Capital One Financial Corp. Begins Coverage on DCT Industrial Trust (DCT)
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.
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