Plymouth Industrial REIT (PLYM) Scheduled to Post Earnings on Friday

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Plymouth Industrial REIT (NYSE:PLYM) is set to issue its quarterly earnings data before the market opens on Friday, May 7th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Plymouth Industrial REIT has set its Q1 2021
Pre-Market guidance at 0.28-0.30 EPS and its FY 2021
Pre-Market guidance at 1.43-1.48 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Plymouth Industrial REIT (NYSE:PLYM) last released its quarterly earnings data on Friday, February 26th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.64). Plymouth Industrial REIT had a negative return on equity of 9.96% and a negative net margin of 13.35%. On average, analysts expect Plymouth Industrial REIT to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of PLYM opened at $18.53 on Wednesday. Plymouth Industrial REIT has a 1-year low of $10.79 and a 1-year high of $18.89. The stock has a market cap of $520.95 million, a PE ratio of -10.18 and a beta of 1.19. The firm has a 50-day simple moving average of $17.40 and a two-hundred day simple moving average of $15.35. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.65 and a quick ratio of 0.65.

The business also recently declared a quarterly dividend, which was paid on Friday, April 30th. Shareholders of record on Wednesday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Tuesday, March 30th. Plymouth Industrial REIT’s dividend payout ratio is presently 40.40%.

A number of equities research analysts have weighed in on PLYM shares. JMP Securities started coverage on shares of Plymouth Industrial REIT in a research report on Tuesday, February 2nd. They set an “outperform” rating and a $17.00 price target for the company. Zacks Investment Research upgraded shares of Plymouth Industrial REIT from a “sell” rating to a “hold” rating in a research report on Friday, March 5th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Plymouth Industrial REIT presently has a consensus rating of “Buy” and an average price target of $16.00.

About Plymouth Industrial REIT

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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Earnings History for Plymouth Industrial REIT (NYSE:PLYM)

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