Nasdaq Falls More Than 300 Points; Medtronic Reports Positive Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2025
0mins
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks declined, with the Nasdaq Composite dropping over 1.5%, while the Dow and S&P 500 also experienced losses.
Medtronic's Strong Earnings Report: Medtronic plc reported better-than-expected first-quarter earnings, with sales of $8.58 billion and adjusted earnings of $1.26 per share, leading to an increase in revenue growth guidance.
Notable Stock Movements: Plymouth Industrial REIT shares surged by 51% after an acquisition proposal, while Gaxos.ai Inc. and Laser Photonics Corporation saw significant gains, whereas Thumzup Media Corporation and Viking Therapeutics faced substantial declines.
Commodity and Global Market Trends: Oil and gold prices fell slightly, while European markets showed positive movement, contrasting with mostly lower Asian markets; U.S. housing starts increased by 5.2% in July.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on PLYM
Wall Street analysts forecast PLYM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLYM is 22.50 USD with a low forecast of 22.00 USD and a high forecast of 24.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
0 Buy
5 Hold
0 Sell
Hold
Current: 21.980
Low
22.00
Averages
22.50
High
24.00
Current: 21.980
Low
22.00
Averages
22.50
High
24.00
About PLYM
Plymouth Industrial REIT, Inc. is a full-service, vertically integrated real estate investment company. The Company is focused on the acquisition, ownership and management of single and multi-tenant industrial properties, including distribution centers, warehouses, light industrial and small bay industrial properties, located in primary and secondary markets within the main industrial, distribution and logistics corridors of the United States. The Company, through its subsidiaries, wholly owns 134 industrial properties comprising 225 buildings with an aggregate of 30.0 million square feet, and its regional property management office building located in Columbus, Ohio, totaling 17,260 square feet. Its portfolio consists of holdings in various markets: Chicago, Cleveland, Memphis, Jacksonville, St. Louis, Indianapolis, Columbus, Cincinnati, Atlanta, Boston, and Charlotte. Its Chicago, Illinois Portfolio includes 3940 Stern Street, St. Charles and 2600-2620 Commerce Drive, Libertyville.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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.
Continue Reading
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.
Continue Reading