Streetbeat News

Assets

FFWM

First Foundation has announced the reclassification of a portion of its multifamily portfolio, totaling $1.9 billion in principal balance, from loans held to maturity to loans held for sale.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:01 am

GPUS

Hyperscale Data Subsidiary has signed a Purchase and Sale Agreement to sell its St. Petersburg development property to a large New York-based real estate firm. This move is part of its reorganization efforts to focus on a pure-play data center business. The sale is expected to close by the end of 2024, pending due diligence.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 10:41 am

CTRE

CareTrust REIT, Inc. (NYSE:CTRE) has acquired a 4-facility skilled nursing portfolio in the Mid-Atlantic for $74.7 million, enhancing its operator relationships. The acquisition was funded with cash on hand, and the company is actively pursuing further investments.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 9:12 am

BAC

BRK

Berkshire Hathaway, led by Warren Buffett, has sold $338 million worth of Bank of America shares, marking the 13th round of sales since mid-July. Despite the sales, Berkshire remains the largest shareholder with a 10.2% stake. The reasons for the sales are undisclosed, sparking speculation about strategic shifts.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 8:27 am

HE

Hawaiian Electric has responded to a report on the Maui fire by detailing new fire safety measures and announcing $110 million in infrastructure investments. These steps aim to enhance safety and reliability in their operations.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 7:10 am

FPI

Farmland Partners has sold a $289 million portfolio to Farmland Reserve, generating a $50 million gain over book value. The sale includes farms in several states but excludes valuable Illinois farmland. This follows a $200 million asset sale earlier in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:30 am

OCX

Oncocyte has announced a $10.2 million private placement, supported by its strategic partner Bio-Rad. This financial move is significant for Oncocyte as it strengthens its financial position.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:26 am

BBJP

DXJ

EWJ

The recent Japan 10-Year JGB auction yield was reported at 0.871%, down from the previous 0.915%. This change in yield could impact ETFs with exposure to Japanese bonds and equities, such as BBJP, DXJ, and EWJ.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:36 am

CLW

Clearwater Paper temporarily suspended operations at its Augusta, Georgia paperboard facility and Shelby, North Carolina tissue facility due to Hurricane Helene. There was no serious damage, and both facilities are resuming operations.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 9:29 pm

NFE

New Fortress Energy announced two major financial transactions totaling approximately $3 billion. The company issued 46.349 million shares of Class A common stock at $8.63 per share, raising $400 million. CEO Wes Edens purchased $50 million worth of shares. Additionally, a Transaction Support Agreement was made with existing noteholders.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 9:20 pm