Research Analysts Offer Predictions for PLYM FY2025 Earnings

Plymouth Industrial REIT, Inc. (NYSE:PLYM) – Wedbush decreased their FY2025 earnings per share (EPS) estimates for shares of Plymouth Industrial REIT in a research report issued to clients and investors on Monday, November 11th. Wedbush analyst R. Anderson now anticipates that the company will earn $2.01 per share for the year, down from their prior forecast of $2.05. Wedbush has a “Neutral” rating and a $25.00 price objective on the stock. The consensus estimate for Plymouth Industrial REIT’s current full-year earnings is $1.84 per share.

Several other research analysts have also recently weighed in on PLYM. Robert W. Baird lowered their price target 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. B. Riley increased their target price on Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a research note on Wednesday, August 28th. BMO Capital Markets lowered their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Finally, Barclays lifted their target price on Plymouth Industrial REIT from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Plymouth Industrial REIT has an average rating of “Hold” and an average target price of $25.22.

Plymouth Industrial REIT Stock Down 0.5 %

Plymouth Industrial REIT stock opened at $19.55 on Wednesday. The company’s 50-day moving average is $21.80 and its 200-day moving average is $22.02. The firm has a market capitalization of $887.57 million, a PE ratio of 983.50, a P/E/G ratio of 1.53 and a beta of 1.37. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.16 and a quick ratio of 0.16. Plymouth Industrial REIT has a fifty-two week low of $19.44 and a fifty-two week high of $25.55.

Plymouth Industrial REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend was Monday, September 30th. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 4,800.00%.

Insider Buying and Selling

In other Plymouth Industrial REIT news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.58, for a total transaction of $13,285,868.04. Following the completion of the transaction, the insider now owns 4,474,292 shares of the company’s stock, valued at approximately $105,503,805.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Plymouth Industrial REIT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLYM. Westwood Holdings Group Inc. grew its stake in shares of Plymouth Industrial REIT by 10.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 2,935,803 shares of the company’s stock valued at $66,056,000 after buying an additional 286,434 shares during the period. F M Investments LLC bought a new position in Plymouth Industrial REIT in the second quarter worth approximately $6,088,000. Millennium Management LLC grew its stake in Plymouth Industrial REIT by 115.6% in the second quarter. Millennium Management LLC now owns 338,894 shares of the company’s stock valued at $7,246,000 after acquiring an additional 181,725 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Plymouth Industrial REIT by 24.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 910,751 shares of the company’s stock valued at $20,583,000 after acquiring an additional 180,003 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Plymouth Industrial REIT by 4.1% during the third quarter. Jennison Associates LLC now owns 4,401,384 shares of the company’s stock worth $99,471,000 after purchasing an additional 174,836 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.