Wedbush Has Pessimistic Outlook of PLYM FY2025 Earnings

Plymouth Industrial REIT, Inc. (NYSE:PLYM) – Equities research analysts at Wedbush decreased their FY2025 EPS estimates for Plymouth Industrial REIT in a research note issued on Monday, May 12th. Wedbush analyst R. Anderson now anticipates that the company will earn $1.86 per share for the year, down from their prior forecast of $1.87. The consensus estimate for Plymouth Industrial REIT’s current full-year earnings is $1.83 per share. Wedbush also issued estimates for Plymouth Industrial REIT’s FY2026 earnings at $2.05 EPS.

Plymouth Industrial REIT (NYSE:PLYM) last released its earnings results on Thursday, May 1st. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $45.57 million for the quarter, compared to analysts’ expectations of $47.69 million. Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%.

A number of other research analysts have also recently weighed in on the company. Barclays dropped their price target on Plymouth Industrial REIT from $22.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, March 31st. Robert W. Baird reduced their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. KeyCorp dropped their target price on Plymouth Industrial REIT from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Truist Financial dropped their target price on Plymouth Industrial REIT from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Plymouth Industrial REIT has a consensus rating of “Hold” and an average target price of $21.10.

Plymouth Industrial REIT Price Performance

Shares of NYSE PLYM opened at $16.12 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a fifty day moving average price of $15.54 and a 200 day moving average price of $17.10. Plymouth Industrial REIT has a 1-year low of $12.70 and a 1-year high of $24.71. The company has a market cap of $734.23 million, a PE ratio of 806.00 and a beta of 1.11.

Plymouth Industrial REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 5.96%. Plymouth Industrial REIT’s payout ratio is 31.48%.

Hedge Funds Weigh In On Plymouth Industrial REIT

Several large investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its position in shares of Plymouth Industrial REIT by 2,406.8% during the 1st quarter. MetLife Investment Management LLC now owns 656,826 shares of the company’s stock worth $10,706,000 after buying an additional 630,624 shares during the period. AlphaQuest LLC acquired a new stake in shares of Plymouth Industrial REIT in the 1st quarter valued at $814,000. Crossingbridge Advisors LLC acquired a new stake in shares of Plymouth Industrial REIT during the first quarter worth $82,000. Meros Investment Management LP grew its stake in shares of Plymouth Industrial REIT by 47.7% during the first quarter. Meros Investment Management LP now owns 573,160 shares of the company’s stock worth $9,343,000 after purchasing an additional 185,170 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Plymouth Industrial REIT by 7.8% during the first quarter. Russell Investments Group Ltd. now owns 128,593 shares of the company’s stock worth $2,096,000 after purchasing an additional 9,340 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

About Plymouth Industrial REIT

Plymouth Industrial REIT, Inc (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.