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

Plymouth Industrial REIT (NYSE:PLYM) is set to post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Plymouth Industrial REIT to post earnings of $0.47 per share for the quarter. Plymouth Industrial REIT has set its FY 2024 guidance at 1.880-1.920 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Plymouth Industrial REIT (NYSE:PLYM) last announced its earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.33). Plymouth Industrial REIT had a return on equity of 4.74% and a net margin of 11.42%. The firm had revenue of $50.23 million during the quarter, compared to the consensus estimate of $50.73 million. During the same period in the prior year, the company posted $0.45 EPS. On average, analysts expect Plymouth Industrial REIT to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Plymouth Industrial REIT Trading Down 0.4 %

NYSE PLYM opened at $24.12 on Tuesday. The stock’s 50 day moving average is $21.73 and its 200 day moving average is $21.69. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $1.09 billion, a PE ratio of 56.09, a P/E/G ratio of 1.84 and a beta of 1.36. Plymouth Industrial REIT has a twelve month low of $19.21 and a twelve month high of $25.55.

Plymouth Industrial REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, June 28th. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 223.26%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PLYM shares. JPMorgan Chase & Co. dropped their price objective on shares of Plymouth Industrial REIT from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Wedbush raised Plymouth Industrial REIT to a “hold” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Plymouth Industrial REIT currently has an average rating of “Hold” and an average target price of $24.60.

Plymouth Industrial REIT Company Profile

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.