
PLYM Stock Forecast & Price Target
PLYM Analyst Ratings
Bulls say
Plymouth Industrial REIT is poised for significant growth as demand for industrial properties continues to outstrip supply, which could lead to substantial rental rate increases and higher-than-expected Adjusted Funds From Operations (AFFO) growth. The company has demonstrated its ability to achieve better-than-expected occupancy gains, further enhancing its revenue potential from its strategically located Class B industrial properties across key U.S. markets. Additionally, a recent offer reflected a considerable premium to both its pre-offer closing price and the 30-day volume-weighted average price, indicating strong market confidence in the company's valuation and future prospects.
Bears say
Plymouth Industrial REIT's stock outlook is negatively impacted by its overcomplicated capital structure, stemming from Sixth Street's investment that has been identified as a catalyst for the company's underperformance. The presence of Sixth Street's warrants, which involve the potential dilution of 12.4 million shares at $24.88 each, has raised concerns regarding the competitive bidding environment and increased costs for prospective buyers. This dilution is expected to deter competing offers, further complicating the firm’s financial position and limiting its potential for recovery.
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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