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Stock Market & Financial Investment News

News Breaks
August 22, 2014
08:51 EDTDCTDCT Industrial downgraded at BMO Capital
As noted earlier, BMO Capital downgraded DCT to Market Perform from Outperform. The firm thinks that industrial operating fundamentals are likely at peak levels, while the downside risk of increased supply continues to grow and other property types are more attractive.
News For DCT From The Last 14 Days
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October 30, 2014
16:46 EDTDCTDCT Industrial sees 2014 FFO $1.87-$1.92 vs. prior $1.84-$1.92
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16:45 EDTDCTDCT Industrial reports Q3 FFO 12c, consensus 12c
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October 28, 2014
16:32 EDTDCTDCT Industrial announces 1-for-4 reverse stock split
DCT Industrial Trust announced that its board approved a reverse stock split of the company’s outstanding shares of common stock at a ratio of 1-for-4. The reverse stock split is expected to take effect on November 17. Every four issued and outstanding shares of common stock will be converted into one share of common stock. As a result of the reverse stock split, the number of outstanding shares of common stock of the company will be reduced from approximately 338.1M to approximately 84.5M. The company expects that a corresponding adjustment will be made to its quarterly dividend. The amount of any future dividends payable by the company will be determined by and are at the discretion of the company’s board.
October 27, 2014
09:16 EDTDCTDCT Industrial announces disposition of 3.5M square foot Ohio portfolio
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