P/E ratio of -22.42, a PEG ratio of 1.66 and a beta of 1.26. The firm has a 50-day simple moving average of $25.12 and a 200-day simple moving average of $27.40.
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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