Plymouth Industrial REIT Stock (NYSE: PLYM)

Plymouth Industrial REIT (NYSE:PLYM) Stock, Quote.Headers.trade-ideas

Plymouth Industrial REIT

Plymouth Industrial REIT, Inc. Common Stock

Plymouth Industrial REIT Inc is a full-service, vertically integrated, self-administered, and self-managed Maryland corporation. It is focused on the acquisition, ownership, and management of single and multi-tenant Class B industrial properties, including distribution centers, warehouses, and light industrial properties, located in secondary and primary markets across the United States. The company has one reportable segment, which is Industrial properties. The majority of its property portfolio is spread across Florida, Ohio, Indiana, Tennessee, Illinois and Georgia, among others. It receives income primarily from the rental revenue through its properties.

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JMP Securities analyst Mitch Germain reiterates Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) with a Market Outperform and maintains $27 price target.

News

Price Target

Reiteration

Analyst Ratings

JMP Securities Reiterates Market Outperform on Plymouth Industrial REIT, Maintains $27 Price Target

Truist Securities analyst Anthony Hau maintains Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) with a Buy and raises the price target from $26 to $27.

Truist Securities Maintains Buy on Plymouth Industrial REIT, Raises Price Target to $27

BMO Capital analyst John Kim maintains Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) with a Market Perform and lowers the price target from $26 to $25.

BMO Capital Maintains Market Perform on Plymouth Industrial REIT, Lowers Price Target to $25

<ul>
<li>The transaction provides Plymouth with approximately&nbsp;$500 million&nbsp;of capital to pursue acquisitions</li>
<li>Sixth Street intends to be a strategic partner in pursuing additional joint venture opportunities with Plymouth in both new and existing industrial markets</li>
<li>Sixth Street to provide a total of&nbsp;$250 million&nbsp;of capital in the form of a&nbsp;65%&nbsp;joint venture ownership of Plymouth&#39;s Chicago portfolio and a non-convertible preferred equity investment into the Operating Partnership</li>
<li>Plymouth will contribute its Chicago-area properties to the joint venture with Sixth Street at a&nbsp;6.2%&nbsp;capitalization rate for a total gross asset value of approximately&nbsp;$356 million&nbsp;and will retain&nbsp;35%&nbsp;ownership of the approximately 5.9 million-square-foot portfolio</li>
<li>The transaction is leverage-neutral with overall leverage expected to decline sequentially in the&nbsp;fourth quarter&nbsp;after closing of the joint venture and remain in line with Plymouth&#39;s stated leverage targets for 2024</li>
<li>Plymouth affirmed its previously issued 2024 Core FFO full year&nbsp;guidance&nbsp;range of&nbsp;$1.88&nbsp;to&nbsp;$1.90&nbsp;per share provided on August 1, 2024</li>
</ul>

Plymouth REIT Partners With Sixth Street, Secures $500M For Growth

Barclays analyst Brendan Lynch maintains Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) with a Equal-Weight and raises the price target from $22 to $25.

Barclays Maintains Equal-Weight on Plymouth Industrial REIT, Raises Price Target to $25

Throughout the last three months, 4 analysts have evaluated Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>), offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Plymouth Industrial REIT, presenting an average target of $25.25, a high estimate of $27.00, and a low estimate of $23.00. Marking an increase of 4.12%, the current average surpasses the previous average price target of $24.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1723561227_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A clear picture of Plymouth Industrial REIT's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Anthony Hau</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$26.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Henry Coffey</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$25.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Bryan Maher</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$27.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Michael Mueller</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$23.00</td>
<td>$24.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Plymouth Industrial REIT. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Plymouth Industrial REIT compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Plymouth Industrial REIT's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Plymouth Industrial REIT's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PLYM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Plymouth Industrial REIT analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Plymouth Industrial REIT: A Closer Look</h2>
Plymouth Industrial REIT Inc is a full-service, vertically integrated, self-administered, and self-managed Maryland corporation. It is focused on the acquisition, ownership, and management of single and multi-tenant Class B industrial properties, including distribution centers, warehouses, and light industrial properties, located in secondary and primary markets across the United States. The company has one reportable segment, which is Industrial properties. The majority of its property portfolio is spread across Florida, Ohio, Indiana, Tennessee, Illinois and Georgia, among others. It receives income primarily from the rental revenue through its properties.
<h3>A Deep Dive into Plymouth Industrial REIT's Financials</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Plymouth Industrial REIT's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -2.43%. This indicates a decrease in the company's top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Plymouth Industrial REIT's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 2.51%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Plymouth Industrial REIT's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.25%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Plymouth Industrial REIT's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.09%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Plymouth Industrial REIT's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.83, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Plymouth Industrial REIT

Truist Securities analyst Anthony Hau maintains Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) with a Buy and raises the price target from $24 to $26.

