Q2 2020 EPS Estimates for Plymouth Industrial Reit Inc Boosted by Analyst (PLYM)

Plymouth Industrial Reit Inc (NYSEAMERICAN:PLYM) – Analysts at DA Davidson lifted their Q2 2020 EPS estimates for Plymouth Industrial Reit in a research note issued to investors on Wednesday, November 28th. DA Davidson analyst B. Oxford now anticipates that the company will post earnings per share of $0.53 for the quarter, up from their previous forecast of $0.40. DA Davidson also issued estimates for Plymouth Industrial Reit’s FY2020 earnings at $2.09 EPS.

Plymouth Industrial Reit (NYSEAMERICAN:PLYM) last posted its quarterly earnings results on Tuesday, November 13th. The company reported ($1.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($1.48). The company had revenue of $11.65 million for the quarter, compared to analysts’ expectations of $12.21 million.

Separately, Zacks Investment Research raised shares of Plymouth Industrial Reit from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a research report on Saturday, August 11th.

NYSEAMERICAN PLYM opened at $12.39 on Monday. Plymouth Industrial Reit has a one year low of $10.95 and a one year high of $18.98.

A number of large investors have recently modified their holdings of PLYM. Wedbush Securities Inc. acquired a new stake in shares of Plymouth Industrial Reit during the second quarter worth approximately $191,000. Eidelman Virant Capital acquired a new stake in shares of Plymouth Industrial Reit during the third quarter worth approximately $201,000. Mesirow Financial Investment Management Inc. grew its position in shares of Plymouth Industrial Reit by 26.7% during the third quarter. Mesirow Financial Investment Management Inc. now owns 20,321 shares of the company’s stock worth $315,000 after buying an additional 4,288 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Plymouth Industrial Reit during the third quarter worth approximately $426,000. Finally, Vanguard Group Inc. grew its position in shares of Plymouth Industrial Reit by 82.0% during the third quarter. Vanguard Group Inc. now owns 28,768 shares of the company’s stock worth $446,000 after buying an additional 12,962 shares in the last quarter.

Plymouth Industrial Reit Company Profile

Plymouth Industrial REIT, Inc is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.

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Earnings History and Estimates for Plymouth Industrial Reit (NYSEAMERICAN:PLYM)

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