Plymouth Industrial REIT, Inc. (NYSE:PLYM) to Post Q1 2025 Earnings of $0.48 Per Share, Wedbush Forecasts

Plymouth Industrial REIT, Inc. (NYSE:PLYM) – Wedbush issued their Q1 2025 earnings per share estimates for shares of Plymouth Industrial REIT in a report issued on Wednesday, August 28th. Wedbush analyst R. Anderson anticipates that the company will earn $0.48 per share for the quarter. 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 $1.89 per share. Wedbush also issued estimates for Plymouth Industrial REIT’s Q2 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.52 EPS and Q4 2025 earnings at $0.54 EPS.

A number of other equities research analysts also recently weighed in on PLYM. JMP Securities restated a “market outperform” rating and set a $27.00 price target on shares of Plymouth Industrial REIT in a research report on Wednesday. Barclays upped their target price on Plymouth Industrial REIT from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. B. Riley 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 Monday, August 5th. 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 for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on Plymouth Industrial REIT from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.57.

Plymouth Industrial REIT Price Performance

PLYM stock opened at $23.83 on Thursday. The firm has a 50 day simple moving average of $23.00 and a two-hundred day simple moving average of $21.89. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market cap of $1.08 billion, a PE ratio of 55.42, a P/E/G ratio of 1.77 and a beta of 1.36. Plymouth Industrial REIT has a one year low of $19.21 and a one year high of $25.55.

Plymouth Industrial REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.96 annualized dividend and a yield of 4.03%. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 223.26%.

Insider Buying and Selling 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. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Plymouth Industrial REIT

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Plymouth Industrial REIT by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 4,264,132 shares of the company’s stock valued at $95,943,000 after purchasing an additional 115,318 shares in the last quarter. Jennison Associates LLC lifted its position in Plymouth Industrial REIT by 5.9% in the 1st quarter. Jennison Associates LLC now owns 4,183,540 shares of the company’s stock valued at $94,130,000 after acquiring an additional 234,536 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Plymouth Industrial REIT by 1.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,964,075 shares of the company’s stock valued at $63,372,000 after purchasing an additional 28,272 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Plymouth Industrial REIT by 1.8% in the 4th quarter. Wellington Management Group LLP now owns 1,669,720 shares of the company’s stock worth $40,190,000 after purchasing an additional 29,479 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Plymouth Industrial REIT by 19.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 562,177 shares of the company’s stock worth $13,532,000 after purchasing an additional 90,645 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

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.