Plymouth Industrial REIT, Inc. (PLYM)

NYSE: PLYM · Real-Time Price · USD
18.00
+0.60 (3.45%)
Dec 20, 2024, 4:00 PM EST - Market closed
3.45%
Market Cap 825.83M
Revenue (ttm) 201.57M
Net Income (ttm) 846,000
Shares Out 45.88M
EPS (ttm) 0.01
PE Ratio 976.16
Forward PE 148.27
Dividend $0.96 (5.33%)
Ex-Dividend Date Sep 30, 2024
Volume 516,903
Open 17.22
Previous Close 17.40
Day's Range 17.22 - 18.17
52-Week Range 17.22 - 24.71
Beta 1.38
Analysts Buy
Price Target 24.50 (+36.11%)
Earnings Date Feb 19, 2025

About PLYM

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. [Read more]

Sector Real Estate
IPO Date Jun 9, 2017
Employees 43
Stock Exchange NYSE
Ticker Symbol PLYM
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for PLYM stock is "Buy." The 12-month stock price forecast is $24.5, which is an increase of 36.11% from the latest price.

Price Target
$24.5
(36.11% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Plymouth Industrial REIT Adds to its Presence in Cincinnati with Acquisition of Small Bay Industrial Portfolio for $20.1 Million

Second Tranche of Portfolio to Close in First Quarter of 2025 for $17.9 Million Second Tranche of Portfolio to Close in First Quarter of 2025 for $17.9 Million

1 day ago - GlobeNewsWire

Plymouth Industrial REIT Declares Dividend for the Fourth Quarter of 2024

BOSTON, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced that its board of directors has declared a regular quarterly cash dividend of $0.2...

8 days ago - GlobeNewsWire

Sector Spotlight: Industrial REITs - Still A Real Estate Darling?

The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFF...

14 days ago - Seeking Alpha

Undercovered Dozen: Canadian Solar, Plymouth Industrial, GameStop, Samsara +

The 'Undercovered' Dozen highlights 12 lesser-covered stocks, showcasing diverse investment opportunities and sparking community discussion on their potential. Canadian Solar's shift to owning power p...

Other symbols: CSIQGMEIOT
4 weeks ago - Seeking Alpha

Plymouth Industrial: Too Risky To Own

Despite some positive deals, Plymouth's high volatility, tenant issues, and underperformance compared to peers make it less attractive for income-seeking investors. Plymouth's smaller size makes it vu...

4 weeks ago - Seeking Alpha

AIP Realty Trust Announces Securities Purchase Agreement to Acquire AllTrades Industrial Properties, LLC and Closing of Investment by Plymouth Industrial OP, LP, a subsidiary of Plymouth Industrial REIT, Inc.

VANCOUVER, British Columbia, Nov. 14, 2024 (GLOBE NEWSWIRE) -- AIP Realty Trust (the “Trust” or “AIP”) (TSXV: AIP.U) today announces that it, through its subsidiary AIP OP, LP (“OP LP”), has entered i...

5 weeks ago - GlobeNewsWire

Why REITs Will Pummel Stocks In 2025

REITs have strongly outperformed the S&P 500 in the recent past. I expect this strong outperformance to continue. There are two reasons for this.

Other symbols: CCICPTEGPEQIXMAAOPLD
5 weeks ago - Seeking Alpha

Plymouth Industrial REIT, Inc. (PLYM) Q3 2024 Earnings Call Transcript

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations Jeff Witherell - Chairman & Chief Exec...

6 weeks ago - Seeking Alpha

Plymouth Industrial REIT Reports Third Quarter 2024 Results

BOSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced its financial results for the third quarter ended September 30, 2024, and other re...

6 weeks ago - GlobeNewsWire

Plymouth Industrial REIT Upsizes Aggregate Borrowing Capacity to $1.5 Billion with New $600 Million Unsecured Credit Facility

BOSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced it has entered into a $600 million amended and restated unsecured credit facility ...

