Research Analysts Set Expectations for PLYM FY2025 Earnings

Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) - Investment analysts at Wedbush cut their FY2025 EPS estimates for Plymouth Industrial REIT in a research report issued on Monday, May 12th. Wedbush analyst R. Anderson now forecasts that the company will post earnings of $1.86 per share for the year, down from their prior estimate of $1.87. The consensus estimate for Plymouth Industrial REIT's current full-year earnings is $1.83 per share. Wedbush also issued estimates for Plymouth Industrial REIT's FY2026 earnings at $2.05 EPS.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%. The business had revenue of $45.57 million for the quarter, compared to analyst estimates of $47.69 million.

A number of other research analysts have also recently weighed in on PLYM. Barclays reduced 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. KeyCorp cut their price target on shares of Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Truist Financial reduced their price target on shares of 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. JPMorgan Chase & Co. dropped their price objective on shares of 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. Finally, Robert W. Baird reduced their target price on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. One equities 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 stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $21.10.

Plymouth Industrial REIT Price Performance

Plymouth Industrial REIT stock opened at $16.21 on Tuesday. The stock has a market capitalization of $738.11 million, a P/E ratio of 810.25 and a beta of 1.11. Plymouth Industrial REIT has a 12-month low of $12.70 and a 12-month 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 firm's 50-day moving average is $15.57 and its two-hundred day moving average is $17.11.

Plymouth Industrial REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend was Monday, March 31st. Plymouth Industrial REIT's dividend payout ratio (DPR) is presently 31.48%.

Hedge Funds Weigh In On Plymouth Industrial REIT

Large investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its stake in shares of Plymouth Industrial REIT by 17.3% in the 4th quarter. Legal & General Group Plc now owns 41,472 shares of the company's stock valued at $738,000 after purchasing an additional 6,119 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in Plymouth Industrial REIT by 30.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 11,628 shares of the company's stock valued at $207,000 after purchasing an additional 2,697 shares during the last quarter. Rhumbline Advisers increased its holdings in Plymouth Industrial REIT by 1.4% in the fourth quarter. Rhumbline Advisers now owns 73,529 shares of the company's stock valued at $1,309,000 after purchasing an additional 1,010 shares during the last quarter. Barclays PLC raised its position in shares of Plymouth Industrial REIT by 321.2% in the 3rd quarter. Barclays PLC now owns 63,101 shares of the company's stock valued at $1,426,000 after acquiring an additional 48,119 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Plymouth Industrial REIT by 4.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 57,243 shares of the company's stock valued at $1,015,000 after purchasing an additional 2,408 shares in the last quarter. Institutional investors and hedge funds 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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