Plymouth Industrial REIT (PLYM) Stock Forecast, Price Target & Predictions
PLYM Stock Forecast
Plymouth Industrial REIT stock forecast is as follows: an average price target of $25.40 (represents a 11.50% upside from PLYM’s last price of $22.78) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
PLYM Price Target
The average price target for Plymouth Industrial REIT (PLYM) is $25.40 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $27.00 to $24.00. This represents a potential 11.50% upside from PLYM's last price of $22.78.
PLYM Analyst Ratings
According to 7 Wall Street analysts, Plymouth Industrial REIT's rating consensus is 'Buy'. The analyst rating breakdown for PLYM stock is 0 'Strong Buy' (0.00%), 3 'Buy' (42.86%), 3 'Hold' (42.86%), 1 'Sell' (14.29%), and 0 'Strong Sell' (0.00%).
Plymouth Industrial REIT Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 03, 2024 | Michael Mueller | Industrial Alliance Securities | $24.00 | $23.72 | 1.18% | 5.36% |
| Aug 28, 2024 | John Kim | Industrial Alliance Securities | $25.00 | $23.98 | 4.23% | 9.75% |
| Aug 28, 2024 | Anthony Hau | Truist Financial | $27.00 | $23.98 | 12.57% | 18.53% |
| Aug 13, 2024 | Anthony Hau | Truist Financial | $26.00 | $23.18 | 12.17% | 14.14% |
| May 07, 2024 | David Rodgers | Robert W. Baird | $24.00 | $20.48 | 17.19% | 5.36% |
| Apr 02, 2024 | Craig Mailman | KeyBanc | $25.00 | $21.37 | 16.99% | 9.75% |
| Jan 22, 2024 | Mitch Germain | JMP Securities | $27.00 | $23.04 | 17.19% | 18.53% |
The latest Plymouth Industrial REIT stock forecast, released on Sep 03, 2024 by Michael Mueller from Industrial Alliance Securities, set a price target of $24.00, which represents a 1.18% increase from the stock price at the time of the forecast ($23.72), and a 5.36% increase from PLYM last price ($22.78).
Plymouth Industrial REIT Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 4 | 4 | 7 |
| Avg Price Target | $25.50 | $25.50 | $25.43 |
| Last Closing Price | $22.78 | $22.78 | $22.78 |
| Upside/Downside | 11.94% | 11.94% | 11.63% |
In the current month, the average price target of Plymouth Industrial REIT stock is $25.50, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 11.94% increase as opposed to Plymouth Industrial REIT's last price of $22.78. This month's average price target is down 0.00% compared to last quarter, and up 0.28% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 28, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 14, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 05, 2024 | B. Riley | Buy | Buy | Hold |
| Jul 12, 2024 | Wedbush | - | Neutral | Initialise |
| Apr 02, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Jan 22, 2024 | JMP Securities | - | Outperform | Upgrade |
| Apr 26, 2022 | Zacks Investment Research | - | Sell | Downgrade |
Plymouth Industrial REIT's last stock rating was published by BMO Capital on Aug 28, 2024. The company gave PLYM a "Market Perform" rating, the same as its previous rate.
Plymouth Industrial REIT Financial Forecast
Plymouth Industrial REIT Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $50.78M | $49.77M | $49.90M | $49.40M | $47.33M | $47.79M | - | $42.81M | $39.88M | $35.96M | $32.85M | $31.92M | $29.97M | $27.52M |
| Avg Forecast | $40.58M | $40.36M | $40.15M | $39.94M | $39.89M | $39.64M | $39.39M | $39.14M | $53.95M | $53.15M | $52.40M | $51.60M | $51.25M | $50.05M | $51.06M | $51.01M | $50.91M | $50.48M | $49.65M | $47.87M | $48.78M | $46.52M | $44.87M | $41.08M | $38.39M | $34.31M | $32.77M | $30.50M | $27.26M | $25.57M |
| High Forecast | $41.25M | $41.03M | $40.81M | $40.60M | $40.55M | $40.30M | $40.04M | $39.79M | $54.84M | $54.03M | $53.27M | $52.45M | $52.10M | $51.14M | $51.90M | $51.86M | $51.34M | $51.13M | $50.47M | $48.66M | $49.58M | $47.29M | $44.87M | $41.53M | $38.81M | $34.69M | $33.13M | $30.83M | $27.56M | $25.85M |
| Low Forecast | $39.57M | $39.36M | $39.15M | $38.94M | $38.90M | $38.65M | $38.41M | $38.17M | $52.61M | $51.83M | $51.09M | $50.31M | $49.98M | $49.29M | $49.78M | $49.74M | $50.23M | $49.89M | $48.42M | $46.68M | $47.56M | $45.36M | $44.87M | $40.58M | $37.92M | $33.89M | $32.37M | $30.13M | $26.93M | $25.26M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 10 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.99% | 1.00% | 1.03% | 0.97% | 1.03% | - | 1.04% | 1.04% | 1.05% | 1.00% | 1.05% | 1.10% | 1.08% |
Plymouth Industrial REIT's average Quarter revenue forecast for Mar 24 based on 2 analysts is $51.01M, with a low forecast of $49.74M, and a high forecast of $51.86M. PLYM's average Quarter revenue forecast represents a 0.45% increase compared to the company's last Quarter revenue of $50.78M (Dec 23).
