Wedbush Has Pessimistic Outlook of PLYM FY2025 Earnings

Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) - Investment analysts at Wedbush lowered their FY2025 EPS estimates for shares of Plymouth Industrial REIT in a research note issued on Thursday, February 27th. Wedbush analyst R. Anderson now anticipates that the company will post earnings per share of $1.87 for the year, down from their previous forecast of $2.01. 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 $2.04 EPS.

Several other analysts have also recently issued reports on the company. JMP Securities restated a "market outperform" rating and set a $27.00 price objective on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. Barclays dropped their target price on Plymouth Industrial REIT from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Monday, November 18th. BNP Paribas downgraded shares of Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 price target for the company. in a report on Friday, November 8th. Robert W. Baird dropped their price objective on shares of Plymouth Industrial REIT from $21.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Truist Financial lowered shares of Plymouth Industrial REIT from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Plymouth Industrial REIT currently has a consensus rating of "Hold" and an average price target of $23.33.

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Plymouth Industrial REIT Stock Down 3.0 %

Shares of PLYM stock traded down $0.52 during trading hours on Monday, hitting $16.74. 361,891 shares of the company were exchanged, compared to its average volume of 340,518. The stock has a market capitalization of $759.58 million, a price-to-earnings ratio of 836.75 and a beta of 1.45. Plymouth Industrial REIT has a one year low of $16.06 and a one year high of $24.71. The business's 50-day simple moving average is $16.90 and its two-hundred day simple moving average is $19.56. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12.

Institutional Trading of Plymouth Industrial REIT

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP raised its position in Plymouth Industrial REIT by 88.4% in the third quarter. Quarry LP now owns 1,833 shares of the company's stock worth $41,000 after acquiring an additional 860 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Plymouth Industrial REIT by 3,130.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company's stock worth $45,000 after purchasing an additional 1,941 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Plymouth Industrial REIT in the 3rd quarter worth approximately $46,000. Quadrant Capital Group LLC lifted its stake in 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 purchasing an additional 844 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Plymouth Industrial REIT during the third quarter worth approximately $123,000. Institutional investors own 92.67% of the company's stock.

Plymouth Industrial REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.24 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a yield of 5.74%. Plymouth Industrial REIT's dividend payout ratio (DPR) is 31.37%.

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.