Plymouth Industrial REIT, Inc. (NYSE:PLYM) has a beta value of 1.42 and has seen 1,923,188 shares traded in the last trading session. The company, currently valued at $175.82 Million, closed the last trade at $11.85 per share which meant it lost -$1.99 on the day or -14.38% during that session. The PLYM stock price is -81.43% off its 52-week high price of $21.5 and 34.26% above the 52-week low of $7.79. If we look at the company’s 10-day average daily trading volume, we find that it stood at 406.69 Million shares traded. The 3-month trading volume is 158.45 Million shares.
The consensus among analysts is that Plymouth Industrial REIT, Inc. (PLYM) is a Buy stock at the moment, with a recommendation rating of 1.8. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.48.
Plymouth Industrial REIT, Inc. (NYSE:PLYM) trade information
Despite being -14.38% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the PLYM stock price touched $14.66- or saw a rise of 19.17%. Year-to-date, Plymouth Industrial REIT, Inc. shares have moved -35.56%, while the 5-day performance has seen it change -13.31%. Over the past 30 days, the shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) have changed -19.5%. Short interest in the company has seen 39.59 Million shares shorted with days to cover at 0.25.
Wall Street analysts have a consensus price target for the stock at $16.6, which means that the shares’ value could jump 40.08% from current levels. The projected low price target is $13 while the price target rests at a high of $20. In that case, then, we find that the current price level is +68.78% off the targeted high while a plunge would see the stock lose 9.7% from current levels.
Plymouth Industrial REIT, Inc. (PLYM) estimates and forecasts
Figures show that Plymouth Industrial REIT, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -32.21% over the past 6 months, with this year growth rate of 1.52%, compared to -3.9% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 56.4% and 64.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be +66.1%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +7% over the past 5 years. Earnings growth for 2020 is a modest +50% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Plymouth Industrial REIT, Inc. is expected to release its next earnings report between May 08 and May 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.8 at a share yield of 5.78%.
Plymouth Industrial REIT, Inc. (NYSE:PLYM)’s Major holders
Insiders own 1.68% of the company shares, while shares held by institutions stand at 49.66% with a share float percentage of 50.51%. Investors are also buoyed by the number of investors in a company, with Plymouth Industrial REIT, Inc. having a total of 109 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 904.31 Thousand shares worth more than $10.09 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 6.09% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 734.85 Thousand shares as of March 30, 2020. The firm’s total holdings are worth over $8.2 Million and represent 4.95% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of March 30, 2020, the former fund manager holds about 4.39% shares in the company for having 651129 shares of worth $7.27 Million while later fund manager owns 210.44 Thousand shares of worth $2.35 Million as of March 30, 2020, which makes it owner of about 1.42% of company’s outstanding stock.