Plymouth Industrial REIT EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 10 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $29.14M | $22.88M | $23.42M | $30.00M | $28.93M | $29.22M | - | $25.03M | $19.57M | $18.71M | $16.86M | $16.80M | $15.81M | $14.16M |
| Avg Forecast | $23.15M | $23.03M | $22.91M | $22.78M | $22.76M | $22.62M | $22.47M | $22.33M | $30.78M | $30.32M | $29.89M | $29.44M | $29.24M | $28.55M | $29.13M | $25.99M | $29.05M | $28.80M | $28.33M | $23.63M | $27.83M | $12.87M | $25.60M | $21.48M | $19.54M | $11.70M | $16.86M | $17.47M | $15.81M | $15.88M |
| High Forecast | $23.53M | $23.41M | $23.28M | $23.16M | $23.14M | $22.99M | $22.84M | $22.70M | $31.29M | $30.82M | $30.39M | $29.92M | $29.72M | $29.17M | $29.61M | $31.19M | $29.29M | $29.17M | $28.80M | $28.35M | $28.29M | $15.44M | $25.60M | $25.77M | $23.44M | $14.04M | $20.23M | $20.96M | $18.97M | $19.06M |
| Low Forecast | $22.57M | $22.45M | $22.33M | $22.22M | $22.19M | $22.05M | $21.91M | $21.77M | $30.01M | $29.57M | $29.15M | $28.70M | $28.51M | $28.12M | $28.40M | $20.79M | $28.66M | $28.46M | $27.62M | $18.90M | $27.13M | $10.29M | $25.60M | $17.18M | $15.63M | $9.36M | $13.49M | $13.97M | $12.65M | $12.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.79% | 0.83% | 1.27% | 1.04% | 2.27% | - | 1.17% | 1.00% | 1.60% | 1.00% | 0.96% | 1.00% | 0.89% |
2 analysts predict PLYM's average Quarter EBITDA for Mar 24 to be $25.99M, with a high of $31.19M and a low of $20.79M. This is -10.81% lower than Plymouth Industrial REIT's previous annual EBITDA (Dec 23) of $29.14M.
Plymouth Industrial REIT Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 10 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.28M | $7.50M | $-3.60M | $-17.18M | $-3.71M | $-4.57M | - | $-4.41M | $-4.59M | $-3.59M | $-3.91M | $-2.92M | $-2.48M | $-3.63M |
| Avg Forecast | - | - | - | - | - | - | - | - | $1.80M | $900.55K | $450.27K | $450.27K | $-456.40K | $2.18M | $-1.59M | $-4.95M | $-1.84M | $-3.26M | $-4.84M | $-4.50M | $-5.85M | $-2.47M | $-6.30M | $-4.09M | $-4.23M | $-2.25M | $-3.91M | $-3.04M | $-2.48M | $-4.08M |
| High Forecast | - | - | - | - | - | - | - | - | $1.84M | $919.92K | $459.96K | $459.96K | $-441.61K | $2.36M | $-1.54M | $-3.96M | $-1.80M | $-2.33M | $-4.69M | $-3.60M | $-5.66M | $-1.98M | $-6.30M | $-3.28M | $-3.39M | $-1.80M | $-3.13M | $-2.43M | $-1.98M | $-3.26M |
| Low Forecast | - | - | - | - | - | - | - | - | $1.74M | $871.37K | $435.68K | $435.68K | $-466.22K | $2.08M | $-1.63M | $-5.95M | $-1.88M | $-4.65M | $-4.95M | $-5.41M | $-5.98M | $-2.96M | $-6.30M | $-4.91M | $-5.08M | $-2.69M | $-4.69M | $-3.64M | $-2.97M | $-4.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -5.03% | -2.30% | 0.74% | 3.81% | 0.63% | 1.85% | - | 1.08% | 1.08% | 1.60% | 1.00% | 0.96% | 1.00% | 0.89% |
Plymouth Industrial REIT's average Quarter net income forecast for Mar 24 is $-4.95M, with a range of $-5.95M to $-3.96M. PLYM's average Quarter net income forecast represents a -153.42% decrease compared to the company's last Quarter net income of $9.28M (Dec 23).
