Plymouth Industrial REIT (NYSE:PLYM) Issues Earnings Results

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) released its earnings results on Thursday. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01), Zacks reports. Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%. The firm had revenue of $45.57 million for the quarter, compared to analysts' expectations of $47.69 million. Plymouth Industrial REIT updated its FY 2025 guidance to 1.850-1.890 EPS.

Plymouth Industrial REIT Stock Performance

NYSE:PLYM traded down $0.08 during trading hours on Tuesday, hitting $15.25. 348,226 shares of the company traded hands, compared to its average volume of 310,184. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. Plymouth Industrial REIT has a twelve month low of $12.70 and a twelve month high of $24.71. The firm has a 50-day moving average of $15.73 and a 200 day moving average of $17.30. The stock has a market capitalization of $694.61 million, a price-to-earnings ratio of 762.50 and a beta of 1.11.

Plymouth Industrial REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.24 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 6.30%. Plymouth Industrial REIT's dividend payout ratio is 31.48%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JMP Securities restated a "market outperform" rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. KeyCorp decreased their price objective on Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Truist Financial reduced their target price on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Finally, Barclays reduced their price objective on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Plymouth Industrial REIT presently has an average rating of "Hold" and a consensus target price of $21.20.

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.