FY2020 Earnings Forecast for Plymouth Industrial Reit Inc Issued By DA Davidson (NYSEAMERICAN:PLYM)
Plymouth Industrial Reit Inc (NYSEAMERICAN:PLYM) – Analysts at DA Davidson reduced their FY2020 earnings per share estimates for Plymouth Industrial Reit in a report released on Friday, August 9th. DA Davidson analyst B. Oxford now expects that the company will post earnings per share of $2.54 for the year, down from their previous estimate of $2.56.
Several other equities research analysts have also commented on the stock. Wedbush set a $20.00 price target on shares of Plymouth Industrial Reit and gave the company a “buy” rating in a research note on Monday, May 20th. Zacks Investment Research lowered shares of Plymouth Industrial Reit from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, National Securities started coverage on shares of Plymouth Industrial Reit in a research note on Wednesday, June 19th. They issued a “buy” rating on the stock.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date was Thursday, June 27th.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Plymouth Industrial Reit by 1,064.1% during the 2nd quarter. BlackRock Inc. now owns 550,886 shares of the company’s stock valued at $10,433,000 after buying an additional 503,564 shares during the period. Madison International Realty Holdings LLC acquired a new stake in shares of Plymouth Industrial Reit during the 2nd quarter valued at $7,681,000. Monashee Investment Management LLC acquired a new stake in shares of Plymouth Industrial Reit during the 2nd quarter valued at $7,553,000. LDR Capital Management LLC acquired a new stake in shares of Plymouth Industrial Reit during the 2nd quarter valued at $3,653,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Plymouth Industrial Reit by 170.4% during the 2nd quarter. Renaissance Technologies LLC now owns 213,205 shares of the company’s stock valued at $4,038,000 after buying an additional 134,361 shares during the period.
Plymouth Industrial Reit Company Profile
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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