Plymouth Industrial REIT, Inc. is expected to post fiscal 2021 earnings of $1.72 per share (NYSE: PLYM)
Plymouth Industrial REIT, Inc. (NYSE: PLYM) – Equity research analysts at Truist Financial released their fiscal 2021 earnings per share estimates for Plymouth Industrial REIT in a research note released Thursday, January 27. Truist Financial analyst A. Hau expects the company to post earnings per share of $1.72 for the year. Truist Financial currently has a “Buy” rating and a target price of $31.00 on the stock. Truist Financial also released estimates for Plymouth Industrial REIT Q4 2021 earnings at $0.47 EPS, Q1 2022 earnings at $0.47 EPS, Q2 2022 earnings at $0.46 EPS, Q3 2022 earnings at $0.47 EPS, Q4 2022 earnings at $0.48 EPS, FY2022 earnings at $1.89 EPS, Q1 2023 EPS at $0.49, Q2 2023 EPS at $0.49 EPS, Q3 2023 earnings at $0.50 EPS, Q4 2023 earnings at $0.52 EPS, FY2023 earnings at $2.00 EPS, FY2024 earnings at $2.00 $.16 EPS, FY2025 earnings at $2.27 EPS and FY2026 earnings at $2.40 EPS. Plymouth Industrial REIT (NYSE:PLYM) last released quarterly earnings data on Friday, November 5. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Plymouth Industrial REIT posted a negative return on equity of 5.00% and a negative net margin of 9.87%. In the same period a year earlier, the company posted earnings per share of $0.42.
A number of other stock analysts have also recently commented on the company. Wedbush raised its price target on Plymouth Industrial REIT from $25.00 to $30.00 and gave the stock an “outperform” rating in a Monday, Nov. 8 report. Zacks Investment Research cut Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a report on Tuesday, January 11. Finally, JMP Securities raised its price target on Plymouth Industrial REIT from $26.00 to $32.00 and gave the company a “market outperforming” rating in a Wednesday, January 12 research report. One equity research analyst gave the stock a hold rating and five gave the company’s stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $30.60.
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NYSE PLYM opened at $28.02 on Monday. The stock has a market capitalization of $969.63 million, a PE ratio of -29.49, a P/E/G ratio of 2.13 and a beta of 1.22. The company has a 50-day simple moving average of $29.40 and a two-hundred-day simple moving average of $25.87. The company has a debt ratio of 1.81, a current ratio of 1.29 and a quick ratio of 1.29. Plymouth Industrial REIT has a 1-year low of $13.96 and a 1-year high of $32.37.
A number of institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in Plymouth Industrial REIT during Q4, valued at approximately $2,094,000. National Asset Management Inc. increased its stake in shares of Plymouth Industrial REIT by 59.4% in the fourth quarter. National Asset Management Inc. now owns 60,898 shares of the company worth $1,949,000 after purchasing an additional 22,695 shares in the last quarter. Dorsey Wright & Associates bought a new stake in shares of Plymouth Industrial REIT in the fourth quarter worth approximately $69,000. Strs Ohio increased its equity stake in Plymouth Industrial REIT by 5.9% in the fourth quarter. Strs Ohio now owns 41,696 shares of the company worth $1,334,000 after buying 2,330 additional shares in the last quarter. Finally, HighTower Trust Services LTA purchased a new stake in shares of Plymouth Industrial REIT in the fourth quarter worth approximately $343,000. Institutional investors and hedge funds hold 83.56% of the company’s shares.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 31. Shareholders of record on Friday, December 31 will receive a dividend of $0.21 per share. The ex-dividend date is Thursday, December 30. This represents an annualized dividend of $0.84 and a yield of 3.00%. Plymouth Industrial REIT’s payout ratio is currently -88.42%.
Company Profile Plymouth Industrial REIT
Plymouth Industrial REIT, Inc is engaged in the acquisition, ownership and management of single and multi-tenant distribution centers, warehouses and light industrial properties. It seeks to acquire properties that provide income and growth, and to enhance shareholder value through active asset management, prudent repositioning of properties and disciplined deployment of capital.
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