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


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PLYM Stock Forecast


Plymouth Industrial REIT stock forecast is as follows: an average price target of $25.80 (represents a 27.79% upside from PLYM’s last price of $20.19) 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 $25.80 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 27.79% upside from PLYM's last price of $20.19.

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 20, 2024David RodgersRobert W. Baird$26.00$23.2711.73%28.78%
Sep 03, 2024Michael MuellerIndustrial Alliance Securities$24.00$23.721.18%18.87%
Aug 28, 2024John KimIndustrial Alliance Securities$25.00$23.984.23%23.82%
Aug 28, 2024Anthony HauTruist Financial$27.00$23.9812.57%33.73%
Aug 13, 2024Anthony HauTruist Financial$26.00$23.1812.17%28.78%
May 07, 2024David RodgersRobert W. Baird$24.00$20.4817.19%18.87%
Apr 02, 2024Craig MailmanKeyBanc$25.00$21.3716.99%23.82%
Jan 22, 2024Mitch GermainJMP Securities$27.00$23.0417.19%33.73%
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The latest Plymouth Industrial REIT stock forecast, released on Sep 20, 2024 by David Rodgers from Robert W. Baird, set a price target of $26.00, which represents a 11.73% increase from the stock price at the time of the forecast ($23.27), and a 28.78% increase from PLYM last price ($20.19).

Plymouth Industrial REIT Price Target by Period


1M3M12M
# Anlaysts-58
Avg Price Target-$25.60$25.50
Last Closing Price$20.19$20.19$20.19
Upside/Downside-100.00%26.80%26.30%

