Wedbush Has Pessimistic Outlook of PLYM FY2025 Earnings

Plymouth Industrial REIT, Inc. (NYSE:PLYM) – Research analysts at Wedbush lowered their FY2025 EPS estimates for shares of Plymouth Industrial REIT in a report released on Monday, November 11th. Wedbush analyst R. Anderson now expects that the company will post earnings of $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.

PLYM has been the topic of a number of other research reports. Barclays boosted their target price 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. BMO Capital Markets cut their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. B. Riley raised their target price on Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a report on Wednesday, August 28th. Finally, Robert W. Baird reduced their price target on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.22.

Plymouth Industrial REIT Stock Down 0.5 %

Plymouth Industrial REIT stock opened at $19.55 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market cap of $887.57 million, a PE ratio of 983.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37. Plymouth Industrial REIT has a fifty-two week low of $19.44 and a fifty-two week high of $25.55. The firm’s 50-day simple moving average is $21.80 and its 200 day simple moving average is $22.02.

Hedge Funds Weigh In On Plymouth Industrial REIT

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in Plymouth Industrial REIT by 40.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,884 shares of the company’s stock worth $269,000 after purchasing an additional 3,448 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in 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 buying an additional 1,941 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Plymouth Industrial REIT in the 3rd quarter worth $319,000. Daiwa Securities Group Inc. raised its position in shares of Plymouth Industrial REIT by 11.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,834 shares of the company’s stock valued at $290,000 after buying an additional 1,317 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Plymouth Industrial REIT by 28.0% in the third quarter. Cerity Partners LLC now owns 34,316 shares of the company’s stock worth $776,000 after acquiring an additional 7,512 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Insider Activity at Plymouth Industrial REIT

In other Plymouth Industrial REIT news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of the 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 transaction, the insider now owns 4,474,292 shares in the company, valued at $105,503,805.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.

Plymouth Industrial REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued 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 currently 4,800.00%.

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.