Plymouth Industrial REIT SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 10 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.32M | $3.30M | $3.84M | $3.45M | $4.16M | $4.08M | - | $3.55M | $3.34M | $3.26M | $3.31M | $3.01M | $2.98M | $2.28M |
| Avg Forecast | $3.63M | $3.61M | $3.59M | $3.57M | $3.57M | $3.54M | $3.52M | $3.50M | $4.82M | $4.75M | $4.68M | $4.61M | $4.58M | $4.47M | $4.56M | $3.99M | $4.55M | $4.51M | $4.44M | $3.63M | $4.36M | $2.24M | $4.01M | $3.30M | $3.08M | $2.04M | $3.31M | $3.13M | $2.98M | $2.56M |
| High Forecast | $3.69M | $3.67M | $3.65M | $3.63M | $3.63M | $3.60M | $3.58M | $3.56M | $4.90M | $4.83M | $4.76M | $4.69M | $4.66M | $4.57M | $4.64M | $4.79M | $4.59M | $4.57M | $4.51M | $4.35M | $4.43M | $2.69M | $4.01M | $3.96M | $3.70M | $2.45M | $3.97M | $3.76M | $3.58M | $3.07M |
| Low Forecast | $3.54M | $3.52M | $3.50M | $3.48M | $3.48M | $3.46M | $3.43M | $3.41M | $4.70M | $4.63M | $4.57M | $4.50M | $4.47M | $4.41M | $4.45M | $3.19M | $4.49M | $4.46M | $4.33M | $2.90M | $4.25M | $1.80M | $4.01M | $2.64M | $2.46M | $1.63M | $2.65M | $2.50M | $2.39M | $2.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.73% | 0.87% | 0.95% | 0.95% | 1.82% | - | 1.08% | 1.08% | 1.60% | 1.00% | 0.96% | 1.00% | 0.89% |
Plymouth Industrial REIT's average Quarter SG&A projection for Mar 24 is $3.99M, based on 2 Wall Street analysts, with a range of $3.19M to $4.79M. The forecast indicates a -7.57% fall compared to PLYM last annual SG&A of $4.32M (Dec 23).
Plymouth Industrial REIT EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 10 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.17 | $-0.00 | $-0.40 | $-0.09 | $-0.11 | - | $-0.12 | $-0.13 | $-0.11 | $-0.13 | $-0.11 | $-0.13 | $-0.19 |
| Avg Forecast | - | - | - | - | - | - | - | - | $0.04 | $0.02 | $0.01 | $0.01 | $-0.01 | $0.05 | $-0.04 | $-0.04 | $-0.04 | $-0.07 | $-0.11 | $-0.11 | $-0.13 | $-0.16 | $-0.14 | $-0.19 | $-0.13 | $-0.16 | $-0.19 | $-0.23 | $-0.24 | $-0.34 |
| High Forecast | - | - | - | - | - | - | - | - | $0.04 | $0.02 | $0.01 | $0.01 | $-0.01 | $0.05 | $-0.03 | $-0.04 | $-0.04 | $-0.05 | $-0.10 | $-0.10 | $-0.13 | $-0.15 | $-0.14 | $-0.19 | $-0.12 | $-0.16 | $-0.19 | $-0.22 | $-0.24 | $-0.33 |
| Low Forecast | - | - | - | - | - | - | - | - | $0.04 | $0.02 | $0.01 | $0.01 | $-0.01 | $0.05 | $-0.04 | $-0.04 | $-0.04 | $-0.10 | $-0.11 | $-0.11 | $-0.13 | $-0.16 | $-0.14 | $-0.19 | $-0.13 | $-0.16 | $-0.19 | $-0.23 | $-0.24 | $-0.34 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2.35% | 0.00% | 3.73% | 0.67% | 0.69% | - | 0.63% | 1.04% | 0.69% | 0.68% | 0.49% | 0.54% | 0.56% |
According to 4 Wall Street analysts, Plymouth Industrial REIT's projected average Quarter EPS for Dec 23 is $-0.04, with a low estimate of $-0.04 and a high estimate of $-0.04. This represents a -124.09% decrease compared to PLYM previous annual EPS of $0.17 (Sep 23).