In the current month, the average price target of Plymouth Industrial REIT stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Plymouth Industrial REIT's last price of $20.19. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 24, 2024KeyBancOverweightOverweightHold
Aug 28, 2024BMO CapitalMarket PerformMarket PerformHold
Aug 14, 2024BarclaysEqual-WeightEqual-WeightHold
Aug 05, 2024B. RileyBuyBuyHold
Jul 12, 2024Wedbush-NeutralInitialise
Apr 02, 2024KeyBancOverweightOverweightHold
Jan 22, 2024JMP Securities-OutperformUpgrade
Apr 26, 2022Zacks Investment Research-SellDowngrade
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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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 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$48.89M$48.36M$47.84M$47.31M$53.02M$52.27M$51.61M$51.29M$50.97M$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$40.56M$40.34M$40.13M$39.92M$48.89M$48.36M$47.84M$47.31M$53.02M$52.27M$51.61M$51.29M$50.97M$51.26M$51.06M$51.01M$51.34M$51.13M$49.65M$47.87M$48.78M$46.52M$44.87M$41.08M$38.39M$34.31M$32.77M$30.50M$27.26M$25.57M
Low Forecast$40.56M$40.34M$40.13M$39.92M$48.89M$48.36M$47.84M$47.31M$53.02M$52.27M$51.61M$51.29M$50.97M$48.76M$51.06M$51.01M$50.23M$49.89M$49.65M$47.87M$48.78M$46.52M$44.87M$41.08M$38.39M$34.31M$32.77M$30.50M$27.26M$25.57M
# Analysts222222221111242244221111222228
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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221111242244221111222228
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$23.14M$23.01M$22.89M$22.77M$27.89M$27.59M$27.29M$26.99M$30.25M$29.82M$29.45M$29.26M$29.08M$28.53M$29.13M$25.99M$29.05M$28.80M$28.33M$23.63M$21.49M$26.54M$25.60M$21.48M$21.90M$19.58M$18.69M$17.47M$15.55M$14.59M
High Forecast$23.14M$23.01M$22.89M$22.77M$27.89M$27.59M$27.29M$26.99M$30.25M$29.82M$29.45M$29.26M$29.08M$29.24M$29.13M$31.19M$29.29M$29.17M$28.33M$28.35M$25.79M$26.54M$25.60M$25.77M$21.90M$19.58M$18.69M$20.96M$15.55M$14.59M
Low Forecast$23.14M$23.01M$22.89M$22.77M$27.89M$27.59M$27.29M$26.99M$30.25M$29.82M$29.45M$29.26M$29.08M$27.82M$29.13M$20.79M$28.66M$28.46M$28.33M$18.90M$17.19M$26.54M$25.60M$17.18M$21.90M$19.58M$18.69M$13.97M$15.55M$14.59M
Surprise %----------------1.00%0.79%0.83%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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221111242244221111222228
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$900.55K$-154.17K$1.30M$-1.59M$-4.95M$-1.84M$-3.26M$-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--------$2.70M$1.80M$1.35M$900.55K$-154.17K$1.41M$-1.59M$-3.96M$-1.80M$-2.33M$-4.84M$-3.60M$-3.72M$-7.20M$-6.30M$-3.28M$-5.63M$-7.20M$-8.56M$-2.43M$-10.81M$-15.31M
Low Forecast--------$2.70M$1.80M$1.35M$900.55K$-154.17K$1.25M$-1.59M$-5.95M$-1.84M$-4.65M$-4.84M$-5.41M$-5.59M$-7.20M$-6.30M$-4.91M$-5.63M$-7.20M$-8.56M$-3.64M$-10.81M$-15.31M
Surprise %-----------------5.03%-2.30%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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221111242244221111222228
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$4.37M$4.32M$4.28M$4.23M$4.74M$4.67M$4.61M$4.59M$4.56M$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$3.63M$3.61M$3.59M$3.57M$4.37M$4.32M$4.28M$4.23M$4.74M$4.67M$4.61M$4.59M$4.56M$4.58M$4.56M$4.79M$4.59M$4.57M$4.44M$4.35M$4.06M$4.16M$4.01M$3.96M$3.43M$3.07M$2.93M$3.76M$2.44M$2.29M
Low Forecast$3.63M$3.61M$3.59M$3.57M$4.37M$4.32M$4.28M$4.23M$4.74M$4.67M$4.61M$4.59M$4.56M$4.36M$4.56M$3.19M$4.49M$4.46M$4.44M$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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts222222221111242244221111222228
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$0.02$-0.00$0.03$-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$0.02$-0.00$0.03$-0.04$-0.04$-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$0.02$-0.00$0.03$-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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
LXPLXP Industrial Trust$9.29$12.5034.55%Buy
PLYMPlymouth Industrial REIT$20.19$25.8027.79%Buy
REXRRexford Industrial Realty$43.17$54.0025.09%Buy
COLDAmericold Realty Trust$25.81$32.2524.95%Buy
TRNOTerreno Realty$60.67$68.6713.19%Buy
EGPEastGroup Properties$170.86$191.0011.79%Buy
FRFirst Industrial Realty Trust$52.59$58.4511.14%Hold

PLYM Forecast FAQ


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.

Plymouth Industrial REIT (PLYM) average price target is $25.8 with a range of $24 to $27, implying a 27.79% from its last price of $20.19. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PLYM stock, the company can go up by 27.79% (from the last price of $20.19 to the average price target of $25.8), up by 33.73% based on the highest stock price target, and up by 18.87% based on the lowest stock price target.

PLYM's average twelve months analyst stock price target of $25.8 does not support the claim that Plymouth Industrial REIT can reach $30 in the near future.

Plymouth Industrial REIT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $192.39M (high $192.39M, low $192.39M), average EBITDA is $109.76M (high $109.76M, low $109.76M), average net income is $0 (high $0, low $0), average SG&A $17.2M (high $17.2M, low $17.2M), 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 $160.94M, low $160.94M), average EBITDA is $91.82M (high $91.82M, low $91.82M), average net income is $0 (high $0, low $0), average SG&A $14.39M (high $14.39M, low $14.39M), and average EPS is $0 (high $0, low $0).

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%