Truist Securities Maintains Buy on Plymouth Industrial REIT, Raises Price Target to $26

Wedbush analyst Henry Coffey maintains Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) with a Neutral and raises the price target from $23 to $25.

Wedbush Maintains Neutral on Plymouth Industrial REIT, Raises Price Target to $25

B. Riley Securities analyst Bryan Maher maintains Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) with a Buy and raises the price target from $26 to $27.

B. Riley Securities Maintains Buy on Plymouth Industrial REIT, Raises Price Target to $27

Guidance

Plymouth Industrial REIT Sees FY24 Core FFO $1.88-$1.90

Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.46 by 6.52 percent. The company reported quarterly sales of $48.649 million which missed the analyst consensus estimate of $50.897 million by 4.42 percent. This is a 2.51 percent decrease over sales of $49.899 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Plymouth Industrial REIT Q2 2024 FFO $0.49 Beats $0.46 Estimate, Sales $48.649M Miss $50.897M Estimate

JP Morgan analyst Michael Mueller maintains Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) with a Underweight and lowers the price target from $24 to $23.

JP Morgan Maintains Underweight on Plymouth Industrial REIT, Lowers Price Target to $23

Plymouth Industrial REIT Affirms 2024 Core FFO Guidance $1.88-$1.92

Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) reported quarterly earnings of $0.45 per share which missed the analyst consensus estimate of $0.47 by 4.26 percent. The company reported quarterly sales of $50.190 million which missed the analyst consensus estimate of $51.031 million by 1.65 percent. This is a 1.66 percent increase over sales of $49.371 million the same period last year.

Plymouth Industrial REIT Q1 2024 FFO $0.45 Misses $0.47 Estimate, Sales $50.190M Miss $51.031M Estimate

Industrial real estate investment trusts (REITs) own and manage income-generating industrial properties, such as warehouses, distribution centers, logistics facilities, and manufacturing plants. Industrial REITs generate income by leasing the properties.
Investors in industrial REITs can benefit from the demand for space in the logistics and manufacturing sectors. The growth of e-commerce and the need for efficient supply chain management have contributed to the growth of the space in recent years. Similar to other REITs, industrial REITs are required to distribute a significant portion of their income to shareholders in the form of dividends.
If you're interested in investing in industrial REITs, here are three you could buy today.
<h2 class="wp-block-heading">Plymouth Industrial REIT</h2>
Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) owns, operates, and manages a portfolio of 211 single and multi-tenant industrial properties totaling approximately 34 million square feet. Nearly all of its properties reside inside the "Golden Triangle" region of the United States, which contains over 70% of the U.S. population.&nbsp;
Plymouth currently pays a quarterly dividend of $0.24 per share, equating to an annualized dividend of $0.96 per share, which gives its stock a yield of about 4.8% at the time of this writing.&nbsp;
Plymouth has also raised its annual dividend each of the last three years, and its 6.7% hike in February has it on track for 2024 to mark the fourth consecutive year with an increase.
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<h2 class="wp-block-heading">Rexford Industrial Realty</h2>
Rexford Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REXR#NYSE">REXR</a>) is one of the largest industrial REITs in the United States. Its portfolio currently consists of 422 properties containing approximately 49.2 million rentable square feet.
Rexford currently pays a quarterly dividend of $0.4175 per share, equating to an annualized dividend of $1.67 per share, which gives its stock a yield of about 3.9% at the time of this writing.
Rexford has raised its annual dividend payment for 10 consecutive years, and its 10% hike in February has it on pace for 2024 to mark the 11th consecutive year with an increase.
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<h2 class="wp-block-heading">First Industrial Realty Trust</h2>
First Industrial Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>) owns and operates a portfolio of logistics properties containing approximately 68.1 million square feet of industrial space. Its properties are concentrated in 15 major markets, including Atlanta, Baltimore, Central and South Florida, Chicago, Cincinnati, Dallas, Detroit, Nashville, Phoenix, and Seattle.
First Industrial currently pays a quarterly dividend of $0.37 per share, equating to an annualized dividend of $1.48 per share, which gives its stock a yield of about 3.3% at the time of this writing.
Like Rexford, First Industrial has raised its annual dividend for 10 consecutive years, and its 15.6% hike in February has it on track for 2024 to mark the 11th consecutive year with an increase.
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Image Credit: Shutterstock

