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

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PLYM shares. BNP Paribas lowered Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research note on Friday, November 8th. JPMorgan Chase & Co. reduced their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and issued a $27.00 target price on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. Barclays dropped their price target on Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Truist Financial lowered shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.89.

Plymouth Industrial REIT Stock Up 0.7 %

PLYM stock traded up $0.12 during trading on Wednesday, reaching $16.57. The stock had a trading volume of 293,022 shares, compared to its average volume of 308,330. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. The firm has a fifty day moving average price of $17.01 and a 200 day moving average price of $19.82. The company has a market capitalization of $752.10 million, a P/E ratio of 828.50 and a beta of 1.33. Plymouth Industrial REIT has a 1-year low of $16.20 and a 1-year high of $24.71.

Plymouth Industrial REIT (NYSE:PLYM) last released its earnings results on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%. On average, equities analysts anticipate that Plymouth Industrial REIT will post 1.83 earnings per share for the current year.

Plymouth Industrial REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 5.79%. Plymouth Industrial REIT’s payout ratio is 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.