|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||66.38 - 68.95|
|52 Week Range||52.58 - 69.51|
|PE Ratio (TTM)||52.69|
|Forward Dividend & Yield||1.44 (2.10%)|
|1y Target Est||N/A|
Moody's Investors Service (Moody's) has upgraded the senior unsecured rating of DCT Industrial Operating Partnership LP (DCT Industrial) to A3 from Baa2 following its merger with Prologis, L.P. (Prologis A3 senior unsecured debt rating, stable outlook) on August 22, 2018. The issuer rating for DCT Industrial Trust Inc. and senior unsecured shelf for DCT Industrial Operating Partnership LP were also withdrawn.
Prologis' (PLD) move to acquire DCT Industrial will help it strengthen foothold in growing markets of Southern California, the San Francisco Bay Area, New York/New Jersey, Seattle and South Florida.
Phil Hawkins, current CEO of DCT (NYSE: DCT) and soon-to-be board member at Prologis (NYSE: PLD), spoke to Denver Business Journal about the evolution of the company during his 12-year tenure — and how the company became an unsuspecting acquisition target. Hawkins moved to Denver in 2006 after DCT founder Tom Wattles offered him the position of CEO.
DCT (DCT) delivered earnings and revenue surprises of -1.56% and -0.22%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
The Denver-based real estate investment trust said it had funds from operations of $61.9 million, or 63 cents per share, in the period. The average estimate of seven analysts surveyed by Zacks Investment ...
The jobs engine has shown little sign of slowing — even as the key engines behind that growth have changed.
On the 11 July 2018, DCT Industrial Trust Inc (NYSE:DCT) will be paying shareholders an upcoming dividend amount of US$0.36 per share. However, investors must have bought the company’s stockRead More...
A solid jobs report for the month of May has triggered chances of a rate hike this month by the Federal Reserve. This is because even though REITs have traditionally depended on debt for their business and were considered as bond substitutes for the high and consistent dividend-paying nature making their short-term returns susceptible to rate moves, this time around, these companies seem to be better poised to brave the rising rate environment. In fact, REITs delivered an encouraging performance in the month, as well as outperformed the broader market in the month.
Technological change and demographic shifts have seemingly touched every industry in one form or another. Real estate is no exception, and some of the best real estate investment trusts (REITs) to buy now touch upon these shifts. They have seen monumental shifts that have led to the ascendancy or decline in certain types of REITs.
Moody's Investors Service ("Moody's") has placed DCT Industrial Operating Partnership LP ("DCT") Baa2 senior unsecured rating on review for upgrade. The review follows the announcement that DCT will likely be acquired by A3 rated Prologis, L.P. ("Prologis"), the world's largest owner, manager and developer of industrial assets.
Prologis' (PLD) move to acquire rival DCT Industrial (DCT) is a strategic fit and is accretive to the company's core funds from operations (FFO) growth.
Stocks that moved substantially or traded heavily on Monday: Andeavor, up $15.94 to $138.32 Marathon Petroleum will buy the refiner and pipeline owner, which used to be called Tesoro, for more than $23 ...
Already a massive industrial landlord, Prologis will grow it's U.S. footprint by 71 million square feet by buying Denver-based DCT.
Sprint will be bought by T-Mobile US in an all stock deal worth $26 billion. Walmart agreed to sell its British unit Asda Group to rival supermarket operator Sainsbury in a deal worth about $10 billion. New York Times' stock was upgraded to "overweight" from "neutral" at J.P. Morgan Chase.
The Denver-based real estate investment trust said it had funds from operations of $61.5 million, or 63 cents per share, in the period. The average estimate of seven analysts surveyed by Zacks Investment ...
Prologis Inc (PLD.N) (PLD.N), a logistics company with a global footprint, will acquire smaller U.S. rival DCT Industrial Trust Inc (DCT.N) in an $8.4 billion all-stock transaction, including the assumption of debt, the two companies said on Sunday. The acquisition will deepen Prologis' presence in high-growth markets including Southern California, the San Francisco Bay Area, New York, New Jersey, Seattle and South Florida, the companies said in a statement. DCT shareholders will receive 1.02 Prologis shares for every DCT share they own.
Jim Cramer hears from Prologis Chairman and CEO Hamid Moghadam, whose e-commerce-focused company recently acquire DCT Industrial.