Plymouth Industrial REIT price target lowered to $25 from $26 at BMO Capital
Price Target Adjustment: BMO Capital has lowered its price target for Plymouth Industrial REIT from $26 to $25 while maintaining a Market Perform rating, citing the complexities introduced by a new joint venture with Sixth Street.
Concerns Over Financial Structure: Although the pricing on the sale of Plymouth's Chicago portfolio was favorable at 6.2%, it involved preferred equity and warrants that could lead to significant costs and create an equity overhang.
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Makarora Completes $2.1 Billion Acquisition of Plymouth Industrial REIT
- Acquisition Completed: Makarora Management LP, together with Ares Alternative Credit funds, has finalized the acquisition of Plymouth Industrial REIT for approximately $2.1 billion, marking a significant expansion in the commercial real estate sector.
- Shareholder Returns: Under the terms of the transaction, Plymouth shareholders will receive cash consideration of $22.00 per share, ensuring that shareholder interests are fully protected and enhancing investor confidence.
- Market Exit: Following the completion of the acquisition, Plymouth will no longer be listed on any public securities exchange, indicating a shift to private ownership that may provide flexibility for future strategic restructuring.
- Advisory Team: KeyBanc Capital Markets and J.P. Morgan acted as financial advisors for Plymouth, while Moelis & Company served as the lead financial advisor for Makarora, highlighting the professionalism and complexity of the transaction.
Plymouth Industrial REIT Acquired for $2.1 Billion by Makarora and Ares
- Shareholder Approval: Plymouth Industrial REIT's stockholders approved the acquisition by Makarora and Ares at a special meeting, with a cash transaction valued at approximately $2.1 billion at $22 per share, indicating strong market confidence in the deal.
- Expected Completion: The acquisition is anticipated to close around January 27, 2026, subject to customary closing conditions, which will provide the company with a new capital structure and operational model.
- Debt Assumption Impact: The transaction includes the assumption of certain debts of Plymouth Industrial OP, LP, which may affect the company's financial health and future financing capabilities, necessitating close monitoring of subsequent developments.
- Strategic Market Adjustment: Post-acquisition, Plymouth will integrate resources to optimize its positioning in the industrial real estate market, enhancing its competitiveness in multi-tenant property management and further driving long-term growth.
Significant Options Trading on Wednesday: PLYM, NU, SOFI
Nu Holdings Options Activity: Nu Holdings Ltd (NU) has seen a trading volume of 173,454 options contracts today, equating to about 17.3 million underlying shares, which is 44% of its average daily trading volume over the past month.
High Volume Call Option for NU: The $17 strike call option expiring on November 28, 2025, has particularly high activity, with 51,325 contracts traded, representing approximately 5.1 million underlying shares.
SoFi Technologies Options Activity: SoFi Technologies Inc (SOFI) reported an options trading volume of 349,862 contracts, representing around 35.0 million underlying shares, or 43.7% of its average daily trading volume over the past month.
High Volume Call Option for SOFI: The $29 strike call option expiring on November 28, 2025, has seen significant trading, with 29,071 contracts exchanged, representing about 2.9 million underlying shares.
Plymouth Industrial REIT Declines Following Sixth Street's Withdrawal of Previous Proposal
Sixth Street Partners Abandons Acquisition: Sixth Street Partners has decided to withdraw its non-binding proposal to acquire Plymouth Industrial REIT (PLYM), as stated in a recent filing.
Plymouth's Current Acquisition Deal: Plymouth Industrial REIT is currently set to be sold to Makarora Management and Ares Alternative Credit funds in an all-cash deal valued at approximately $2.1 billion, or $22 per share.
Thrivent Transforms Mutual Funds into Small- and Mid-Cap Value ETFs: Details Revealed
Thrivent's ETF Launch: Thrivent Asset Management has converted two mutual funds into exchange-traded funds (ETFs), the Thrivent Small Cap Value ETF (TSCV) and Thrivent Mid Cap Value ETF (TMVE), to enhance investor access to its active stock-picking strategies.
Fund Details: TSCV starts with $146.74 million in assets and a 0.60% expense ratio, while TMVE has $19.88 million and a 0.55% expense ratio, focusing on undervalued companies with improving fundamentals.
Portfolio Composition: The small-cap ETF holds 61 stocks, including Cushman & Wakefield and Plymouth Industrial REIT, while the mid-cap ETF consists of 81 stocks, featuring M&T Bank and Sysco Corp, both employing a strategy of seeking companies with stable or improving returns.
Management Fee Changes: The transition from mutual funds to ETFs introduces management fees, which were previously absent, and may affect performance, as noted by Thrivent Mutual Funds President Mike Kremenak.
Halper Sadeh LLC Encourages WTRG, PLYM, RNA Shareholders to Contact the Firm to Discuss Their Rights
Investigation Announcement: Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the sales of Essential Utilities, Plymouth Industrial REIT, and Avidity Biosciences.
Shareholder Rights: Shareholders of the mentioned companies are encouraged to contact Halper Sadeh LLC to learn about their legal rights and options, as the firm may seek increased consideration or other benefits on their behalf.
