Plymouth Industrial REIT (PLYM) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

PLYM Stock Forecast

Plymouth Industrial REIT stock forecast is as follows: an average price target of $24.00 (represents a 33.33% upside from PLYM’s last price of $18.00) 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 $24.00 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $26.00 to $22.00. This represents a potential 33.33% upside from PLYM's last price of $18.00.

PLYM Analyst Ratings

Buy

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
Nov 29, 2024	Anthony Hau	Truist Financial	$22.00	$18.86	16.62%	22.22%
Sep 20, 2024	David Rodgers	Robert W. Baird	$26.00	$23.27	11.73%	44.44%
Sep 03, 2024	Michael Mueller	Industrial Alliance Securities	$24.00	$23.72	1.18%	33.33%
Aug 28, 2024	John Kim	Industrial Alliance Securities	$25.00	$23.98	4.23%	38.89%
Aug 28, 2024	Anthony Hau	Truist Financial	$27.00	$23.98	12.57%	50.00%
Aug 13, 2024	Anthony Hau	Truist Financial	$26.00	$23.18	12.17%	44.44%
May 07, 2024	David Rodgers	Robert W. Baird	$24.00	$20.48	17.19%	33.33%
Apr 02, 2024	Craig Mailman	KeyBanc	$25.00	$21.37	16.99%	38.89%
Jan 22, 2024	Mitch Germain	JMP Securities	$27.00	$23.04	17.19%	50.00%

The latest Plymouth Industrial REIT stock forecast, released on Nov 29, 2024 by Anthony Hau from Truist Financial, set a price target of $22.00, which represents a 16.62% increase from the stock price at the time of the forecast ($18.86), and a 22.22% increase from PLYM last price ($18.00).

Plymouth Industrial REIT Price Target by Period

	1M	3M	12M
# Anlaysts	1	2	9
Avg Price Target	$22.00	$24.00	$25.11
Last Closing Price	$18.00	$18.00	$18.00
Upside/Downside	22.22%	33.33%	39.50%

In the current month, the average price target of Plymouth Industrial REIT stock is $22.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 22.22% increase as opposed to Plymouth Industrial REIT's last price of $18.00. This month's average price target is down -8.33% compared to last quarter, and down -12.39% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Sep 24, 2024	KeyBanc	Overweight	Overweight	Hold
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 KeyBanc on Sep 24, 2024. The company gave PLYM a "Overweight" 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	Jun 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	$45.61M	$42.81M	$39.88M	$35.96M	$32.85M	$31.92M	$29.97M	$27.52M
Avg Forecast	$40.56M	$40.34M	$40.13M	$39.92M	$57.40M	$56.70M	$55.90M	$55.10M	$53.75M	$52.94M	$52.15M	$51.82M	$50.76M	$50.02M	$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	$41.05M	$40.84M	$40.62M	$40.41M	$58.11M	$57.40M	$56.59M	$55.78M	$54.41M	$53.59M	$52.79M	$52.46M	$52.07M	$50.30M	$51.06M	$51.01M	$51.34M	$51.13M	$50.26M	$48.46M	$49.38M	$46.52M	$44.87M	$41.08M	$38.39M	$34.31M	$32.77M	$30.50M	$27.26M	$25.57M
Low Forecast	$39.95M	$39.74M	$39.53M	$39.32M	$56.54M	$55.85M	$55.06M	$54.28M	$52.95M	$52.15M	$51.37M	$51.05M	$49.05M	$49.73M	$51.06M	$51.01M	$50.23M	$49.89M	$48.91M	$47.15M	$48.05M	$46.52M	$44.87M	$41.08M	$38.39M	$34.31M	$32.77M	$30.50M	$27.26M	$25.57M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	1	2	2	4	4	2	2	1	1	1	1	2	2	2	2	2	8
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00%	0.99%	1.00%	1.03%	0.97%	1.03%	1.02%	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 $51.01M, and a high forecast of $51.01M. 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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	1	2	2	4	4	2	2	1	1	1	1	2	2	2	2	2	8
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$29.14M	$22.88M	$23.42M	$30.00M	$28.93M	$29.22M	$27.67M	$25.03M	$19.57M	$18.71M	$16.86M	$16.80M	$15.81M	$14.16M
Avg Forecast	$23.63M	$23.50M	$23.38M	$23.26M	$33.44M	$33.03M	$32.57M	$32.10M	$31.32M	$30.84M	$30.38M	$30.19M	$29.57M	$29.14M	$29.75M	$25.99M	$29.66M	$29.41M	$28.93M	$23.63M	$21.49M	$26.54M	$25.60M	$21.48M	$21.90M	$19.58M	$18.69M	$17.47M	$15.55M	$14.59M
High Forecast	$23.92M	$23.79M	$23.67M	$23.54M	$33.85M	$33.44M	$32.97M	$32.50M	$31.70M	$31.22M	$30.76M	$30.56M	$30.34M	$29.31M	$29.75M	$31.19M	$29.91M	$29.79M	$29.28M	$28.35M	$25.79M	$26.54M	$25.60M	$25.77M	$21.90M	$19.58M	$18.69M	$20.96M	$15.55M	$14.59M
Low Forecast	$23.27M	$23.15M	$23.03M	$22.91M	$32.94M	$32.54M	$32.08M	$31.62M	$30.85M	$30.38M	$29.93M	$29.74M	$28.58M	$28.97M	$29.75M	$20.79M	$29.27M	$29.07M	$28.50M	$18.90M	$17.19M	$26.54M	$25.60M	$17.18M	$21.90M	$19.58M	$18.69M	$13.97M	$15.55M	$14.59M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.98%	0.78%	0.81%	1.27%	1.35%	1.10%	1.08%	1.17%	0.89%	0.96%	0.90%	0.96%	1.02%	0.97%

