Equities Analysts Issue Forecasts for PLYM FY2025 Earnings

Plymouth Industrial REIT, Inc. (NYSE:PLYM) – Stock analysts at Wedbush decreased their FY2025 earnings estimates for Plymouth Industrial REIT in a research report issued to clients and investors on Thursday, February 27th. Wedbush analyst R. Anderson now forecasts that the company will post earnings of $1.87 per share for the year, down from their previous estimate 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.

A number of other research firms also recently commented on PLYM. Truist Financial downgraded shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Robert W. Baird reduced their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. JMP Securities reissued a “market outperform” rating and issued a $27.00 target price on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. Barclays cut their price target on Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Plymouth Industrial REIT presently has an average rating of “Hold” and an average price target of $23.89.

Plymouth Industrial REIT Stock Down 0.1 %

PLYM opened at $17.33 on Monday. The stock has a market capitalization of $786.36 million, a price-to-earnings ratio of 866.25 and a beta of 1.33. The firm has a 50 day moving average price of $16.94 and a 200-day moving average price of $19.60. Plymouth Industrial REIT has a twelve month low of $16.06 and a twelve month high of $24.71. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42.

Plymouth Industrial REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Tuesday, December 31st. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 31.37%.

Hedge Funds Weigh In On Plymouth Industrial REIT

Several institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its stake in Plymouth Industrial REIT by 6.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 455,092 shares of the company’s stock worth $10,285,000 after acquiring an additional 27,463 shares during the period. Barclays PLC raised its stake in Plymouth Industrial REIT by 321.2% during the 3rd quarter. Barclays PLC now owns 63,101 shares of the company’s stock worth $1,426,000 after acquiring an additional 48,119 shares during the period. Foundry Partners LLC bought a new stake in Plymouth Industrial REIT during the 3rd quarter worth approximately $3,725,000. Geode Capital Management LLC raised its stake in Plymouth Industrial REIT by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,047,832 shares of the company’s stock worth $23,685,000 after acquiring an additional 29,924 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Plymouth Industrial REIT by 137.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,201 shares of the company’s stock worth $1,519,000 after acquiring an additional 38,850 shares during the period. Institutional investors 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.