Equities Analysts Set Expectations for Plymouth Industrial REIT, Inc.’s FY2017 Earnings (PLYM)
Plymouth Industrial REIT, Inc. (NYSEAMERICAN:PLYM) – Equities researchers at DA Davidson lowered their FY2017 earnings estimates for Plymouth Industrial REIT in a report issued on Tuesday. DA Davidson analyst B. Oxford now forecasts that the company will post earnings per share of $0.10 for the year, down from their prior forecast of $0.13. DA Davidson also issued estimates for Plymouth Industrial REIT’s Q4 2017 earnings at $0.08 EPS, Q2 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $0.85 EPS.
Separately, Zacks Investment Research raised Plymouth Industrial REIT from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, November 16th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new position in shares of Plymouth Industrial REIT during the 2nd quarter valued at approximately $120,000. BB&T Securities LLC bought a new position in shares of Plymouth Industrial REIT during the 2nd quarter valued at approximately $252,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Plymouth Industrial REIT during the 2nd quarter valued at approximately $272,000.
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About Plymouth Industrial REIT
Plymouth Industrial REIT, Inc, formerly Plymouth Opportunity REIT, Inc, is a self-administered and self-managed real estate investment trust. The Company primarily focused on single-tenant industrial properties and multi-tenant industrial properties. The Company also focused on the acquisition, ownership and management of single-and multi-tenant class B industrial properties, including distribution centers, warehouses and light industrial properties, primarily located in secondary and select primary markets across the Eastern half of the United States and Texas.
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