Analyst Anthony Hau from Truist Financial maintained a Hold rating on Plymouth Industrial Reit (PLYM – Research Report) and keeping the price target at $20.00.
Anthony Hau has given his Hold rating due to a combination of factors impacting Plymouth Industrial REIT. The company introduced its 2025 Core FFO guidance midpoint at $1.87 per share, which is slightly below the consensus estimates. This discrepancy is partly due to speculative acquisitions that the consensus might be assuming, leading to a slight miss in expected performance.
Additionally, while the expected 2025 SSNOI is at the higher end of the industrial peer group, Plymouth Industrial REIT missed its own 2024 SSNOI guidance due to leasing and vacancy timing issues. The uncertainty from potential tariff wars may also slow tenant decision-making, particularly among manufacturers. Furthermore, the company faces significant lease expirations this year, which adds to the uncertainty and supports the Hold rating.
Hau covers the Real Estate sector, focusing on stocks such as Equinix, Plymouth Industrial Reit, and Whitestone REIT. According to TipRanks, Hau has an average return of 0.6% and a 47.25% success rate on recommended stocks.
In another report released today, BMO Capital also maintained a Hold rating on the stock with a $19.00 price target.