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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	1	2	2	4	4	2	2	1	1	1	1	2	2	2	2	2	8
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$9.28M	$7.50M	$-3.60M	$-17.18M	$-3.71M	$-4.57M	$-4.41M	$-4.41M	$-4.59M	$-3.59M	$-3.91M	$-2.92M	$-2.48M	$-3.63M
Avg Forecast	-	-	-	-	-	-	-	-	$2.70M	$1.80M	$1.35M	$900.18K	$1.41M	$1.30M	$-1.59M	$-4.95M	$-1.84M	$-3.25M	$-4.84M	$-4.50M	$-4.65M	$-7.20M	$-6.30M	$-4.09M	$-5.63M	$-7.20M	$-8.56M	$-3.04M	$-10.81M	$-15.31M
High Forecast	-	-	-	-	-	-	-	-	$2.74M	$1.83M	$1.37M	$937.69K	$1.47M	$1.32M	$-1.56M	$-3.96M	$-1.80M	$-2.32M	$-4.75M	$-3.60M	$-3.72M	$-7.20M	$-6.30M	$-3.28M	$-5.63M	$-7.20M	$-8.56M	$-2.43M	$-10.81M	$-15.31M
Low Forecast	-	-	-	-	-	-	-	-	$2.65M	$1.77M	$1.32M	$862.68K	$1.38M	$1.27M	$-1.62M	$-5.95M	$-1.87M	$-4.65M	$-4.92M	$-5.41M	$-5.59M	$-7.20M	$-6.30M	$-4.91M	$-5.63M	$-7.20M	$-8.56M	$-3.64M	$-10.81M	$-15.31M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5.03%	-2.31%	0.74%	3.81%	0.80%	0.63%	0.70%	1.08%	0.81%	0.50%	0.46%	0.96%	0.23%	0.24%

