Plymouth Industrial REIT Sees Unusually High Options Volume (NYSE:PLYM)

Plymouth Industrial REIT (NYSE:PLYM) was the recipient of some unusual options trading activity on Monday. Investors acquired 2,636 call options on the company. This is an increase of 320% compared to the typical volume of 627 call options.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PLYM shares. BMO Capital Markets dropped their price objective on shares of Plymouth Industrial REIT from $24.00 to $22.00 and set a “market perform” rating on the stock in a research note on Monday, October 27th. Robert W. Baird lowered Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $19.00 to $24.00 in a report on Thursday, October 23rd. Baird R W cut Plymouth Industrial REIT from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Citizens Jmp lowered Plymouth Industrial REIT from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Plymouth Industrial REIT in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.40.

Plymouth Industrial REIT Price Performance

Plymouth Industrial REIT stock opened at $21.95 on Wednesday. The company has a market cap of $977.65 million, a P/E ratio of 10.97 and a beta of 1.26. Plymouth Industrial REIT has a one year low of $12.70 and a one year high of $22.74. The business has a fifty day moving average of $22.03 and a two-hundred day moving average of $19.08. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.13 and a current ratio of 0.13.

Plymouth Industrial REIT (NYSE:PLYM) last posted its quarterly earnings results on Monday, November 10th. The company reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($1.70). Plymouth Industrial REIT had a return on equity of 16.76% and a net margin of 47.78%.The company had revenue of $51.16 million for the quarter, compared to analyst estimates of $49.62 million. As a group, analysts predict that Plymouth Industrial REIT will post 1.83 earnings per share for the current fiscal year.

Plymouth Industrial REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Tuesday, September 30th. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 48.00%.

Institutional Investors Weigh In On Plymouth Industrial REIT

Several institutional investors have recently modified their holdings of PLYM. Parallel Advisors LLC increased its stake in Plymouth Industrial REIT by 136.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,594 shares of the company’s stock valued at $26,000 after purchasing an additional 919 shares in the last quarter. GAMMA Investing LLC grew its holdings in Plymouth Industrial REIT by 233.0% in the third quarter. GAMMA Investing LLC now owns 1,605 shares of the company’s stock valued at $36,000 after purchasing an additional 1,123 shares during the last quarter. CWM LLC increased its position in shares of Plymouth Industrial REIT by 40.5% in the third quarter. CWM LLC now owns 2,210 shares of the company’s stock valued at $49,000 after buying an additional 637 shares in the last quarter. Covestor Ltd raised its stake in shares of Plymouth Industrial REIT by 1,965.3% during the 3rd quarter. Covestor Ltd now owns 2,499 shares of the company’s stock worth $55,000 after buying an additional 2,378 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Plymouth Industrial REIT by 65.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,834 shares of the company’s stock worth $62,000 after buying an additional 1,514 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

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.