Plymouth Industrial REIT, Inc. (PLYM) to Post FY2017 Earnings of $0.10 Per Share, DA Davidson Forecasts

Plymouth Industrial REIT, Inc. (NYSEAMERICAN:PLYM) – Investment analysts at DA Davidson decreased their FY2017 earnings estimates for shares of Plymouth Industrial REIT in a research note issued to investors on Tuesday. DA Davidson analyst B. Oxford now anticipates that the company will post earnings per share of $0.10 for the year, down from their previous 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 lowered Plymouth Industrial REIT from a “buy” rating to a “sell” rating in a report on Friday, November 17th.

Plymouth Industrial REIT (NYSEAMERICAN PLYM) opened at $17.80 on Wednesday. Plymouth Industrial REIT has a twelve month low of $16.50 and a twelve month high of $19.00.

Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new stake in shares of Plymouth Industrial REIT in the second quarter valued at about $272,000. D.A. Davidson & CO. acquired a new stake in shares of Plymouth Industrial REIT in the second quarter valued at about $120,000. Finally, BB&T Securities LLC acquired a new position in Plymouth Industrial REIT during the second quarter worth approximately $252,000.

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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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