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DCT Industrial Trust (NYSE:DCT) shares reached a new 52-week high on Friday , American Banking and Market News reports. The company traded as high as $8.24 and last traded at $8.21, with a volume of 1,102,037 shares changing hands. The stock had previously closed at $8.15.

DCT has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of DCT Industrial Trust in a research note on Thursday, June 19th. They now have a $8.25 price target on the stock, up previously from $7.75. Separately, analysts at Wells Fargo & Co. upgraded shares of DCT Industrial Trust from a “market perform” rating to an “outperform” rating in a research note on Monday, May 12th. Finally, analysts at Stifel Nicolaus downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. They now have a $8.50 price target on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.25.

The stock’s 50-day moving average is $7.9 and its 200-day moving average is $7.62. The company has a market cap of $2.699 billion and a P/E ratio of 198.78.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.11 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.11. The company had revenue of $83.40 million for the quarter, compared to the consensus estimate of $77.85 million. During the same quarter last year, the company posted $0.11 earnings per share. DCT Industrial Trust’s revenue was up 22.5% compared to the same quarter last year. On average, analysts predict that DCT Industrial Trust will post $0.47 earnings per share for the current fiscal year.

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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