Colliers Securities Reaffirms Their Buy Rating on Plymouth Industrial Reit (PLYM)

Colliers Securities analyst Barry Oxford maintained a Buy rating on Plymouth Industrial Reit (PLYMResearch Report) today and set a price target of $22.00. The company’s shares opened today at $19.17.

According to TipRanks, Oxford is a 2-star analyst with an average return of -0.3% and a 50.00% success rate. Oxford covers the Financial sector, focusing on stocks such as Plymouth Industrial Reit, INDUS Realty Trust, and One Liberty Properties.

In addition to Colliers Securities, Plymouth Industrial Reit also received a Buy from Truist Financial’s Anthony Hau in a report issued on October 20. However, today, JMP Securities maintained a Hold rating on Plymouth Industrial Reit (NYSE: PLYM).

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Based on Plymouth Industrial Reit’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $45.61 million and a GAAP net loss of $4.41 million. In comparison, last year the company earned a revenue of $32.86 million and had a GAAP net loss of $3.91 million

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Plymouth Industrial REIT, Inc. engages in the acquisition, ownership, and management of single and multi-tenant distribution centers, warehouses, and light industrial properties. It seeks to acquire properties that provide income and growth, and enhance shareholder value through active asset management, prudent property re-positioning, and disciplined capital deployment. The company was founded by Jeffrey E. Witherell and Pendleton P. White, Jr. on March 7, 2011 and is headquartered in Boston, MA.

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