Plymouth Industrial REIT Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LXP | LXP Industrial Trust | $10.10 | $14.00 | 38.61% | Buy |
| PLYM | Plymouth Industrial REIT | $22.77 | $25.40 | 11.55% | Buy |
| COLD | Americold Realty Trust | $29.13 | $32.25 | 10.71% | Buy |
| REXR | Rexford Industrial Realty | $49.35 | $54.00 | 9.42% | Buy |
| FR | First Industrial Realty Trust | $55.91 | $60.22 | 7.71% | Buy |
| EGP | EastGroup Properties | $184.94 | $189.60 | 2.52% | Buy |
| TRNO | Terreno Realty | $68.58 | $66.40 | -3.18% | Buy |
PLYM Forecast FAQ
Is Plymouth Industrial REIT a good buy?
Yes, according to 7 Wall Street analysts, Plymouth Industrial REIT (PLYM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 42.86% of PLYM's total ratings.
What is PLYM's price target?
Plymouth Industrial REIT (PLYM) average price target is $25.4 with a range of $24 to $27, implying a 11.50% from its last price of $22.78. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Plymouth Industrial REIT stock go up soon?
According to Wall Street analysts' prediction for PLYM stock, the company can go up by 11.50% (from the last price of $22.78 to the average price target of $25.4), up by 18.53% based on the highest stock price target, and up by 5.36% based on the lowest stock price target.
Can Plymouth Industrial REIT stock reach $30?
PLYM's average twelve months analyst stock price target of $25.4 does not support the claim that Plymouth Industrial REIT can reach $30 in the near future.
What is Plymouth Industrial REIT's current price target trend?
4 Wall Street analysts forecast a $25.5 price target for Plymouth Industrial REIT (PLYM) this month, up 11.94% from its last price of $22.78. Compared to the last 3 and 12 months, the average price target increased by 11.94% and increased by 11.63%, respectively.
What are Plymouth Industrial REIT's analysts' financial forecasts?
Plymouth Industrial REIT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $158.07M (high $160.69M, low $154.13M), average EBITDA is $90.18M (high $91.67M, low $87.93M), average net income is $0 (high $0, low $0), average SG&A $14.13M (high $14.36M, low $13.78M), and average EPS is $0 (high $0, low $0). PLYM's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $161.03M (high $163.69M, low $157.01M), average EBITDA is $91.86M (high $93.39M, low $89.58M), average net income is $0 (high $0, low $0), average SG&A $14.4M (high $14.63M, low $14.04M), and average EPS is $0 (high $0, low $0).
Did the PLYM's actual financial results beat the analysts' financial forecasts?
Based on Plymouth Industrial REIT's last annual report (Dec 2023), the company's revenue was $199.85M, beating the average analysts forecast of $198.91M by 0.47%. Apple's EBITDA was $92.89M, missing the average prediction of $109.8M by -15.40%. The company's net income was $8.79M, missing the average estimation of $-14.446M by -160.85%. Apple's SG&A was $14.9M, missing the average forecast of $17.13M by -13.00%. Lastly, the company's EPS was $0.0002, missing the average prediction of $-0.328 by -100.06%. In terms of the last quarterly report (Dec 2023), Plymouth Industrial REIT's revenue was $50.78M, missing the average analysts' forecast of $50.91M by -0.25%. The company's EBITDA was $29.14M, beating the average prediction of $29.05M by 0.32%. Plymouth Industrial REIT's net income was $9.28M, missing the average estimation of $-1.844M by -603.12%. The company's SG&A was $4.32M, missing the average forecast of $4.55M by -5.13%. Lastly, the company's EPS was $0, missing the average prediction of $-0.0409 by -100.00%