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The latest update is out from Plymouth Industrial Reit ( (PLYM) ).
On January 22, 2026, Plymouth Industrial REIT stockholders voted at a virtual special meeting to approve the company’s previously announced merger under which entities affiliated with Makarora Management LP and Ares Alternative Credit funds will acquire all outstanding shares of Plymouth’s common stock and all limited partnership interests in Plymouth Industrial OP, LP for $22.00 per share in cash, valuing the deal at approximately $2.1 billion including assumed debt. The merger proposal and an adjournment proposal both received the requisite shareholder support, while a non-binding advisory proposal on executive compensation tied to the transaction was voted down, clearing a key hurdle for the buyout to proceed; the company, which also saw an emergency motion by Redimere Advisors LLC denied by a Suffolk County court on January 20, 2026, now anticipates closing the transaction on or about January 27, 2026, subject to customary closing conditions, marking a significant ownership change for the industrial REIT and its investors.
The most recent analyst rating on (PLYM) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Plymouth Industrial Reit stock, see the PLYM Stock Forecast page.
Spark’s Take on PLYM Stock
According to Spark, TipRanks’ AI Analyst, PLYM is a Neutral.
The score is driven primarily by mixed financial performance—strong margins and cash flow offset by a steep TTM revenue drop, negative TTM EBIT, and high leverage. Valuation is a relative bright spot with a low P/E and solid dividend yield, while technicals are broadly neutral. The pending acquisition is a positive catalyst but is tempered by ongoing legal and disclosure-related uncertainty.
To see Spark’s full report on PLYM stock, click here.
More about Plymouth Industrial Reit
Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a full-service, vertically integrated real estate investment trust focused on the acquisition, ownership and management of single- and multi-tenant industrial properties, aiming to provide tenants with cost-effective, functional, flexible and safe industrial space.
Average Trading Volume: 1,610,817
Technical Sentiment Signal: Buy
Current Market Cap: $986.9M
Find detailed analytics on PLYM stock on TipRanks’ Stock Analysis page.