Plymouth Industrial REIT (NYSE:PLYM) Releases 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 Analyst Weigh In

A number of research firms have recently weighed in on PLYM. Barclays reduced their target price on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. JPMorgan Chase & Co. cut their price target on Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. BNP Paribas cut Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report 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 note on Tuesday, November 12th. Finally, Truist Financial cut Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.89.

Plymouth Industrial REIT Stock Up 1.9 %

PLYM stock traded up $0.33 during midday trading on Friday, reaching $17.16. 409,526 shares of the company were exchanged, compared to its average volume of 314,350. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. Plymouth Industrial REIT has a 1-year low of $16.06 and a 1-year high of $24.71. The company has a market cap of $778.65 million, a price-to-earnings ratio of 857.75 and a beta of 1.33. The stock’s 50-day simple moving average is $16.98 and its 200 day simple moving average is $19.78.

Plymouth Industrial REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.96 annualized dividend and a dividend yield of 5.60%. 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.