Share on StockTwits

Stock analysts at Capital One Financial Corp. initiated coverage on shares of DCT Industrial Trust (NYSE:DCT) in a report issued on Tuesday. The firm set an “equal weight” rating on the stock.

A number of other analysts have also recently weighed in on DCT. 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, August 22nd. 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. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.44.

DCT Industrial Trust (NYSE:DCT) opened at 7.95 on Tuesday. DCT Industrial Trust has a one year low of $6.62 and a one year high of $8.26. The stock has a 50-day moving average of $7.98 and a 200-day moving average of $7.90. The company has a market cap of $2.651 billion and a P/E ratio of 248.44.

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. On average, analysts predict that DCT Industrial Trust will post $0.47 earnings per share 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 3.52%. The ex-dividend date is Wednesday, October 1st.

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.