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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	1	2	2	4	4	2	2	1	1	1	1	2	2	2	2	2	8
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$4.32M	$3.30M	$3.84M	$3.45M	$4.16M	$4.08M	$4.15M	$3.55M	$3.34M	$3.26M	$3.31M	$3.01M	$2.98M	$2.28M
Avg Forecast	$3.63M	$3.61M	$3.59M	$3.57M	$5.13M	$5.07M	$5.00M	$4.93M	$4.81M	$4.73M	$4.66M	$4.63M	$4.54M	$4.47M	$4.56M	$3.99M	$4.55M	$4.51M	$4.44M	$3.63M	$3.39M	$4.16M	$4.01M	$3.30M	$3.43M	$3.07M	$2.93M	$3.13M	$2.44M	$2.29M
High Forecast	$3.67M	$3.65M	$3.63M	$3.61M	$5.19M	$5.13M	$5.06M	$4.99M	$4.86M	$4.79M	$4.72M	$4.69M	$4.65M	$4.50M	$4.56M	$4.79M	$4.59M	$4.57M	$4.49M	$4.35M	$4.06M	$4.16M	$4.01M	$3.96M	$3.43M	$3.07M	$2.93M	$3.76M	$2.44M	$2.29M
Low Forecast	$3.57M	$3.55M	$3.53M	$3.51M	$5.05M	$4.99M	$4.92M	$4.85M	$4.73M	$4.66M	$4.59M	$4.56M	$4.38M	$4.45M	$4.56M	$3.19M	$4.49M	$4.46M	$4.37M	$2.90M	$2.71M	$4.16M	$4.01M	$2.64M	$3.43M	$3.07M	$2.93M	$2.50M	$2.44M	$2.29M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.95%	0.73%	0.87%	0.95%	1.23%	0.98%	1.03%	1.08%	0.97%	1.06%	1.13%	0.96%	1.22%	1.00%

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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	1	2	2	4	4	2	2	1	1	1	1	2	2	2	2	2	8
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.17	$-0.00	$-0.40	$-0.09	$-0.11	$-0.11	$-0.12	$-0.13	$-0.11	$-0.13	$-0.11	$-0.13	$-0.19
Avg Forecast	-	-	-	-	-	-	-	-	$0.06	$0.04	$0.03	$0.02	$0.03	$0.03	$-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	-	-	-	-	-	-	-	-	$0.06	$0.04	$0.03	$0.02	$0.03	$0.03	$-0.03	$-0.04	$-0.04	$-0.05	$-0.11	$-0.11	$-0.13	$-0.16	$-0.14	$-0.19	$-0.13	$-0.16	$-0.19	$-0.23	$-0.24	$-0.34
Low Forecast	-	-	-	-	-	-	-	-	$0.06	$0.04	$0.03	$0.02	$0.03	$0.03	$-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%	0.79%	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
COLD	Americold Realty Trust	$22.32	$31.20	39.78%	Buy
REXR	Rexford Industrial Realty	$39.92	$51.80	29.76%	Buy
PLYM	Plymouth Industrial REIT	$19.10	$24.00	25.65%	Buy
LXP	LXP Industrial Trust	$8.78	$11.00	25.28%	Buy
EGP	EastGroup Properties	$167.72	$201.67	20.24%	Buy
TRNO	Terreno Realty	$61.98	$73.33	18.31%	Buy
FR	First Industrial Realty Trust	$52.01	$59.00	13.44%	Hold

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 $24 with a range of $22 to $26, implying a 33.33% from its last price of $18. 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 33.33% (from the last price of $18 to the average price target of $24), up by 44.44% based on the highest stock price target, and up by 22.22% based on the lowest stock price target.

Can Plymouth Industrial REIT stock reach $30?

PLYM's average twelve months analyst stock price target of $24 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?

1 Wall Street analyst forecast a $22 price target for Plymouth Industrial REIT (PLYM) this month, up 22.22% from its last price of $18. Compared to the last 3 and 12 months, the average price target increased by 33.33% and increased by 39.50%, 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 $225.1M (high $227.87M, low $221.73M), average EBITDA is $131.15M (high $132.76M, low $129.19M), average net income is $0 (high $0, low $0), average SG&A $20.12M (high $20.37M, low $19.82M), 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 $160.94M (high $162.92M, low $158.53M), average EBITDA is $93.77M (high $94.92M, low $92.37M), average net income is $0 (high $0, low $0), average SG&A $14.39M (high $14.56M, low $14.17M), 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 $111.63M by -16.79%. The company's net income was $8.79M, missing the average estimation of $-14.442M by -160.87%. 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, missing the average prediction of $29.66M by -1.77%. Plymouth Industrial REIT's net income was $9.28M, missing the average estimation of $-1.843M by -603.32%. 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%