Plymouth Industrial REIT (NYSE:PLYM) Updates 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) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 1.850-1.890 for the period, compared to the consensus EPS estimate of 1.866. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PLYM. Wedbush upgraded Plymouth Industrial REIT to a "hold" rating in a research note on Wednesday, July 2nd. Robert W. Baird lowered 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, May 8th. Finally, Wall Street Zen downgraded Plymouth Industrial REIT from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.44.

Plymouth Industrial REIT Stock Down 0.0%

Shares of PLYM traded down $0.00 during midday trading on Monday, hitting $14.37. The company had a trading volume of 256,316 shares, compared to its average volume of 366,331. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.13 and a current ratio of 0.13. Plymouth Industrial REIT has a 1 year low of $12.70 and a 1 year high of $24.70. The firm has a market capitalization of $640.14 million, a P/E ratio of 4.99 and a beta of 1.11. The company's 50-day simple moving average is $15.83 and its 200-day simple moving average is $15.96.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. Plymouth Industrial REIT had a return on equity of 24.24% and a net margin of 67.77%. The company had revenue of $47.20 million for the quarter, compared to the consensus estimate of $46.20 million. As a group, sell-side analysts expect that Plymouth Industrial REIT will post 1.83 EPS for the current year.

Plymouth Industrial REIT Announces Dividend

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

Institutional Investors Weigh In On Plymouth Industrial REIT

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Plymouth Industrial REIT by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,804 shares of the company's stock valued at $388,000 after buying an additional 982 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Plymouth Industrial REIT in the first quarter valued at about $460,000. Finally, Focus Partners Wealth grew its stake in shares of Plymouth Industrial REIT by 213.1% in the first quarter. Focus Partners Wealth now owns 55,075 shares of the company's stock valued at $898,000 after buying an additional 37,484 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

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.