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Plymouth Industrial Reit Inc (PLYM)
NYSE:PLYM
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PLYM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$19.21 - $25.55
Previous Close$23.17
Volume242.93K
Average Volume (3M)275.82K
Market Cap
$1.06B
Enterprise Value$1.91B
Total Cash (Recent Filing)$23.55M
Total Debt (Recent Filing)$868.84M
Price to Earnings (P/E)43.1
Beta1.09
Next Earnings
Oct 31, 2024EPS Estimate
$0.05Next Dividend Ex-Date
Sep 30, 2024Dividend Yield4.01%
Share Statistics
EPS (TTM)0.54
Shares Outstanding45,396,286
10 Day Avg. Volume399,954
30 Day Avg. Volume275,822
Standard Deviation0.10
R-Squared0.50
Alpha-0.00290
Financial Highlights & Ratios
Price to Book (P/B)2.21
Price to Sales (P/S)5.28
Price to Cash Flow (P/CF)13.20
P/FCF Ratio11.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.59
Enterprise Value/Gross Profit13.94
Enterprise Value/Ebitda-67.55
Forecast
1Y Price Target
$25.78Price Target Upside12.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Plymouth Industrial Reit News
PremiumCompany Announcements
Plymouth Industrial Reit Launches Investor Engagement InitiativeBulls Say, Bears Say
Bulls Say
Leasing PerformanceLeases that commenced saw an 18.8% increase in cash rental rates for terms over six months, with new leases up 18.8% and renewals up 19.5%.
Strategic PartnershipPlymouth has entered into a strategic agreement with Sixth Street, a major global investment firm, providing approximately $500 million in capital for future acquisitions.
ValuationThe valuation is compelling, with shares trading around 13x 2024E FFO/share, compared to the broader industrial REIT sector at 23x.
Bears Say
Capital StructureThe structure of the transaction, including a preferred equity instrument with a deferral component and stock warrants complicates the capital stack.
Lease Expirations27.9% of 2025 lease expirations have not yet been addressed.
Market ConditionsThe region remains witness to a significant amount of construction, and it will continue to negatively influence market vacancy and rent growth trends.
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Ownership Overview
11.31% Insiders
32.46% Mutual Funds
50.13% Other Institutional Investors
6.11% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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PLYM FAQ
What was Plymouth Industrial Reit Inc’s price range in the past 12 months?
Plymouth Industrial Reit Inc lowest stock price was $19.21 and its highest was $25.55 in the past 12 months.
What is Plymouth Industrial Reit Inc’s market cap?
Currently, no data Available
When is Plymouth Industrial Reit Inc’s upcoming earnings report date?
Plymouth Industrial Reit Inc’s upcoming earnings report date is Oct 31, 2024 which is in 42 days.
How were Plymouth Industrial Reit Inc’s earnings last quarter?
Plymouth Industrial Reit Inc released its earnings results on Jul 31, 2024. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of -$0.035 by $0.065.
Is Plymouth Industrial Reit Inc overvalued?
According to Wall Street analysts Plymouth Industrial Reit Inc’s price is currently Undervalued.
Does Plymouth Industrial Reit Inc pay dividends?
Plymouth Industrial Reit Inc pays a Quarterly dividend of $0.24 which represents an annual dividend yield of 4.01%. See more information on Plymouth Industrial Reit Inc dividends here
What is Plymouth Industrial Reit Inc’s EPS estimate?
Plymouth Industrial Reit Inc’s EPS estimate is $0.05.
How many shares outstanding does Plymouth Industrial Reit Inc have?
Plymouth Industrial Reit Inc has 45,396,286 shares outstanding.
What happened to Plymouth Industrial Reit Inc’s price movement after its last earnings report?
Plymouth Industrial Reit Inc reported an EPS of $0.03 in its last earnings report, beating expectations of -$0.035. Following the earnings report the stock price went up 0.46%.
Which hedge fund is a major shareholder of Plymouth Industrial Reit Inc?
Among the largest hedge funds holding Plymouth Industrial Reit Inc’s share is Graham Capital Management, L.P.. It holds Plymouth Industrial Reit Inc’s shares valued at 264K.
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Plymouth Industrial Reit Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$25.78 (12.18% Upside)
$25.78 (12.18% Upside)
Blogger Sentiment
Bullish
PLYM Sentiment 75%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 12.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $13.3M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
7.60%
12-Months-Change
Fundamentals
Return on Equity
5.52%
Trailing 12-Months
Asset Growth
-5.26%
Trailing 12-Months
Company Description
Plymouth Industrial Reit Inc
Plymouth Industrial REIT, Inc. engages in the acquisition, ownership, and management of single and multi-tenant distribution centers, warehouses, and light industrial properties. It seeks to acquire properties that provide income and growth, and enhance shareholder value through active asset management, prudent property re-positioning, and disciplined capital deployment. The company was founded by Jeffrey E. Witherell and Pendleton P. White, Jr. on March 7, 2011 and is headquartered in Boston, MA.
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PLYM Earnings Call
Q2 2024
0:00 / 0:00
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PLYM Stock 12 Month Forecast
Average Price Target
$25.78
▲(12.18% Upside)
Technical Analysis
Best Analysts Covering PLYM
1 Year
1 Year Success Rate
10/14 ratings generated profit
1 Year Average Return
+6.68%
reiterated a buy rating 22 days ago
Copying Anthony Hau's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +6.68% per trade.
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