Earnings and Growth Analysis : Plymouth Industrial REIT (NYSE:PLYM)

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Earnings results for Plymouth Industrial REIT (NYSE:PLYM)

Plymouth Industrial REIT, Inc. is expected* to report earnings on 08/06/2021 before market open. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.41. The reported EPS for the same quarter last year was $0.51.

Plymouth Industrial REIT last announced its earnings data on May 7th, 2021. The reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.63. Plymouth Industrial REIT has generated $1.86 earnings per share over the last year (($1.33) diluted earnings per share). Earnings for Plymouth Industrial REIT are expected to grow by 5.23% in the coming year, from $1.72 to $1.81 per share. Plymouth Industrial REIT has confirmed that its next quarterly earnings report will be published on Friday, August 6th, 2021. Plymouth Industrial REIT will be holding an earnings conference call on Friday, August 6th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode “10158282”.

Analyst Opinion on Plymouth Industrial REIT (NYSE:PLYM)

4 Wall Street analysts have issued ratings and price targets for Plymouth Industrial REIT in the last 12 months. Their average twelve-month price target is $17.75, predicting that the stock has a possible downside of 20.94%. The high price target for PLYM is $23.00 and the low price target for PLYM is $15.00. There are currently 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Plymouth Industrial REIT has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $17.75, Plymouth Industrial REIT has a forecasted downside of 20.9% from its current price of $22.45. Plymouth Industrial REIT has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Plymouth Industrial REIT (NYSE:PLYM)

Plymouth Industrial REIT is a leading dividend payer. It pays a dividend yield of 3.64%, putting its dividend yield in the top 25% of dividend-paying stocks. Plymouth Industrial REIT does not have a long track record of dividend growth. The dividend payout ratio of Plymouth Industrial REIT is 45.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Plymouth Industrial REIT will have a dividend payout ratio of 46.41% next year. This indicates that Plymouth Industrial REIT will be able to sustain or increase its dividend.

Insiders buying/selling: Plymouth Industrial REIT (NYSE:PLYM)

In the past three months, Plymouth Industrial REIT insiders have not sold or bought any company stock. Only 1.30% of the stock of Plymouth Industrial REIT is held by insiders. 77.43% of the stock of Plymouth Industrial REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Plymouth Industrial REIT (NYSE:PLYM

Earnings for Plymouth Industrial REIT are expected to grow by 5.23% in the coming year, from $1.72 to $1.81 per share. The P/E ratio of Plymouth Industrial REIT is -16.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Plymouth Industrial REIT is -16.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Plymouth Industrial REIT has a PEG Ratio of 1.64. PEG Ratios above 1 indicate that a company could be overvalued. Plymouth Industrial REIT has a P/B Ratio of 2.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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