Investors looking over the vast number of real estate investment trusts (REITs) are sometimes confused as to which ones will most likely create both appreciation and a good dividend return over time. The combination of these two performance matrices creates the "total return" of the REIT.
Many REITs perform well for short periods but do not sustain those results over a longer period. With the headwinds of COVID-19, inflation and increases in interest rates over the past five years, it hasn't been an easy time for the REIT sector in general.
However, some individual REITs have withstood the headwinds and captured excellent gains. Take a look at four REITs with double-digit total returns over the past three- and five-year time frames.
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Iron Mountain Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) is a Portsmouth, New Hampshire-based specialty REIT with a focus on information management and storage, data center infrastructure and asset lifecycle management. Iron Mountain was founded in 1951 and has more than 240,000 customers worldwide. In recent years, it has shifted its focus from paper storage to data storage.&nbsp;
On Feb. 22, Iron Mountain reported its fourth-quarter operating results. Funds from operations (FFO) of $0.83 per share beat the consensus estimate of $0.81 and its FFO of $0.74 per share in the fourth quarter of 2022. Revenue of $1.42 billion beat the fourth-quarter 2022 revenue of $1.28 billion but could not meet the analyst estimates of $1.45 billion.
On March 15, Wells Fargo analyst Eric Luebchow maintained an Overweight position on Iron Mountain and raised the price target from $80 to $90. Barclays' analyst Brendan Lewis also has an Overweight position from early March on Iron Mountain, with a $91 price target.
Iron Mountain's three- and five-year total returns are 129.4% and 150.54% respectively.
Tanger Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKT#NYSE">SKT</a>), formerly called Tanger Factory Outlet Centers Inc., is a Greensboro, North Carolina-based retail REIT that owns, coowns or manages 40 indoor shopping centers and outdoor factory outlet malls with 15.6 million square feet and over 3,000 stores across 20 states and in Canada. Tanger Factory Outlet Centers was founded in 1981 and had its initial public offering (IPO) in May 1993. Tanger's occupancy rate at the end of 2023 was 97.3%.
On Feb. 15, Tanger reported excellent fourth-quarter operating results. FFO of $0.52 beat the estimate of $0.50. Revenue of $127.48 million beat the estimate of $119.04 million and was 9.46% above revenue from the fourth quarter of 2022 of $116.46 million. Additionally, full-year core FFO was announced in a range from $2.01-$2.09 per share, with a midpoint above the analyst consensus estimate of $2.03 per share.&nbsp;
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On April 5, Bank of America Securities analyst Jeffrey Spector upgraded Tanger from Underperform to Neutral and raised the price target 29.1% from $24 to $31. On March 22, Citigroup analyst Michael Bilerman also upgraded Tanger from Neutral to Buy and raised the price target from $30 to $33.&nbsp;
Tanger's three- and five-year total returns are 94.41% and 56.76%, respectively.
Plymouth Industrial REIT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) is a Boston-based industrial REIT that owns and operates 156 properties with over 34 million square feet in 13 East Coast and Midwestern markets. Its portfolio occupancy as of Dec. 31, was 98.6%. During the fourth quarter of 2023, it leased an aggregate of 966,167 square feet, with a 23.4% increase in rental rates on a cash basis from these leases.
In 2023, Plymouth outperformed larger and more well-known industrial REITs such as Prologis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) and Rexford Industrial Realty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REXR#NYSE">REXR</a>). Still, this smaller REIT receives far less publicity than its rivals.&nbsp;&nbsp;
On Feb. 21, Plymouth reported its fourth-quarter operating results. Adjusted FFO (AFFO) of $0.48 per share was a 14.29% increase over AFFO of $0.42 in the fourth quarter of 2022. Revenue of $50.75 million missed the Street's estimate of $50.91 million but topped its revenue of $47.32 million in the fourth quarter of 2022.
Plymouth Industrial also announced an increase in its quarterly dividend from $0.225 per share to $0.24 per share. The $0.96 per share annual dividend presently yields 4.48%.&nbsp;
On&nbsp; March 27, Barclays analyst Brendan Lynch initiated coverage on Plymouth Industrial REIT with an Equal-Weight rating and announced a price target of $22.
On April 2, Plymouth Industrial reported on its leasing activity for the first quarter of 2024. Over 1.3 million square feet of space with terms of at least six months was leased with a 17.1% increase in rental rates. These included both renewals and new leases. Total same-store occupancy at the end of the first quarter was 98.3%.
Plymouth Realty's three- and five-year total returns are 39.62% and 58.28%, respectively.
Lamar Advertising Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAMR#NASDAQ">LAMR</a>) is a Baton Rouge, Louisiana-based specialty REIT, founded in 1902 with a focus on owning and leasing 363,000 displays throughout the U.S. and Canada, including digital and print billboards, interstate logos and airport advertising formats. Lamar Advertising and Outfront Media Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUT#NYSE">OUT</a>) are the only two REITs exclusively devoted to billboard and display advertising.
On Feb. 23, Lamar Advertising reported its fourth-quarter results. FFO of $1.46 per share beat the estimate of $1.35 per share and was 124.62% better than its fourth-quarter 2022 FFO of $0.65 per share. Revenue of $555.91 million topped the estimate of $547.66 million and also bested its revenue of fourth-quarter 2022 revenue of $535.51 million.
On Feb. 26, Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating on Lamar and increased the price target from $105&nbsp; to $110. The same day, JPMorgan Chase &amp; Co. analyst Richard Close maintained a Neutral rating on Lamar and raised the price target from $92 to $109.
Lamar pays a quarterly dividend of $1.30 per share, and the annualized $5.20 dividend yields 4.52%. Its total three- and five-year returns are 34% and 67.52%, respectively.&nbsp;
The following table summarizes all four REITs and the total returns made since 2019:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>REIT</td>
<td>SYMBOL</td>
<td>TYPE</td>
<td>3-YR RETURN</td>
<td>5-YR RETURN</td>
</tr>
<tr>
<td>Iron Mountain Inc.</td>
<td>IRM</td>
<td>Specialized</td>
<td>129.4%</td>
<td>150.54%</td>
</tr>
<tr>
<td>Tanger Inc.&nbsp;</td>
<td>SKT</td>
<td>Retail</td>
<td>94.41%</td>
<td>56.76%</td>
</tr>
<tr>
<td>Plymouth Industrial REIT</td>
<td>PLYM</td>
<td>Industrial</td>
<td>39.62%</td>
<td>58.28%</td>
</tr>
<tr>
<td>Lamar Advertising Co.</td>
<td>LAMR</td>
<td>Specialized</td>
<td>34%</td>
<td>67.52%</td>
</tr>
</tbody>
</table>
</figure>
(Dates used: April 5, 2021, and April 5, 2019, to April 5, 2024)
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Barclays analyst Brendan Lynch initiates coverage on Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) with a Equal-Weight rating and announces Price Target of $22.

