Plymouth Industrial REIT, Inc. to Post Q3 2023 Earnings of $0.46 Per Share, KeyCorp Forecasts (NYSE:PLYM)

Posted by Defense World Staff on Sep 25th, 2023

Plymouth Industrial REIT, Inc. (NYSE:PLYM – Free Report) – Investment analysts at KeyCorp dropped their Q3 2023 EPS estimates for Plymouth Industrial REIT in a research note issued to investors on Thursday, September 21st. KeyCorp analyst T. Thomas now expects that the company will post earnings of $0.46 per share for the quarter, down from their previous estimate of $0.47. The consensus estimate for Plymouth Industrial REIT’s current full-year earnings is $1.84 per share. KeyCorp also issued estimates for Plymouth Industrial REIT’s FY2023 earnings at $1.84 EPS and Q3 2024 earnings at $0.50 EPS.

Other equities analysts also recently issued research reports about the stock. B. Riley boosted their price target on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 14th. Truist Financial boosted their price target on shares of Plymouth Industrial REIT from $25.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 11th.

View Our Latest Stock Report on Plymouth Industrial REIT

Plymouth Industrial REIT Stock Performance

Shares of PLYM opened at $21.29 on Monday. Plymouth Industrial REIT has a 1 year low of $15.59 and a 1 year high of $23.79. The company has a market cap of $942.30 million, a price-to-earnings ratio of -44.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.35. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a fifty day moving average of $22.56 and a 200-day moving average of $21.81.

Plymouth Industrial REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.23%. The ex-dividend date is Thursday, September 28th. Plymouth Industrial REIT’s payout ratio is currently -187.50%.

Institutional Investors Weigh In On Plymouth Industrial REIT

Several institutional investors have recently bought and sold shares of PLYM. Quadrant Capital Group LLC lifted its holdings in Plymouth Industrial REIT by 178.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,478 shares of the company’s stock valued at $28,000 after acquiring an additional 948 shares during the last quarter. State of Wyoming acquired a new stake in Plymouth Industrial REIT in the 2nd quarter valued at about $29,000. Tower Research Capital LLC TRC lifted its holdings in Plymouth Industrial REIT by 73.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,337 shares of the company’s stock valued at $39,000 after acquiring an additional 989 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Plymouth Industrial REIT in the 2nd quarter valued at about $60,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in Plymouth Industrial REIT by 24.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,548 shares of the company’s stock valued at $82,000 after acquiring an additional 691 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Plymouth Industrial REIT Company Profile

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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.