JMP Securities analyst Mitchell Germain maintained a Hold rating on Plymouth Industrial Reit (PLYM – Research Report) today. The company’s shares closed yesterday at $18.81.
According to TipRanks, Germain is a 3-star analyst with an average return of 2.8% and a 57.73% success rate. Germain covers the Financial sector, focusing on stocks such as INDUS Realty Trust, Gaming and Leisure, and Spirit Realty Capital.
Plymouth Industrial Reit has an analyst consensus of Moderate Buy, with a price target consensus of $23.40, representing a 24.40% upside. In a report released on October 19, BMO Capital also maintained a Hold rating on the stock with a $19.00 price target.
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PLYM market cap is currently $739.2M and has a P/E ratio of -21.85.
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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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