PLYM
Plymouth Industrial REITPLYM
PLYM
About: Plymouth Industrial REIT Inc is a full-service, vertically integrated, self-administered, and self-managed Maryland corporation. It is focused on the acquisition, ownership, and management of single and multi-tenant Class B industrial properties, including distribution centers, warehouses, and light industrial properties, located in secondary and primary markets across the United States. The company has one reportable segment, which is Industrial properties. The majority of its property portfolio is spread across Florida, Ohio, Indiana, Tennessee, Illinois and Georgia, among others. It receives income primarily from the rental revenue through its properties.
Employees: 43
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
254% more call options, than puts
Call options by funds: $145K | Put options by funds: $41K
150% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 14
12% more funds holding
Funds holding: 169 [Q2] → 189 (+20) [Q3]
5% more capital invested
Capital invested by funds: $939M [Q2] → $988M (+$49M) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 60
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
0.47% less ownership
Funds ownership: 96.75% [Q2] → 96.28% (-0.47%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$19
14%
upside
Avg. target
$23
38%
upside
High target
$27
62%
upside
5 analyst ratings
3 positive
60%
1 neutral
20%
1 negative
20%
JP Morgan Michael Mueller 60% 1-year accuracy 9 / 15 met price target | 14%upside $19 | Underweight Maintained | 14 Jan 2025 |
JMP Securities Mitch Germain 45% 1-year accuracy 18 / 40 met price target | 62%upside $27 | Market Outperform Reiterated | 14 Jan 2025 |
Truist Securities Anthony Hau 22% 1-year accuracy 6 / 27 met price target | 32%upside $22 | Buy Maintained | 29 Nov 2024 |
Barclays Brendan Lynch 44% 1-year accuracy 15 / 34 met price target | 32%upside $22 | Equal-Weight Maintained | 18 Nov 2024 |
Baird David Rodgers 44% 1-year accuracy 11 / 25 met price target | 50%upside $25 | Outperform Maintained | 12 Nov 2024 |
Financial journalist opinion
Based on 4 articles about PLYM published over the past 30 days
Positive
Zacks Investment Research
1 week ago
Plymouth Industrial Shows Resilient Growth & Strategic Focus in Q4
PLYM ends 2024 strong with rent growth and strategic acquisitions.
Neutral
GlobeNewsWire
1 week ago
Plymouth Industrial REIT Provides Activity Update for Fourth Quarter 2024
BOSTON, Jan. 10, 2025 (GLOBE NEWSWIRE) -- —(January 10, 2025) Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company” or “Plymouth”) provided an activity update for the fourth quarter of 2024. The Company also announced details for its fourth quarter earnings conference call and webcast to be held on February 27, 2025.
Negative
Seeking Alpha
3 weeks ago
Innovative Industrial's Business Model Fails, While Plymouth Shows Resilience
Plymouth Industrial REIT, Inc. is a strong industrial REIT with a durable business model, trading at a discounted AFFO multiple and well below NAV. Innovative Industrial Properties, Inc. faces significant tenant difficulties, with high rent per foot and risky tenant investment strategy leading to potential long-term vacancies or reduced rents. PLYM's tenant defaults are minor and have led to higher replacement rents, showcasing robust asset underwriting and a focus on quality real estate.
Positive
Zacks Investment Research
4 weeks ago
Plymouth Buys Portfolio for $20.1M, Boosts Cincinnati Presence
PLYM purchases the small bay industrial properties in Cincinnati well below replacement cost.
Neutral
GlobeNewsWire
1 month ago
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
Neutral
GlobeNewsWire
1 month ago
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 $0.24 per share of common stock for the fourth quarter of 2024. The dividend, which equates to an annualized rate of $0.96 per common share, is payable on January 31, 2025, to stockholders of record as of the close of business on December 31, 2024.
Neutral
Seeking Alpha
1 month ago
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 AFFO multiples from 35.5x in 2021 to 20.5x recently. Despite strong demand, new supply has suppressed rent growth and occupancy, leading to tepid SSNOI growth.
Neutral
Seeking Alpha
1 month ago
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 plants is seen as ensuring consistent profits from electricity sales, mitigating manufacturing volatility and boosting future profitability. Plymouth Industrial REIT faces challenges with earnings misses and competitive disadvantages, making it less attractive compared to other industrial and retail REITs according to David Johnson.
Negative
Seeking Alpha
2 months ago
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 vulnerable to short-term shocks and outbidding by larger competitors, impacting its stability and growth potential. I rate PLYM stock as a Sell due to a Q3 earnings miss, size disadvantages, and better alternatives in the industrial REIT space.
Neutral
GlobeNewsWire
2 months ago
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 into a securities purchase agreement (the “Securities Purchase Agreement”) with 2024 ATIP, Inc. (“ATIP”) pursuant to which the Trust proposes to acquire (the “AllTrades Transaction”) all of the issued and outstanding membership interests (“Membership Interests”) of AllTrades Industrial Properties, LLC (“AllTrades”). OP LP is a Delaware limited partnership of which AIP Realty USA, Inc. (the “REIT”), a subsidiary of the Trust, serves as general partner. Pursuant to the AllTrades Transaction, among other things, OP LP will acquire all of the Membership Interests, the consideration for which is expected to be comprised of the following:
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