Plymouth Industrial REIT (PLYM) to Release Quarterly Earnings on Thursday

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) is expected to release its Q1 2025 earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.45 per share and revenue of $47.69 million for the quarter. Plymouth Industrial REIT has set its FY 2025 guidance at 1.850-1.890 EPS.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). Plymouth Industrial REIT had a net margin of 0.46% and a return on equity of 0.20%. The company had revenue of $45.57 million for the quarter, compared to analyst estimates of $47.69 million. On average, analysts expect Plymouth Industrial REIT to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Plymouth Industrial REIT Stock Down 0.3 %

PLYM stock traded down $0.04 during mid-day trading on Monday, hitting $15.31. The stock had a trading volume of 56,082 shares, compared to its average volume of 309,219. The company has a fifty day moving average of $15.75 and a 200 day moving average of $17.34. Plymouth Industrial REIT has a 1-year low of $12.70 and a 1-year high of $24.71. The stock has a market capitalization of $697.34 million, a price-to-earnings ratio of 765.75 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.

Plymouth Industrial REIT Announces Dividend

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 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend was Monday, March 31st. Plymouth Industrial REIT's dividend payout ratio is 31.48%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird reduced their price objective on shares of Plymouth Industrial REIT from $21.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a research report on Tuesday, January 14th. Barclays lowered their price objective on Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating on the stock in a report on Monday, March 31st. KeyCorp reduced their target price on Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Wedbush set a $17.00 price target on Plymouth Industrial REIT in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.