Plymouth Industrial REIT (NYSE:PLYM) Releases Earnings Results

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) released its quarterly earnings results on Thursday, May 1st. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $47.69 million. Plymouth Industrial REIT updated its FY 2025 guidance to 1.850-1.890 EPS.

Plymouth Industrial REIT Stock Performance

PLYM stock traded down $0.03 on Thursday, hitting $15.41. The company had a trading volume of 13,000 shares, compared to its average volume of 310,920. The stock has a market cap of $701.89 million, a price-to-earnings ratio of 770.50 and a beta of 1.11. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. The stock's 50-day simple moving average is $15.66 and its 200 day simple moving average is $17.27. Plymouth Industrial REIT has a 12-month low of $12.70 and a 12-month high of $24.71.

Plymouth Industrial REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend was Monday, March 31st. Plymouth Industrial REIT's dividend payout ratio (DPR) is 31.48%.

Analysts Set New Price Targets

A number of analysts recently weighed in on PLYM shares. JPMorgan Chase & Co. dropped their target price on Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating for the company in a research report on Tuesday, January 14th. Wedbush set a $17.00 price objective on shares of Plymouth Industrial REIT in a report on Friday, February 28th. Truist Financial cut their price objective on Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Monday, March 24th. Robert W. Baird decreased their target price on Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, KeyCorp dropped their price target on Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. 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, the company presently has an average rating of "Hold" and a consensus price target of $21.10.

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.