Research Analysts Set Expectations for PLYM FY2025 Earnings

Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) - Wedbush decreased their FY2025 earnings estimates for shares of Plymouth Industrial REIT in a research report issued to clients and investors on Monday, November 11th. Wedbush analyst R. Anderson now expects that the company will earn $2.01 per share for the year, down from their prior forecast of $2.05. Wedbush has a "Neutral" rating and a $25.00 price objective on the stock. The consensus estimate for Plymouth Industrial REIT's current full-year earnings is $1.84 per share.

A number of other research firms also recently commented on PLYM. Barclays lifted their price target on Plymouth Industrial REIT from $22.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 14th. B. Riley lifted their target price on Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. BNP Paribas lowered shares of Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 target price for the company. in a research note on Friday, November 8th. Robert W. Baird lowered their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Truist Financial increased their price objective on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $25.22.

Plymouth Industrial REIT Stock Down 0.5 %

Shares of PLYM traded down $0.10 during midday trading on Wednesday, hitting $19.55. The company had a trading volume of 419,533 shares, compared to its average volume of 252,838. The stock has a market cap of $887.57 million, a price-to-earnings ratio of 983.50, a PEG ratio of 1.53 and a beta of 1.37. The company's 50 day moving average price is $21.80 and its 200 day moving average price is $22.02. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.49. Plymouth Industrial REIT has a 52 week low of $19.44 and a 52 week high of $25.55.

Plymouth Industrial REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.91%. The ex-dividend date was Monday, September 30th. Plymouth Industrial REIT's dividend payout ratio (DPR) is presently 4,800.00%.

Insider Buying and Selling

In other Plymouth Industrial REIT news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.58, for a total transaction of $13,285,868.04. Following the completion of the sale, the insider now directly owns 4,474,292 shares of the company's stock, valued at approximately $105,503,805.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Plymouth Industrial REIT

Several hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in shares of Plymouth Industrial REIT by 40.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,884 shares of the company's stock valued at $269,000 after buying an additional 3,448 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in Plymouth Industrial REIT by 3,130.6% during the third quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company's stock valued at $45,000 after acquiring an additional 1,941 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Plymouth Industrial REIT during the 3rd quarter valued at approximately $319,000. Daiwa Securities Group Inc. grew its stake in shares of Plymouth Industrial REIT by 11.4% in the third quarter. Daiwa Securities Group Inc. now owns 12,834 shares of the company's stock worth $290,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Plymouth Industrial REIT by 28.0% in the 3rd quarter. Cerity Partners LLC now owns 34,316 shares of the company's stock worth $776,000 after purchasing an additional 7,512 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other 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.