Plymouth Industrial REIT (NYSE:PLYM) Issues FY 2025 Earnings Guidance

Key Points

• Plymouth Industrial REIT has provided FY 2025 earnings per share guidance of 1.850-1.890, slightly below the consensus estimate of 1.866.
• The company recently announced a quarterly dividend of $0.24, representing an annualized dividend yield of 6.7%.
• Several analysts have downgraded the stock's ratings, with two sell ratings and a consensus rating of "Hold" among nine analysts.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.850-1.890 for the period, compared to the consensus earnings per share estimate of 1.866. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PLYM. Wedbush upgraded Plymouth Industrial REIT to a "hold" rating in a report on Wednesday, July 2nd. Robert W. Baird dropped their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen lowered Plymouth Industrial REIT from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Plymouth Industrial REIT presently has a consensus rating of "Hold" and a consensus price target of $20.44.

Plymouth Industrial REIT Trading Up 1.3%

Shares of NYSE PLYM traded up $0.19 during trading hours on Thursday, hitting $14.44. The company's stock had a trading volume of 145,082 shares, compared to its average volume of 363,852. The business has a 50-day simple moving average of $15.91 and a 200-day simple moving average of $16.00. Plymouth Industrial REIT has a 12 month low of $12.70 and a 12 month high of $24.70. The stock has a market cap of $657.49 million, a price-to-earnings ratio of 4.73 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.27 and a current ratio of 0.27.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. Plymouth Industrial REIT had a net margin of 71.08% and a return on equity of 26.42%. The company had revenue of $47.20 million during the quarter, compared to analysts' expectations of $46.20 million. On average, analysts anticipate that Plymouth Industrial REIT will post 1.83 earnings per share for the current fiscal year.

Plymouth Industrial REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.96 annualized dividend and a dividend yield of 6.7%. Plymouth Industrial REIT's payout ratio is presently 33.33%.

Hedge Funds Weigh In On Plymouth Industrial REIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Plymouth Industrial REIT by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,804 shares of the company's stock valued at $388,000 after purchasing an additional 982 shares during the period. Jane Street Group LLC acquired a new stake in shares of Plymouth Industrial REIT during the first quarter worth $460,000. Finally, Focus Partners Wealth lifted its holdings in shares of Plymouth Industrial REIT by 213.1% during the first quarter. Focus Partners Wealth now owns 55,075 shares of the company's stock worth $898,000 after buying an additional 37,484 shares in the last quarter. 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.

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