Q3 2024 EPS Estimates for Plymouth Industrial REIT, Inc. (NYSE:PLYM) Decreased by B. Riley

Plymouth Industrial REIT, Inc. (NYSE:PLYM) – B. Riley cut their Q3 2024 earnings per share estimates for shares of Plymouth Industrial REIT in a research note issued to investors on Monday, August 5th. B. Riley analyst B. Maher now expects that the company will post earnings of $0.47 per share for the quarter, down from their previous forecast of $0.49. B. Riley currently has a “Buy” rating and a $27.00 price objective on the stock. The consensus estimate for Plymouth Industrial REIT’s current full-year earnings is $1.89 per share. B. Riley also issued estimates for Plymouth Industrial REIT’s FY2024 earnings at $1.88 EPS, Q2 2025 earnings at $0.50 EPS, Q1 2026 earnings at $0.54 EPS, Q2 2026 earnings at $0.54 EPS and FY2026 earnings at $2.18 EPS.

Several other research firms have also weighed in on PLYM. JPMorgan Chase & Co. lowered their price target on Plymouth Industrial REIT from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Wedbush boosted their target price on Plymouth Industrial REIT from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.67.

Plymouth Industrial REIT Stock Up 0.3 %

NYSE:PLYM opened at $23.24 on Wednesday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 54.05, a price-to-earnings-growth ratio of 1.81 and a beta of 1.36. Plymouth Industrial REIT has a twelve month low of $19.21 and a twelve month high of $25.55. The stock’s 50 day moving average price is $22.24 and its two-hundred day moving average price is $21.75. The company has a quick ratio of 0.12, a current ratio of 0.16 and a debt-to-equity ratio of 1.49.

Institutional Trading of Plymouth Industrial REIT

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in Plymouth Industrial REIT by 2,306.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,155 shares of the company’s stock valued at $28,000 after purchasing an additional 1,107 shares during the period. Signaturefd LLC boosted its stake in Plymouth Industrial REIT by 40.8% in the 4th quarter. Signaturefd LLC now owns 1,731 shares of the company’s stock valued at $42,000 after purchasing an additional 502 shares during the period. Quadrant Capital Group LLC boosted its stake in Plymouth Industrial REIT by 77.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,751 shares of the company’s stock valued at $42,000 after purchasing an additional 764 shares during the period. Federated Hermes Inc. lifted its position in shares of Plymouth Industrial REIT by 774.4% during the 4th quarter. Federated Hermes Inc. now owns 1,845 shares of the company’s stock valued at $44,000 after acquiring an additional 1,634 shares during the period. Finally, New York State Teachers Retirement System bought a new stake in shares of Plymouth Industrial REIT during the 1st quarter valued at $89,000. 92.67% of the stock is currently owned by institutional investors.

Plymouth Industrial REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, June 28th. Plymouth Industrial REIT’s payout ratio is presently 223.26%.

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.