
PLYM Stock Forecast & Price Target
PLYM Analyst Ratings
Bulls say
Plymouth Industrial REIT Inc. is poised for a positive outlook, driven by its ability to achieve an impressive 6.2% cap rate on its $365 million Chicago portfolio alongside a strong demand for industrial properties that is outpacing supply, leading to favorable occupancy and rental rate growth. The company has considerable acquisition capacity and attractive capital sources as interest rates decline, allowing it to leverage its recent $100.5 million acquisition funded partly through a 7.0% preferred equity tranche. Additionally, the prospect of significant mark-to-market rents and the potential for elevated future returns on preferred yields bolsters optimism regarding the company's financial performance.
Bears say
The negative outlook on Plymouth Industrial REIT's stock is primarily driven by concerns surrounding increased operational complexity resulting from its joint venture with Sixth Street, which may lead to higher costs. Additionally, the company faces significant risks related to rising interest rates, increasing capitalization rates, and economic fluctuations that could adversely impact occupancy and rental revenue. The financial stability of tenants, along with potential competition and environmental issues, further heightens the uncertainties regarding the overall health of Plymouth Industrial REIT's investment portfolio.
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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