Plymouth Industrial REIT (NYSE:PLYM) Downgraded by Zacks Investment Research to Sell

Plymouth Industrial REIT stock has undergone multiple analysts rating changes in the recent past.  Plymouth Industrial REIT Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of Plymouth Industrial REIT traded up $0.37 on Tuesday, reaching $24.07. 0 shares of the stock traded hands, compared to its average volume of 245424. Shares of Plymouth Industrial REIT were trading at $24.07 on Tuesday. The firm’s 50 day moving average is $22.95 and its 200 day moving average is $19.14.Plymouth Industrial REIT has a 12 month low of $23.71 and a 12 month high of $24.15. While on yearly highs and lows, Plymouth Industrial REIT’s today has traded high as $24.15 and has touched $23.71 on the downward trend. See More Analyst Rating at: RATING

Plymouth Industrial REIT Earnings and What to expect: 

Plymouth Industrial REIT last announced its quarterly earnings results on August 6th, 2021. The reported ($0.25) earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.66. Plymouth Industrial REIT has generated $1.86 earnings per share over the last year (($1.09) diluted earnings per share). Earnings for Plymouth Industrial REIT are expected to grow by 11.11% in the coming year, from $1.71 to $1.90 per share. Plymouth Industrial REIT has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, November 5th, 2021 based off prior year’s report dates.

Earnings for Plymouth Industrial REIT are expected to grow by 11.11% in the coming year, from $1.71 to $1.90 per share. The P/E ratio of Plymouth Industrial REIT is -22.08, 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 -22.08, 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 1.94. PEG Ratios above 1 indicate that a company could be overvalued. Plymouth Industrial REIT has a P/B Ratio of 2.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Plymouth Industrial REIT (NYSE:PLYM) Moving Average Technical Analysis

5 day Moving Average is $23.57 And 5 day price change is $1.20 (5.25%)  with average volume for 5 day average is 150,960. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $23.06 and 20 day price change is $0.73 (3.13%) and average 20 day moving volume is 189,530. 50 day moving average is $22.95  and 50 day price change is $1.48 ( 6.55%)  and with average volume for 50 days is : 213,866. 200 day moving average is $19.14  and 200 day price change is $9.23 (62.20%)  and with average volume for 200 days is : 242,895.

Other owners latest trading in Plymouth Industrial REIT :

  • On 10/12/2021 shares held by Koshinski Asset Management Inc. were 2,980 which equates to market value of $68K and appx 0.00% owners of Plymouth Industrial REIT
  • On 10/12/2021 shares held by Sound Income Strategies LLC were 167,787 which equates to market value of $3.82M and appx 0.50% owners of Plymouth Industrial REIT
  • On 10/12/2021 shares held by Pensionfund DSM Netherlands were 124,000 which equates to market value of $2.82M and appx 0.40% owners of Plymouth Industrial REIT
  • In total Institutional ownership equates to Institutional Ownership Percentage: 86.88% for Plymouth Industrial REIT

See More Analyst Rating at: RATING