Wedbush Has Bearish Forecast for PLYM FY2025 Earnings

Plymouth Industrial REIT, Inc. (NYSE:PLYM) – Equities research analysts at Wedbush reduced their FY2025 earnings estimates for shares of Plymouth Industrial REIT in a report released on Monday, May 12th. Wedbush analyst R. Anderson now forecasts that the company will post earnings of $1.86 per share for the year, down from their previous forecast of $1.87. The consensus estimate for Plymouth Industrial REIT’s current full-year earnings is $1.83 per share. Wedbush also issued estimates for Plymouth Industrial REIT’s FY2026 earnings at $2.05 EPS.

Other research analysts have also recently issued reports about the stock. Robert W. Baird lowered their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Truist Financial lowered their price target on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, March 24th. KeyCorp lowered their price target on shares of Plymouth Industrial REIT from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. Finally, Barclays lowered their price target on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.10.

Plymouth Industrial REIT Stock Up 0.6%

Shares of PLYM stock opened at $16.28 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. The firm’s 50-day moving average is $15.56 and its 200-day moving average is $17.11. The stock has a market cap of $741.52 million, a price-to-earnings ratio of 814.00 and a beta of 1.11. Plymouth Industrial REIT has a 52-week low of $12.70 and a 52-week high of $24.71.

Plymouth Industrial REIT (NYSE:PLYM) last issued its earnings results on Thursday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $45.57 million during the quarter, compared to the consensus estimate of $47.69 million. Plymouth Industrial REIT had a net margin of 0.46% and a return on equity of 0.20%.

Plymouth Industrial REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.90%. Plymouth Industrial REIT’s payout ratio is presently 31.48%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PLYM. Westwood Holdings Group Inc. grew its position in shares of Plymouth Industrial REIT by 33.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,631,111 shares of the company’s stock worth $64,634,000 after purchasing an additional 901,251 shares in the last quarter. Mesirow Institutional Investment Management Inc. acquired a new position in shares of Plymouth Industrial REIT during the 4th quarter worth approximately $10,433,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of Plymouth Industrial REIT during the 4th quarter worth approximately $9,612,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Plymouth Industrial REIT during the 4th quarter worth approximately $7,443,000. Finally, Peregrine Capital Management LLC acquired a new stake in shares of Plymouth Industrial REIT during the 1st quarter worth approximately $5,199,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

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.