KeyBanc lowered the firm’s price target on Plymouth Industrial REIT (PLYM) to $18 from $23 and keeps an Overweight rating on the shares. The firm notes the company provided a Q1 2025 activity update that it views to be relatively neutral for the stock. Same store occupancy of 94.7% decreased 100 bps from December 31st, though total portfolio occupancy of 94.3% increased 200 bps and was in line with what management discussed at the end of February on last quarter’s call.
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Read More on PLYM:
- Plymouth Industrial REIT reports Q1 leasing commenced totaling 2.44M sq. ft.
- Plymouth Industrial REIT price target lowered to $18 from $22 at Barclays
- Plymouth Industrial REIT price target lowered to $18 from $20 at Truist
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