Plymouth Industrial REIT (NYSE:PLYM) Posts Earnings Results, Hits Expectations

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46, Zacks reports. The company had revenue of $47.57 million for the quarter, compared to analyst estimates of $50.81 million. Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%. Plymouth Industrial REIT updated its FY 2025 guidance to 1.850-1.890 EPS.

Plymouth Industrial REIT Stock Performance

PLYM traded up $0.49 during trading on Friday, hitting $17.32. The stock had a trading volume of 1,240,822 shares, compared to its average volume of 336,180. Plymouth Industrial REIT has a twelve month low of $16.06 and a twelve month high of $24.71. The firm has a market capitalization of $786.14 million, a P/E ratio of 866.00 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. The company's 50-day moving average price is $16.96 and its 200 day moving average price is $19.71.

Plymouth Industrial REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Tuesday, December 31st. Plymouth Industrial REIT's dividend payout ratio (DPR) is presently 31.37%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JMP Securities reiterated a "market outperform" rating and issued a $27.00 target price on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. Robert W. Baird dropped their target price on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 12th. Barclays reduced their price target on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. JPMorgan Chase & Co. cut 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. Finally, Truist Financial lowered Plymouth Industrial REIT from a "buy" rating to a "hold" rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $23.89.

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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.