Initiation

Barclays Initiates Coverage On Plymouth Industrial REIT with Equal-Weight Rating, Announces Price Target of $22

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.
Let's take a look at two REITs from different industries that you could buy today.
<h2 class="wp-block-heading">NexPoint Residential Trust, Inc.</h2>
NexPoint Residential Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NXRT#NYSE">NXRT</a>) owns 39 multifamily properties consisting of 14,485 units across 11 markets in seven Southeastern and Southwestern states, including Charlotte, Dallas-Fort Worth, Houston, Las Vegas, Orlando, Phoenix, Raleigh, and Tampa.
NexPoint currently pays a quarterly dividend of $0.46242 per share, equating to an annualized dividend of about $1.85 per share and giving its stock a yield of about 6% at the time of this writing.&nbsp;
In addition to having a high yield, NexPoint is a dividend-growth star. It has raised its annual dividend payment for eight consecutive years, and its 10.1% hike last October has it on track for 2024 to mark the ninth consecutive year with an increase.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
</ul>
<h2 class="wp-block-heading">Plymouth Industrial REIT</h2>
Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) owns, operates, and manages a portfolio of 211 single and multi-tenant industrial properties totaling over 34 million square feet. Nearly all of its properties reside inside the "Golden Triangle" region of the United States, which contains over 70% of the U.S. population.
Plymouth currently pays a quarterly dividend of $0.24 per share, equating to an annualized dividend of $0.96 per share and giving its stock a yield of about 4.4% at the time of this writing.
Plymouth has also raised its annual dividend payment each of the last three years, and its 6.7% hike last month has it on track for 2024 to mark the fourth consecutive year with an increase.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Shutterstock

Truist Securities analyst Anthony Hau maintains Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) with a Buy and lowers the price target from $26 to $24.

