Robert W. Baird analyst Dave Rodgers maintained a Buy rating on Plymouth Industrial Reit (PLYM – Research Report) on November 7 and set a price target of $23.00. The company’s shares closed yesterday at $19.41.
According to TipRanks, Rodgers is a 2-star analyst with an average return of -0.5% and a 49.69% success rate. Rodgers covers the Financial sector, focusing on stocks such as Highwoods Properties, Boston Properties, and Plymouth Industrial Reit.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Plymouth Industrial Reit with a $22.20 average price target, implying a 14.37% upside from current levels. In a report released on November 4, Colliers Securities also maintained a Buy rating on the stock with a $22.00 price target.
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PLYM market cap is currently $850.8M and has a P/E ratio of -24.31.
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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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