DCT Industrial Trust Inc. (DCT) Lifted to Equal Weight at Capital One Financial Corp.
DCT Industrial Trust Inc. (NYSE:DCT) was upgraded by stock analysts at Capital One Financial Corp. from an “underweight” rating to an “equal weight” rating in a research note issued on Monday.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Thursday, September 29th. Mizuho began coverage on shares of DCT Industrial Trust in a research report on Wednesday, September 28th. They set a “neutral” rating and a $51.00 price target on the stock. BTIG Research began coverage on shares of DCT Industrial Trust in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Finally, Citigroup Inc. lifted their price target on shares of DCT Industrial Trust from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.13.
DCT Industrial Trust (NYSE:DCT) traded up 1.18% during trading on Monday, hitting $47.10. 184,406 shares of the stock were exchanged. The firm has a market capitalization of $4.25 billion, a PE ratio of 40.57 and a beta of 1.00. DCT Industrial Trust has a 12-month low of $32.88 and a 12-month high of $50.57. The stock has a 50 day moving average price of $47.80 and a 200-day moving average price of $45.49.
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DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. DCT Industrial Trust had a net margin of 28.44% and a return on equity of 5.57%. The firm had revenue of $95.90 million for the quarter, compared to analysts’ expectations of $94.94 million. During the same period last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities research analysts anticipate that DCT Industrial Trust will post $2.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Friday, October 7th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.16 annualized dividend and a yield of 2.49%. DCT Industrial Trust’s dividend payout ratio is currently 99.15%.
Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new stake in DCT Industrial Trust during the first quarter valued at approximately $18,349,000. Kennedy Capital Management Inc. raised its stake in shares of DCT Industrial Trust by 168.6% in the first quarter. Kennedy Capital Management Inc. now owns 233,675 shares of the company’s stock valued at $9,223,000 after buying an additional 146,687 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of DCT Industrial Trust by 8.3% in the first quarter. Geode Capital Management LLC now owns 701,049 shares of the company’s stock valued at $27,670,000 after buying an additional 53,879 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of DCT Industrial Trust by 216.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,336,145 shares of the company’s stock valued at $52,738,000 after buying an additional 913,519 shares during the last quarter. Finally, State Street Corp raised its stake in shares of DCT Industrial Trust by 15.5% in the first quarter. State Street Corp now owns 3,114,692 shares of the company’s stock valued at $122,937,000 after buying an additional 418,039 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.
About DCT Industrial Trust
DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company is engaged in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in distribution markets in the United States. The Company operates in three segments: East, Central and West.
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