DCT Industrial Trust Reaches New 1-Year High at $8.24 (DCT)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.