
PLYM Stock Forecast & Price Target
PLYM Analyst Ratings
Bulls say
Plymouth Industrial REIT is well-positioned for strong financial performance, as the current demand for industrial properties continues to outpace supply, promising substantial rental rate increases and higher-than-expected Adjusted Funds From Operations (AFFO) growth. The company has recorded better-than-anticipated occupancy gains, further enhancing its income generation capabilities from its portfolio primarily located in key U.S. markets. Additionally, shareholders stand to benefit from a notable premium in recent offers, underscoring the perceived value of PLYM compared to both its historical price and consensus net asset value.
Bears say
Plymouth Industrial REIT's recent underperformance has been attributed to the complexities introduced by Sixth Street's investment, which negatively impacts its capital structure and investment strategy. The issuance of warrants amounting to 12.4 million shares at $24.88 per share has led to significant share dilution, making the company's stock less attractive and complicating potential competing bids. This dilution effect is expected to increase the cost of any competing offer by 90 to 120 basis points, further straining the company's financial positioning.
This aggregate rating is based on analysts' research of Plymouth Industrial REIT and is not a guaranteed prediction by Public.com or investment advice.
PLYM Analyst Forecast & Price Prediction
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