Plymouth Industrial REIT to Acquire Ohio Property Portfolio

The latest announcement is out from Plymouth Industrial Reit ( (PLYM) ).

On May 29, 2025, Plymouth Industrial REIT, Inc. announced its entry into a Purchase Agreement to acquire a 21-building industrial property portfolio in Ohio for $193 million. This acquisition, expected to close by June 18, 2025, aims to expand the company’s footprint in the Cincinnati, Cleveland, and Columbus markets, adding approximately 1.95 million rentable square feet to its portfolio. The deal’s completion is contingent upon customary closing conditions, and a $3.86 million earnest money deposit has been made. This strategic move could enhance Plymouth Industrial REIT’s market position and offer potential growth opportunities in the industrial real estate sector.

The most recent analyst rating on (PLYM) stock is a Buy with a $27.00 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 Outperform.

Plymouth Industrial REIT’s overall score is driven by its strong financial performance and attractive valuation, indicating a solid investment opportunity. The positive earnings call and strategic board appointment further support its growth potential, despite some technical resistance.

To see Spark’s full report on PLYM stock, click here.

More about Plymouth Industrial Reit

Plymouth Industrial REIT, Inc. operates within the industrial real estate sector, focusing on acquiring and managing industrial properties across various U.S. markets.

Average Trading Volume: 371,851

Technical Sentiment Signal: Sell

Current Market Cap: $743.1M

For detailed information about PLYM stock, go to TipRanks’ Stock Analysis page.