Stock Track | Plymouth Industrial REIT Soars 5.01% Despite Mixed Q1 Earnings Report

Stock Track
02 May

Plymouth Industrial REIT Inc. (PLYM) saw its stock price surge 5.01% in Friday's pre-market trading, despite reporting mixed results for the first quarter of 2025. The industrial real estate investment trust's shares climbed despite missing analyst expectations on both earnings per share and revenue.

According to the company's earnings report, Plymouth Industrial REIT posted a quarterly adjusted loss of 18 cents per share, lower than the 14 cents earnings per share reported in the same quarter last year. This figure also fell short of the average analyst expectation of a 10 cents per share loss. Revenue for the quarter declined 9.2% year-over-year to $45.57 million, below the $47.69 million analysts had forecasted.

Despite the mixed results, investors appear to be focusing on positive aspects of the report or have an optimistic outlook for the company's future. The REIT reported a quarterly net income of $5.76 million, which may have contributed to the stock's upward movement. Additionally, analyst recommendations remain largely positive, with 4 "strong buy" or "buy" ratings, 5 "hold" ratings, and only 1 "sell" or "strong sell" rating. The current Wall Street median 12-month price target for Plymouth Industrial REIT stands at $18.00, suggesting potential upside from current levels. This positive sentiment, combined with possible oversold conditions following the stock's 16.5% year-to-date decline, may be driving today's surge in share price.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10