Plymouth Industrial REIT downgraded by Exane BNP Paribas with a new price target
$PLYM
Real Estate Investment Trusts
Real Estate
Exane BNP Paribas downgraded Plymouth Industrial REIT from Outperform to Neutral and set a new price target of $23.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2024 | $23.00 | Outperform → Neutral | Exane BNP Paribas |
| 3/27/2024 | $22.00 | Equal Weight | Barclays |
| 1/22/2024 | $27.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 12/18/2023 | $23.00 → $25.00 | Neutral → Underweight | JP Morgan |
| 5/18/2023 | $25.00 | Neutral → Outperform | Exane BNP Paribas |
| 4/13/2023 | $23.00 | Neutral | JP Morgan |
| 5/18/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 3/2/2022 | $32.00 | Buy | B. Riley Securities |
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. Third Quarter and Subsequent Highlights Reported results for the third quarter of 2024 reflect net loss attributable to common stockholders of $(0.35) per weighted average common share; Core Funds from Operations attributable to common stockholders and unit holders ("Core FFO") of $0.44 per weighted average common share and units; and Adjusted FFO ("AFFO") of $0.40 per weighted average common share and units.Same store NOI ("SS NOI") decreased 1.2% on a GAAP basis exclu
BOSTON, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) provided an activity update for the third quarter of 2024. The Company also announced details for its third quarter earnings conference call and webcast to be held on November 7, 2024. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "We have addressed 74% of our 2024 lease expirations and 39% of our 2025 lease expirations, while bringing the development program to 100% leased. We are seeing encouraging activity on our top leasing opportunities in our largest markets and expect to report additional progress during the balance of the year." Leasing ActivityLeases commencing durin
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 $0.24 per share of common stock for the third quarter of 2024. The dividend, which equates to an annualized rate of $0.96 per common share, is payable on October 31, 2024, to stockholders of record as of the close of business on September 30, 2024. About Plymouth 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
Exane BNP Paribas downgraded Plymouth Industrial REIT from Outperform to Neutral and set a new price target of $23.00
Barclays initiated coverage of Plymouth Industrial REIT with a rating of Equal Weight and set a new price target of $22.00
JMP Securities upgraded Plymouth Industrial REIT from Mkt Perform to Mkt Outperform and set a new price target of $27.00
BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced it has appointed John W. Guinee III to the Board of Directors. Mr. Guinee will serve as an independent director and will be a member of the Company’s Audit Committee. Mr. Guinee was most recently Managing Director at Stifel, where he covered over 40 REITs in the office, industrial, multifamily and diversified property sectors. During his 15-year career as a sell-side analyst, he led the creation of new valuation methods for REITs, including estimating premiums and discounts to replacement cost and estimating the value creation of REITs over time. Prior to that time, he was Executive Vice President and Ch
BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT, Inc. (NYSE: PLYM) today announced that the Company’s board of directors declared a regular quarterly cash dividend of $0.46875 per share, or an annualized dividend of $1.875 per share, for the Company’s 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA) for the fourth quarter of 2020. The dividend is payable on December 31, 2020, to stockholders of record on December 15, 2020. About Plymouth Plymouth Industrial REIT, Inc. is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select prim
10-Q - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
8-K - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
8-K - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
JP Morgan analyst Michael Mueller maintains Plymouth Industrial REIT (NYSE:PLYM) with a Underweight and lowers the price target from $24 to $23.
Plymouth Industrial REIT (NYSE:PLYM) reported quarterly earnings of $0.45 per share which missed the analyst consensus estimate of $0.47 by 4.26 percent. The company reported quarterly sales of $50.190 million which missed the analyst consensus estimate of $51.031 million by 1.65 percent. This is a 1.66 percent increase over sales of $49.371 million the same period last year.
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
SC 13G - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SC 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SC 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
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. Third Quarter and Subsequent Highlights Reported results for the third quarter of 2024 reflect net loss attributable to common stockholders of $(0.35) per weighted average common share; Core Funds from Operations attributable to common stockholders and unit holders ("Core FFO") of $0.44 per weighted average common share and units; and Adjusted FFO ("AFFO") of $0.40 per weighted average common share and units.Same store NOI ("SS NOI") decreased 1.2% on a GAAP basis exclu
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. The new unsecured credit facility is comprised of: A revolving credit facility that expanded from $350 million to $500 million, matures in November 2028 (compared with August 2025 previously) and has one, one-year extension option, subject to certain conditions; andA $100 million term loan that that now matures in November 2028 (compared with August 2026 previously) and has one,
BOSTON, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) provided an activity update for the third quarter of 2024. The Company also announced details for its third quarter earnings conference call and webcast to be held on November 7, 2024. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "We have addressed 74% of our 2024 lease expirations and 39% of our 2025 lease expirations, while bringing the development program to 100% leased. We are seeing encouraging activity on our top leasing opportunities in our largest markets and expect to report additional progress during the balance of the year." Leasing ActivityLeases commencing durin