
PLYM Stock Forecast & Price Target
PLYM Analyst Ratings
Bulls say
Plymouth Industrial REIT has demonstrated a strong potential for significant growth in adjusted funds from operations (AFFO) due to an ongoing demand for industrial properties, which is expected to outstrip supply, leading to substantial rental rate increases. The company's occupancy rates have surpassed expectations, reinforcing its positive outlook as industrial demand accelerates in various markets across the United States. Additionally, the recent acquisition offer reflects a substantial premium over the company's recent trading prices, indicating favorable valuation for shareholders and further strengthening the investment case for Plymouth Industrial REIT.
Bears say
Plymouth Industrial REIT's financial outlook appears negatively impacted by the complexities introduced by Sixth Street's investment, which has contributed to the company's underperformance and convoluted capital structure. The issuance of warrants amounting to 12.4 million shares at an exercise price of $24.88 each creates significant share dilution, exacerbating the cost for any potential competing bids. Furthermore, the associated premium of 90-120 basis points required for a competing offer due to these warrants further complicates the investment scenario, indicating potential challenges in attracting new investment interest.
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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