Plymouth Industrial REIT (NYSE:PLYM) Now Covered by Berenberg Bank

Equities research analysts at Berenberg Bank assumed coverage on shares of Plymouth Industrial REIT (NYSE:PLYM) in a research note issued on Wednesday, Stock Target Advisor reports. The firm set a “buy” rating and a $15.00 price target on the stock. Berenberg Bank’s target price suggests a potential upside of 16.82% from the company’s previous close.

PLYM stock opened at $12.84 on Wednesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.26 and a current ratio of 0.26. Plymouth Industrial REIT has a 12-month low of $7.79 and a 12-month high of $21.50. The stock has a market capitalization of $205.11 million, a P/E ratio of -6.00 and a beta of 1.28.

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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