DCT Industrial Trust Given Consensus Recommendation of “Hold” by Brokerages (NYSE:DCT)
Shares of DCT Industrial Trust (NYSE:DCT) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, StockRatingsNetwork.com reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $8.44.
DCT Industrial Trust (NYSE:DCT) opened at 7.95 on Friday. DCT Industrial Trust has a 52 week low of $6.62 and a 52 week high of $8.26. The stock’s 50-day moving average is $8.00 and its 200-day moving average is $7.8. The company has a market cap of $2.651 billion and a price-to-earnings ratio of 249.69.
DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings data 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. On average, analysts predict that DCT Industrial Trust will post $0.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Wednesday, October 1st.
Several analysts have recently commented on the stock. 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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