DCT Industrial Trust Given Consensus Rating of “Hold” by Analysts (NYSE:DCT)
DCT Industrial Trust (NYSE:DCT) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Stock Ratings News reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $8.44.
Shares of DCT Industrial Trust (NYSE:DCT) traded down 1.67% on Friday, hitting $7.955. 1,522,741 shares of the company’s stock traded hands. DCT Industrial Trust has a 1-year low of $6.62 and a 1-year high of $8.26. The stock has a 50-day moving average of $8. and a 200-day moving average of $7.88. The company has a market cap of $2.653 billion and a P/E ratio of 252.81.
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 will post $0.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Wednesday, October 1st.
DCT has been the subject of a number of recent research reports. Analysts at BMO Capital Markets downgraded shares of DCT Industrial Trust from an “outperform” rating to a “market perform” rating in a research note on Friday. They now have a $9.00 price target on the stock. 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.
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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