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 6,790 funds
0
Analysts bullish %
of 3 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
119% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 16
11% more funds holding
Funds holding: 169 [Q2] → 188 (+19) [Q3]
5% more capital invested
Capital invested by funds: $921M [Q2] → $968M (+$46.1M) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 59
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
0.65% less ownership
Funds ownership: 94.94% [Q2] → 94.28% (-0.65%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$22
18%
upside
Avg. target
$23
24%
upside
High target
$25
34%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Truist Securities Anthony Hau 0 / 0 met price target | 18%upside $22 | Buy Maintained | 29 Nov 2024 |
Barclays Brendan Lynch 56% 1-year accuracy 10 / 18 met price target | 18%upside $22 | Equal-Weight Maintained | 18 Nov 2024 |
Baird David Rodgers 50% 1-year accuracy 3 / 6 met price target | 34%upside $25 | Outperform Maintained | 12 Nov 2024 |
Financial journalist opinion
Based on 8 articles about PLYM published over the past 30 days
Neutral
Seeking Alpha
1 week 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 weeks 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 weeks 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:
Neutral
Seeking Alpha
3 weeks ago
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.
Neutral
Seeking Alpha
3 weeks ago
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 Executive Officer Anthony Saladino - Executive Vice President & Chief Financial Officer Jim Connolly - Executive Vice President, Asset Management Conference Call Participants Mitch Germain - Citizens JMP Rich Anderson - Wedbush John Kim - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Brendan Lynch - Barclays Anthony Howe - Truist Securities Operator Good morning, and welcome to the Plymouth Industrial REIT Conference Call to review the company's Results for the Third Quarter of 2024. All participants will be in listen-only mode.
Negative
Zacks Investment Research
4 weeks ago
Plymouth Industrial (PLYM) Q3 FFO Lag Estimates
Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.44 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to FFO of $0.46 per share a year ago.
Neutral
GlobeNewsWire
4 weeks ago
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 recent developments.
Neutral
GlobeNewsWire
4 weeks ago
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 that provides expanded borrowing capacity, extended maturities and enhanced ability to pursue other unsecured debt.
Neutral
PRNewsWire
1 month ago
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 daily workhorse and weekend adventurer Moparized Ram 1500 RHO features new high-impact concept exterior graphics and Mopar accessories Dodge will showcase products from the brand's Direct Connection performance parts line, including crate engines and more, and debut new heritage-inspired Dodge E-Bike licensed product Mopar display area (#44137 in South Hall) spotlights numerous customized vehicles from Jeep®, Ram and Dodge, Mopar enthusiast/TV personality Mark Worman; along with hundreds of factory-backed performance parts and accessories Mopar puts a serious charge into the 2024 Specialty Equipment Market Association (SEMA) Show, Nov. 5 – Nov. 8 in Las Vegas, with new, head-turning concept vehicles – combined to showcase a wide range of distinctly different appearance and performance modifications to enthusiasts.
Positive
Zacks Investment Research
1 month ago
PLYM or NHI: Which Is the Better Value Stock Right Now?
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Plymouth Industrial (PLYM) and National Health Investors (NHI). But which of these two companies is the best option for those looking for undervalued stocks?
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