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NYSE:PLYM

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

$22.37
+0.26 (+1.18%)
(As of 11:51 AM ET)
Today's Range
$22.19
$22.42
50-Day Range
$21.27
$23.15
52-Week Range
$19.21
$25.55
Volume
43,496 shs
Average Volume
235,578 shs
Market Capitalization
$1.02 billion
P/E Ratio
117.74
Dividend Yield
4.02%
Price Target
$25.00

Plymouth Industrial REIT MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
13.1% Upside
$25.00 Price Target
Short Interest
Healthy
1.82% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.99mentions of Plymouth Industrial REIT in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$86,320 Bought Last Quarter
Proj. Earnings Growth
7.33%
From $1.91 to $2.05 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.

3.43 out of 5 stars

Finance Sector

415th out of 862 stocks

Real Estate Investment Trusts Industry

94th out of 180 stocks

PLYM stock logo

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

PLYM Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Plymouth Industrial REIT, Inc.
Q4 2023 Plymouth Industrial REIT Inc Earnings Call
Plymouth Industrial (PLYM) Q4 FFO Match Estimates
Plymouth Industrial REIT Reports Fourth Quarter Results
Plymouth Industrial REIT Reports Fourth Quarter Results
Plymouth Industrial REIT Inc.
See More Headlines
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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
3/28/2024
Dividend Payable
4/30/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
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
+11.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$13.66 million
Pretax Margin
6.91%

Debt

Sales & Book Value

Annual Sales
$199.85 million
Cash Flow
$2.41 per share
Book Value
$10.79 per share

Miscellaneous

Free Float
44,792,000
Market Cap
$1.02 billion
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

PLYM Stock Analysis - Frequently Asked Questions

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

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.
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 12-month price objectives for Plymouth Industrial REIT's stock. Their PLYM share price targets range from $22.00 to $27.00. On average, they predict the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 13.1% 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 shares have decreased by 8.1% and is now trading at $22.11.
View the best growth stocks for 2024 here
.

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) announced its quarterly earnings data on Friday, November, 5th. The company reported ($0.22) 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 quarter in the previous year, the business posted $0.42 EPS.

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. Stockholders 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 dividend yield of 4.34%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change 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 $0.90 per share and currently has a dividend yield of 4.11%. 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 473.68%. 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 43.90% 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), Sound Enhanced Fixed Income ETF (FXED) and Sound Enhanced Fixed Income ETF (SDEF).iShares Micro-Cap ETF (IWC).

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 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 acted 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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.17%), Vanguard Group Inc. (9.14%), Jennison Associates LLC (8.73%), Westwood Holdings Group Inc. (5.85%), Wellington Management Group LLP (3.68%) and Charles Schwab Investment Management Inc. (1.24%).
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 3/28/2024 by MarketBeat.com Staff

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