Research Analysts Issue Forecasts for PLYM FY2025 Earnings

Plymouth Industrial REIT, Inc. (NYSE:PLYM) – Stock analysts at Wedbush dropped their FY2025 earnings estimates for shares of Plymouth Industrial REIT in a research note issued on Thursday, February 27th. Wedbush analyst R. Anderson now expects that the company will post earnings of $1.87 per share for the year, down from their prior forecast of $2.01. 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 $2.04 EPS.

PLYM has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their target price on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird lowered their target price on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Truist Financial cut shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a report on Friday, January 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. Finally, BNP Paribas cut shares of Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price target on the stock. in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Plymouth Industrial REIT presently has a consensus rating of “Hold” and a consensus price target of $23.89.

Plymouth Industrial REIT Trading Down 0.2 %

Shares of PLYM stock opened at $17.31 on Monday. The company’s fifty day simple moving average is $16.95 and its two-hundred day simple moving average is $19.64. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12. Plymouth Industrial REIT has a 1 year low of $16.06 and a 1 year high of $24.71. The stock has a market capitalization of $785.68 million, a price-to-earnings ratio of 865.50 and a beta of 1.33.

Plymouth Industrial REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 5.55%. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 31.37%.

Institutional Trading of Plymouth Industrial REIT

Institutional investors have recently added to or reduced their stakes in the business. Meixler Investment Management Ltd. purchased a new stake in shares of Plymouth Industrial REIT during the third quarter worth about $482,000. GSA Capital Partners LLP bought a new position in shares of Plymouth Industrial REIT during the third quarter valued at approximately $393,000. Victory Capital Management Inc. increased its stake in shares of Plymouth Industrial REIT by 4.7% during the third quarter. Victory Capital Management Inc. now owns 57,700 shares of the company’s stock valued at $1,304,000 after purchasing an additional 2,600 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Plymouth Industrial REIT by 6.4% during the third quarter. Thrivent Financial for Lutherans now owns 455,092 shares of the company’s stock valued at $10,285,000 after purchasing an additional 27,463 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Plymouth Industrial REIT by 1,151,200.0% during the third quarter. Quest Partners LLC now owns 23,026 shares of the company’s stock valued at $520,000 after buying an additional 23,024 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Plymouth Industrial REIT Company Profile

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.