DCT Industrial Trust Inc (DCT) Issues FY14 Earnings Guidance
DCT Industrial Trust Inc (NYSE:DCT) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $0.46-0.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.47, Analyst Ratings.Net reports.
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. On a related note, 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. DCT Industrial Trust currently has an average rating of Hold and an average price target of $8.25.
Shares of DCT Industrial Trust Inc (NYSE:DCT) traded down 1.39% on Thursday, hitting $7.83. 6,746,077 shares of the company’s stock traded hands. DCT Industrial Trust Inc has a 52 week low of $6.62 and a 52 week high of $8.26. The stock’s 50-day moving average is $8.10 and its 200-day moving average is $7.79. The company has a market cap of $2.566 billion and a P/E ratio of 193.66.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $83.16 million for the quarter, compared to the consensus estimate of $83.38 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. Analysts expect that DCT Industrial Trust Inc will post $0.47 EPS 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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