Wedbush Equities Analysts Lower Earnings Estimates for PLYM

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

A number of other equities research analysts also recently commented on PLYM. Truist Financial lifted their target price on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. BNP Paribas cut Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price objective for the company. in a research report on Friday, November 8th. Barclays raised their target price on Plymouth Industrial REIT from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. B. Riley upped their price target on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, BMO Capital Markets dropped their price objective 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 analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Plymouth Industrial REIT has an average rating of “Hold” and a consensus target price of $25.22.

Plymouth Industrial REIT Stock Down 4.8 %

PLYM opened at $18.62 on Wednesday. The stock has a market capitalization 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 firm has a 50 day moving average price of $21.72 and a 200-day moving average price of $22.01. Plymouth Industrial REIT has a twelve month low of $18.55 and a twelve month high of $25.55. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.49.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLYM. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Plymouth Industrial REIT by 2.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 22,192 shares of the company’s stock worth $470,000 after buying an additional 490 shares in the last quarter. American International Group Inc. lifted its stake in Plymouth Industrial REIT by 2.5% in the 1st quarter. American International Group Inc. now owns 22,508 shares of the company’s stock worth $506,000 after purchasing an additional 544 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Plymouth Industrial REIT by 5.8% during the 1st quarter. Tidal Investments LLC now owns 19,915 shares of the company’s stock valued at $448,000 after purchasing an additional 1,088 shares during the last quarter. EntryPoint Capital LLC grew its position in shares of Plymouth Industrial REIT by 33.9% during the first quarter. EntryPoint Capital LLC now owns 4,997 shares of the company’s stock valued at $112,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Plymouth Industrial REIT by 11.4% in the third quarter. Daiwa Securities Group Inc. now owns 12,834 shares of the company’s stock worth $290,000 after purchasing an additional 1,317 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Insider Transactions at Plymouth Industrial REIT

In related news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.58, for a total transaction of $13,285,868.04. Following the completion of the sale, the insider now owns 4,474,292 shares in the company, valued at approximately $105,503,805.36. This trade represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Plymouth Industrial REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.16%. Plymouth Industrial REIT’s payout ratio is currently 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.