Contingent Fee Basis: The firm operates on a contingent fee basis, meaning shareholders will not incur out-of-pocket legal fees unless the case is successful.
Legal Support for Investors: Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, aiming to recover losses and implement corporate reforms.
Makarora Completes $2.1 Billion Acquisition of Plymouth Industrial REIT
- Acquisition Completed: Makarora Management LP, together with Ares Alternative Credit funds, has finalized the acquisition of Plymouth Industrial REIT for approximately $2.1 billion, marking a significant expansion in the commercial real estate sector.
- Shareholder Returns: Under the terms of the transaction, Plymouth shareholders will receive cash consideration of $22.00 per share, ensuring that shareholder interests are fully protected and enhancing investor confidence.
- Market Exit: Following the completion of the acquisition, Plymouth will no longer be listed on any public securities exchange, indicating a shift to private ownership that may provide flexibility for future strategic restructuring.
- Advisory Team: KeyBanc Capital Markets and J.P. Morgan acted as financial advisors for Plymouth, while Moelis & Company served as the lead financial advisor for Makarora, highlighting the professionalism and complexity of the transaction.
Plymouth Industrial REIT Acquired for $2.1 Billion by Makarora and Ares
- Shareholder Approval: Plymouth Industrial REIT's stockholders approved the acquisition by Makarora and Ares at a special meeting, with a cash transaction valued at approximately $2.1 billion at $22 per share, indicating strong market confidence in the deal.
- Expected Completion: The acquisition is anticipated to close around January 27, 2026, subject to customary closing conditions, which will provide the company with a new capital structure and operational model.
- Debt Assumption Impact: The transaction includes the assumption of certain debts of Plymouth Industrial OP, LP, which may affect the company's financial health and future financing capabilities, necessitating close monitoring of subsequent developments.
- Strategic Market Adjustment: Post-acquisition, Plymouth will integrate resources to optimize its positioning in the industrial real estate market, enhancing its competitiveness in multi-tenant property management and further driving long-term growth.
Significant Options Trading on Wednesday: PLYM, NU, SOFI
Nu Holdings Options Activity: Nu Holdings Ltd (NU) has seen a trading volume of 173,454 options contracts today, equating to about 17.3 million underlying shares, which is 44% of its average daily trading volume over the past month.
High Volume Call Option for NU: The $17 strike call option expiring on November 28, 2025, has particularly high activity, with 51,325 contracts traded, representing approximately 5.1 million underlying shares.
SoFi Technologies Options Activity: SoFi Technologies Inc (SOFI) reported an options trading volume of 349,862 contracts, representing around 35.0 million underlying shares, or 43.7% of its average daily trading volume over the past month.
High Volume Call Option for SOFI: The $29 strike call option expiring on November 28, 2025, has seen significant trading, with 29,071 contracts exchanged, representing about 2.9 million underlying shares.
Plymouth Industrial REIT Declines Following Sixth Street's Withdrawal of Previous Proposal
Sixth Street Partners Abandons Acquisition: Sixth Street Partners has decided to withdraw its non-binding proposal to acquire Plymouth Industrial REIT (PLYM), as stated in a recent filing.
Plymouth's Current Acquisition Deal: Plymouth Industrial REIT is currently set to be sold to Makarora Management and Ares Alternative Credit funds in an all-cash deal valued at approximately $2.1 billion, or $22 per share.
Thrivent Transforms Mutual Funds into Small- and Mid-Cap Value ETFs: Details Revealed
Thrivent's ETF Launch: Thrivent Asset Management has converted two mutual funds into exchange-traded funds (ETFs), the Thrivent Small Cap Value ETF (TSCV) and Thrivent Mid Cap Value ETF (TMVE), to enhance investor access to its active stock-picking strategies.
Fund Details: TSCV starts with $146.74 million in assets and a 0.60% expense ratio, while TMVE has $19.88 million and a 0.55% expense ratio, focusing on undervalued companies with improving fundamentals.
Portfolio Composition: The small-cap ETF holds 61 stocks, including Cushman & Wakefield and Plymouth Industrial REIT, while the mid-cap ETF consists of 81 stocks, featuring M&T Bank and Sysco Corp, both employing a strategy of seeking companies with stable or improving returns.
Management Fee Changes: The transition from mutual funds to ETFs introduces management fees, which were previously absent, and may affect performance, as noted by Thrivent Mutual Funds President Mike Kremenak.
Halper Sadeh LLC Encourages WTRG, PLYM, RNA Shareholders to Contact the Firm to Discuss Their Rights
Investigation Announcement: Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the sales of Essential Utilities, Plymouth Industrial REIT, and Avidity Biosciences.
Shareholder Rights: Shareholders of the mentioned companies are encouraged to contact Halper Sadeh LLC to learn about their legal rights and options, as the firm may seek increased consideration or other benefits on their behalf.
Contingent Fee Basis: The firm operates on a contingent fee basis, meaning shareholders will not incur out-of-pocket legal fees unless the case is successful.
Legal Support for Investors: Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, aiming to recover losses and implement corporate reforms.