6 weeks ago - GlobeNewsWire

Mopar Energizes 2024 SEMA Show With Plymouth GTX Electromod and Ram Sport Truck Concepts

AUBURN HILLS, Mich., Oct. 29, 2024 /PRNewswire/ -- 1967 Plymouth GTX Electromod Concept is powered by a conceptual Mopar e-Crate propulsion package Ram 2500 Power Wagon Concept bridges gap between dai...

7 weeks ago - PRNewsWire

These REITs Trade At Premiums, But Should They?

REIT sectors are often mispriced due to broad-brush analysis; individual property types react differently to economic news, creating investment opportunities. Industrial REITs face weakened fundamenta...

2 months ago - Seeking Alpha

Rate Cut Rethink

U.S. equity markets extended gains to a fifth-straight week despite a continued upswell in benchmark interest rates, as investors weighed a solid start to earnings season against lukewarm inflation da...

Other symbols: ABRAVBBBREDRNDRVFRFREL
2 months ago - Seeking Alpha

3 REITs With A Margin Of Safety

The margin of safety, introduced by Benjamin Graham, emphasizes diversification to protect against volatility and human errors, enhancing the probability of profitable outcomes. Healthpeak Properties,...

Other symbols: DOCO
3 months ago - Seeking Alpha

Leverage In Real Estate Investing

Leverage amplifies both risks and rewards; strong fundamentals can mitigate high leverage risks, while weak fundamentals can worsen even low leverage scenarios. Vornado's low leverage couldn't save it...

Other symbols: NXRTVNO
3 months ago - Seeking Alpha

If I Was Retiring In 10-20 Years With 10 REITs - Part 3

The Federal Reserve is expected to cut interest rates, benefiting REITs, which have shown strong performance and offer attractive investment opportunities for long-term growth. NETSTREIT, Kite Realty,...

Other symbols: KRGNTSTVICI
3 months ago - Seeking Alpha

Plymouth Industrial REIT Declares Dividend for the Third Quarter of 2024

BOSTON, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced that its board of directors has declared a regular quarterly cash dividend of $0....

3 months ago - GlobeNewsWire

Plymouth Industrial REIT Announces Strategic Partnership with Sixth Street

Highlights: The transaction provides Plymouth with approximately $500 million of capital to pursue acquisitions Sixth Street intends to be a strategic partner in pursuing additional joint venture oppo...

4 months ago - GlobeNewsWire

2 'Under The Radar' REITs Up To 40% Undervalued

The purpose of this article isn't to make the case that a recession will happen. What matters is that the pressure on the Fed is rising to finally cut rates, and to figure out what happens when the Fe...

Other symbols: NTST
4 months ago - Seeking Alpha

Plymouth Industrial: Buy High Quality At A Substantial Discount

Individual stock investing can be highly rewarding, so long as one is willing to do the legwork of finding quality stocks at a discount. Plymouth Industrial is an under-the-radar REIT with strong fund...

4 months ago - Seeking Alpha

Plymouth Industrial REIT, Inc. (PLYM) Q2 2024 Earnings Call Transcript

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q2 2024 Results Conference Call August 1, 2024 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners LLC Jeff Witherell - Chairman and Chief Executi...

5 months ago - Seeking Alpha

Plymouth Industrial REIT Reports Second Quarter 2024 Results

BOSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced its financial results for the second quarter ended June 30, 2024, and other recent...

5 months ago - GlobeNewsWire

Industrial Real Estate Returning To Growth

Second quarter earnings reports from Prologis and First Industrial indicate growth returning to the industrial sector. Industrial real estate market rental rates stopped growing in late 2023, but rece...

Other symbols: EGPFRPLDSTAG
5 months ago - Seeking Alpha

REITs Rip As Rates Retreat

U.S. equity markets climbed to record highs, while benchmark interest rates dipped to four-month lows as investors rotated from high-flying growth stocks into beaten-down value names following a coole...

5 months ago - Seeking Alpha

Plymouth Industrial REIT Provides Activity Update for Second Quarter 2024

BOSTON, July 08, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced its leasing and development activity for the second quarter of 2024. The Company also announced details ...

5 months ago - GlobeNewsWire