Equities Analysts Issue Forecasts for PLYM FY2025 Earnings

Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) - Wedbush reduced their FY2025 earnings per share estimates for Plymouth Industrial REIT in a research note issued on Monday, May 12th. Wedbush analyst R. Anderson now expects that the company will post earnings per share of $1.86 for the year, down from their prior forecast 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.

Several other equities analysts have also commented on PLYM. KeyCorp lowered their price objective on 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. Robert W. Baird lowered their price objective 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. Barclays lowered their price objective on Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating for the company in a research report on Monday, March 31st. Finally, Truist Financial lowered their price objective on Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating for the company in a research report on Monday, March 24th. 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 company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.10.

Plymouth Industrial REIT Stock Down 0.2%

Plymouth Industrial REIT stock traded down $0.03 on Tuesday, hitting $16.54. 355,265 shares of the stock traded hands, compared to its average volume of 317,217. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. The firm has a market cap of $753.55 million, a P/E ratio of 827.20 and a beta of 1.11. The business's fifty day simple moving average is $15.53 and its 200 day simple moving average is $17.02. Plymouth Industrial REIT has a 1 year low of $12.70 and a 1 year high of $24.71.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last announced its quarterly earnings results 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 return on equity of 0.20% and a net margin of 0.46%. The business had revenue of $45.57 million during the quarter, compared to analysts' expectations of $47.69 million.

Plymouth Industrial REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 5.80%. Plymouth Industrial REIT's payout ratio is presently 31.48%.

Hedge Funds Weigh In On Plymouth Industrial REIT

Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its holdings in shares of Plymouth Industrial REIT by 38.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,060 shares of the company's stock valued at $54,000 after acquiring an additional 844 shares in the last quarter. Quarry LP increased its holdings in Plymouth Industrial REIT by 74.1% in the 4th quarter. Quarry LP now owns 3,191 shares of the company's stock worth $57,000 after buying an additional 1,358 shares in the last quarter. GAMMA Investing LLC increased its holdings in Plymouth Industrial REIT by 6,862.5% in the 1st quarter. GAMMA Investing LLC now owns 3,342 shares of the company's stock worth $54,000 after buying an additional 3,294 shares in the last quarter. Copeland Capital Management LLC increased its holdings in Plymouth Industrial REIT by 79.9% in the 1st quarter. Copeland Capital Management LLC now owns 3,509 shares of the company's stock worth $57,000 after buying an additional 1,558 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new stake in Plymouth Industrial REIT in the 1st quarter worth about $60,000. 92.67% of the stock is currently owned by institutional investors.

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.