Plymouth Industrial REIT (NYSE:PLYM) Issues FY 2025 Earnings Guidance

Plymouth Industrial REIT (NYSE:PLYM) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.850-1.890 for the period, compared to the consensus estimate of 1.970. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLYM. BNP Paribas cut 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 reduced their price objective 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, November 12th. JPMorgan Chase & Co. dropped their target price on shares of 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. Truist Financial lowered shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. 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.com, Plymouth Industrial REIT has a consensus rating of “Hold” and an average price target of $23.89.

Plymouth Industrial REIT Stock Up 0.4 %

PLYM traded up $0.07 during trading on Thursday, hitting $16.69. 100,998 shares of the company’s stock were exchanged, compared to its average volume of 302,266. Plymouth Industrial REIT has a fifty-two week low of $16.06 and a fifty-two week high of $24.71. The stock has a market cap of $757.32 million, a P/E ratio of 834.25 and a beta of 1.33. The business’s 50 day moving average is $16.99 and its two-hundred day moving average is $19.80. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42.

Plymouth Industrial REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.24 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.75%. Plymouth Industrial REIT’s dividend payout ratio is presently 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.