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 guidance of 1.850-1.890 for the period, compared to the consensus earnings per share estimate of 1.970. The company issued revenue guidance of -.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Barclays decreased their price objective on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Robert W. Baird cut their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. BNP Paribas downgraded Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price target for the company. in a research report on Friday, November 8th. Finally, JMP Securities reiterated a “market outperform” rating and set a $27.00 price target on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.89.

Plymouth Industrial REIT Stock Performance

Shares of NYSE:PLYM traded up $0.07 during mid-day trading on Thursday, reaching $16.69. The company had a trading volume of 100,998 shares, compared to its average volume of 302,266. Plymouth Industrial REIT has a one year low of $16.06 and a one year high of $24.71. 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 company’s 50-day moving average price is $16.99 and its 200-day moving average price is $19.80. The firm has a market cap of $757.32 million, a price-to-earnings ratio of 834.25 and a beta of 1.33.

Plymouth Industrial REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid 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 5.75%. Plymouth Industrial REIT’s 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.