In Friday’s Wall Street session, Plymouth Industrial Reit Inc (NYSE:PLYM) shares traded at $16.68, up 0.72% from the previous session.
PLYM stock price is now -3.89% away from the 50-day moving average and -17.70% away from the 200-day moving average. The market capitalization of the company currently stands at $757.11M.
On November 08, 2024, Exane BNP Paribas Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $23, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, WHITE PENDLETON P. JR., Director bought 5,000 shares of the company’s stock on Nov 15 ’24. The stock was bought for $91,950 at an average price of $18.39. Upon completion of the transaction, the Director now directly owns 5,000 shares in the company, valued at $83400.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15 ’24, CEO Witherell Jeffrey E bought 2,000 shares of the business’s stock. A total of $36,980 was incurred on buying the stock at an average price of $18.49. This leaves the insider owning 252,248 shares of the company worth $4.21 million. A total of 12.69% of the company’s stock is owned by insiders.
During the past 12 months, Plymouth Industrial Reit Inc has had a low of $16.20 and a high of $24.12. The fifty day moving average price for PLYM is $17.4496 and a two-hundred day moving average price translates $20.679 for the stock.
The latest earnings results from Plymouth Industrial Reit Inc (NYSE: PLYM) was released for 2024-09-30. The net profit margin was 0.42% and return on equity was 0.18% for PLYM. The company reported revenue of $51.87 million for the quarter, compared to $49.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.23 percent.
