Plymouth Rises 47% on Receiving Acquisition Proposal From Sixth Street

Core Insights - Plymouth Industrial REIT (PLYM) has received an unsolicited proposal from Sixth Street Partners, LLC to acquire all outstanding shares for $24.10 per share, leading to a 47.06% increase in share price [1][8] - Sixth Street Partners beneficially owns approximately 9.99% of Plymouth's outstanding common stock, and the company's board will review the proposal with its financial and legal advisors [2][8] - Plymouth focuses on acquiring, owning, and managing industrial properties and is well-positioned for growth despite macroeconomic uncertainties and tariff issues [3][4] Company Performance - Over the past three months, Plymouth's shares have increased by 36.7%, contrasting with a 0.1% decline in the industry [4] - Shareholders are not required to take any action regarding the acquisition proposal at this time [3][8] Related Stocks - Other top-ranked stocks in the REIT sector include Host Hotels & Resorts (HST) and Welltower (WELL), both currently holding a Zacks Rank 2 [6] - The Zacks Consensus Estimate for HST's 2025 FFO per share has increased by 4 cents to $1.95, while WELL's estimate has risen by 2 cents to $5.06 [7]