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

Plymouth Industrial REIT (NYSE:PLYM) updated its FY 2025 earnings guidance on Wednesday. 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 analysts recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a research report on Tuesday, January 14th. Barclays cut their price objective 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. JPMorgan Chase & Co. lowered their price objective 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. BNP Paribas lowered Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price objective for the company. in a report on Friday, November 8th. Finally, Truist Financial downgraded Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. One equities research 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 data from MarketBeat, Plymouth Industrial REIT currently has an average rating of “Hold” and a consensus target price of $23.89.

Plymouth Industrial REIT Stock Up 1.9 %

NYSE PLYM traded up $0.33 during trading hours on Friday, hitting $17.16. 409,526 shares of the company traded hands, compared to its average volume of 314,350. The stock has a market capitalization of $778.65 million, a price-to-earnings ratio of 857.75 and a beta of 1.33. Plymouth Industrial REIT has a twelve month low of $16.06 and a twelve month high of $24.71. The business’s 50-day moving average is $16.98 and its 200-day moving average is $19.78. 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 Announces Dividend

The firm also recently disclosed 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 was Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.60%. Plymouth Industrial REIT’s payout ratio is 4,800.00%.

About Plymouth Industrial REIT

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.