Share on StockTwits

DCT Industrial Trust (NYSE:DCT) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Friday, TheFlyOnTheWall.com reports.

DCT Industrial Trust (NYSE:DCT) opened at 8.09 on Friday. DCT Industrial Trust has a 52-week low of $6.62 and a 52-week 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 $2.698 billion and a price-to-earnings ratio of 253.12.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.12 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.11 earnings per share. DCT Industrial Trust’s revenue was up 18.8% compared to the same quarter last year. 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. Investors 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.

Separately, 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. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $8.25.

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.

The Fly On The Wall

Receive News & Ratings for DCT Industrial Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCT Industrial Trust Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.