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

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) will likely be issuing its Q1 2025 quarterly 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 quarterly earnings data on Thursday, May 1st. The company reported $0.44 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 Performance

Shares of PLYM stock traded up $0.39 during trading on Friday, reaching $15.37. The company had a trading volume of 627,027 shares, compared to its average volume of 309,912. The firm's 50 day simple moving average is $15.75 and its two-hundred day simple moving average is $17.41. Plymouth Industrial REIT has a one year low of $12.70 and a one year high of $24.71. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $700.12 million, a PE ratio of 768.50 and a beta of 1.19.

Plymouth Industrial REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Monday, March 31st. Plymouth Industrial REIT's dividend payout ratio is 31.37%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays lowered their target price 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. Wedbush set a $17.00 target price on shares of Plymouth Industrial REIT in a research note on Friday, February 28th. JMP Securities restated 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. KeyCorp cut their price objective on shares of Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their target price on Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $21.20.

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.