What is Wedbush’s Forecast for PLYM FY2025 Earnings?

Plymouth Industrial REIT, Inc. (NYSE:PLYM) – Investment analysts at Wedbush reduced their FY2025 EPS estimates for shares of Plymouth Industrial REIT in a research report issued to clients and investors on Monday, November 11th. Wedbush analyst R. Anderson now anticipates that the company will post earnings per share of $2.01 for the year, down from their previous estimate of $2.05. Wedbush currently has a “Neutral” rating and a $25.00 price target on the stock. The consensus estimate for Plymouth Industrial REIT’s current full-year earnings is $1.84 per share.

Other equities research analysts have also issued research reports about the company. Robert W. Baird lowered their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday. Truist Financial increased their price objective on Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. BNP Paribas cut shares of Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 target price on the stock. in a report on Friday, November 8th. Barclays upped their price target on shares of Plymouth Industrial REIT from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Finally, BMO Capital Markets cut their price target on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Plymouth Industrial REIT currently has a consensus rating of “Hold” and an average price target of $25.22.

Plymouth Industrial REIT Stock Performance

NYSE PLYM opened at $18.62 on Wednesday. The company has a 50-day simple moving average of $21.72 and a two-hundred day simple moving average of $22.01. Plymouth Industrial REIT has a 12-month low of $18.55 and a 12-month high of $25.55. The firm has a market cap of $845.27 million, a price-to-earnings ratio of 931.00, a PEG ratio of 1.53 and a beta of 1.37. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.49.

Plymouth Industrial REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Monday, September 30th. Plymouth Industrial REIT’s payout ratio is 4,800.00%.

Insider Activity at Plymouth Industrial REIT

In related news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $23.58, for a total value of $13,285,868.04. Following the sale, the insider now directly owns 4,474,292 shares of the company’s stock, valued at $105,503,805.36. This represents a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PLYM. Point72 Hong Kong Ltd purchased a new stake in Plymouth Industrial REIT in the third quarter worth about $123,000. Plotkin Financial Advisors LLC purchased a new stake in shares of Plymouth Industrial REIT in the 3rd quarter worth approximately $233,000. Verition Fund Management LLC bought a new position in Plymouth Industrial REIT during the 3rd quarter valued at approximately $254,000. Captrust Financial Advisors purchased a new position in Plymouth Industrial REIT during the third quarter valued at $248,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Plymouth Industrial REIT by 137.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,201 shares of the company’s stock worth $1,519,000 after acquiring an additional 38,850 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

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.