DCT Industrial Trust (DCT) Posts Quarterly Results
DCT Industrial Trust (NYSE:DCT) announced its earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.01, StockRatingsNetwork.com reports. The company had revenue of $74.35 million for the quarter, compared to the consensus estimate of $74.60 million. During the same quarter last year, the company posted $0.10 earnings per share. DCT Industrial Trust’s revenue was up 20.6% compared to the same quarter last year. DCT Industrial Trust updated its FY13 guidance to $0.44-0.45 EPS.
A number of analysts have recently weighed in on DCT shares. Analysts at Citigroup Inc. initiated coverage on shares of DCT Industrial Trust in a research note to investors on Thursday, October 17th. They set a “neutral” rating on the stock. On the ratings front, analysts at Macquarie initiated coverage on shares of DCT Industrial Trust in a research note to investors on Friday, October 11th. They set an “outperform” rating on the stock. Finally, analysts at ISI Group upgraded shares of DCT Industrial Trust to a “neutral” rating in a research note to investors on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. DCT Industrial Trust presently has a consensus rating of “Hold” and an average target price of $8.17.
Shares of DCT Industrial Trust (NYSE:DCT) traded down 1.40% on Thursday, hitting $7.75. The stock had a trading volume of 5,370,397 shares. DCT Industrial Trust has a 1-year low of $5.98 and a 1-year high of $8.45. The stock has a 50-day moving average of $7.39 and a 200-day moving average of $7.44. The company has a market cap of $2.271 billion and a price-to-earnings ratio of 119.09.
DCT Industrial Trust Inc (NYSE:DCT) is an industrial real estate company that owns, operates and develops bulk distribution and light industrial properties in distribution markets in the United States and Mexico.
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