Plymouth Industrial Reit (NYSEAMERICAN:PLYM) issued an update on its FY 2019 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.90-2.00 for the period. The company issued revenue guidance of $65.4-66 million, compared to the consensus revenue estimate of $49.35 million.
PLYM opened at $15.50 on Friday. Plymouth Industrial Reit has a twelve month low of $10.95 and a twelve month high of $18.27.
PLYM has been the topic of a number of research reports. Zacks Investment Research upgraded Plymouth Industrial Reit from a hold rating to a buy rating and set a $15.00 price objective on the stock in a research report on Friday, November 16th. Wedbush initiated coverage on Plymouth Industrial Reit in a research report on Tuesday, December 18th. They set an outperform rating and a $16.00 price objective on the stock. Finally, Sandler O’Neill initiated coverage on Plymouth Industrial Reit in a research report on Tuesday, January 29th. They set a hold rating and a $17.00 price objective on the stock.
A hedge fund recently bought a new stake in Plymouth Industrial Reit stock. Geode Capital Management LLC purchased a new stake in Plymouth Industrial Reit Inc (NYSEAMERICAN:PLYM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,287 shares of the company’s stock, valued at approximately $255,000. Geode Capital Management LLC owned 0.42% of Plymouth Industrial Reit at the end of the most recent reporting period.
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About Plymouth Industrial Reit
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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