Truist Securities Maintains Buy on Plymouth Industrial REIT, Lowers Price Target to $24

Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>), boasting a dividend yield of 4%, stands out as a notable investment opportunity in the real estate sector, with a keen focus on industrial and distribution properties. This specialization is increasingly pertinent in light of the burgeoning e-commerce sector, which demands a greater need for sophisticated distribution hubs and expansive industrial spaces.&nbsp;
The acceleration of online retail, fueled by technological innovations and significant shifts in consumer preferences, not only underscores Plymouth Industrial REIT&#8217;s strategic investment potential but also its symbiotic relationship with e-commerce juggernauts such as Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), and Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>). By serving the logistical needs of these leading online marketplaces, Plymouth Industrial REIT is uniquely positioned to offer investors a blend of steady income and growth-oriented returns, tapping into the dynamic expansion of global e-commerce activities.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
</ul>
An interesting facet of investing in Plymouth Industrial REIT is its exposure to a broad range of tenants, including several e-commerce and logistics companies. This diversity in tenancy provides investors with a multifaceted approach to capitalizing on the e-commerce boom, indirectly benefiting from the sector&#8217;s rapid growth. Unlike traditional investment options that often force a choice between growth and income, Plymouth Industrial REIT offers a blend of both. By anchoring its investments in the industrial spaces essential for e-commerce and logistics operations, the company is well-placed in a burgeoning market segment while also ensuring a steady income stream through dividends as a Real Estate Investment Trust (REIT).
Plymouth Industrial REIT owns and operates a significant portfolio of industrial properties in key markets across the United States, focusing on both major urban centers and strategic secondary markets. This broad geographical presence is crucial for mitigating regional economic fluctuations and capitalizing on diverse market dynamics. The company&#8217;s properties, which are pivotal for the operations of numerous supply chain and logistics entities, guarantee a robust and varied tenant base. The growing dependence on effective distribution and logistics networks highlights the sustained demand for Plymouth&#8217;s industrial and warehouse spaces.
In the fourth quarter of 2023, Plymouth Industrial REIT declared a dividend of $0.23 per share, leading to total dividends of $0.92 for the January to December 2023 period. Investing in Plymouth Industrial REIT goes beyond a simple stake in industrial real estate; it offers an avenue to indirectly partake in the e-commerce sector&#8217;s growth. As online shopping continues to evolve, driven by consumer preferences and technological innovation, Plymouth&#8217;s role in supporting this ecosystem becomes increasingly crucial, potentially bolstering its dividend outlook. This connection provides a compelling incentive for investors to consider Plymouth Industrial REIT as a means to diversify their investment portfolio and tap into the thriving e-commerce industry.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image credit: Shutterstock

AMZN

BABA

SHOP

Alibaba, Amazon, and Shopify: The Industrial REIT Behind E-Commerce Success

Plymouth Industrial: Buy High Quality At A Substantial Discount

In a report released today, Brendan Lynch from Barclays maintained a Hold rating on Plymouth Industrial Reit (PLYM – Research Report), with a price...

Barclays Reaffirms Their Hold Rating on Plymouth Industrial Reit (PLYM)

2 'Under The Radar' REITs Up To 40% Undervalued

Sixth Street to provide capital to Plymouth Industrial REIT

BMO Capital analyst John Kim has maintained their neutral stance on PLYM stock, giving a Hold rating on August 14. John Kim has given his Hold rati...

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In a report released today, Mitchell Germain from JMP Securities maintained a Buy rating on Plymouth Industrial Reit (PLYM – Research Report), with...

JMP Securities Keeps Their Buy Rating on Plymouth Industrial Reit (PLYM)

In a report released today, Anthony Hau from Truist Financial maintained a Buy rating on Plymouth Industrial Reit (PLYM – Research Report), with a ...

Plymouth Industrial Reit (PLYM) Gets a Buy from Truist Financial

In a report released today, Henry Coffey from Wedbush reiterated a Hold rating on Plymouth Industrial Reit (PLYM – Research Report), with a price t...

Plymouth Industrial Reit (PLYM) Receives a Hold from Wedbush

Analyst Barry Oxford from Colliers Securities maintained a Buy rating on Plymouth Industrial Reit (PLYM – Research Report) and keeping the price ta...

Strategic Positioning and Growth Potential Affirm Plymouth Industrial REIT's Buy Rating

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Press Releases

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Plymouth Industrial REIT Announces Tax Treatment of 2023 Dividends

Plymouth Industrial REIT Reports Fourth Quarter Results

Plymouth Industrial REIT Development Projects in Jacksonville Earn Green Globes® Certification for Core & Shell Construction

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Plymouth Industrial REIT

Plymouth Industrial REIT (PLYM) Forecast

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