DCT Industrial Trust Inc. (DCT) Upgraded to Equal Weight by 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 report released on Monday.
A number of other brokerages have also recently weighed in on DCT. BTIG Research started coverage on DCT Industrial Trust in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, September 29th. Citigroup Inc. raised their price objective on DCT Industrial Trust from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Finally, Mizuho initiated coverage on DCT Industrial Trust in a report on Wednesday, September 28th. They set a “neutral” rating and a $51.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $45.13.
Shares of DCT Industrial Trust (NYSE:DCT) traded up 1.48% during mid-day trading on Monday, reaching $47.24. The company had a trading volume of 176,531 shares. 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. The firm has a market capitalization of $4.26 billion, a PE ratio of 40.69 and a beta of 1.00.
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DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. DCT Industrial Trust had a return on equity of 5.57% and a net margin of 28.44%. The firm had revenue of $95.90 million for the quarter, compared to analysts’ expectations of $94.94 million. During the same quarter last year, the firm posted $0.47 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts forecast that DCT Industrial Trust will post $2.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Friday, October 7th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.16 annualized dividend and a dividend yield of 2.49%. DCT Industrial Trust’s dividend payout ratio is presently 99.15%.
Large investors have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group raised its stake in DCT Industrial Trust by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 5,248 shares of the company’s stock valued at $252,000 after buying an additional 15 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in DCT Industrial Trust by 1.7% in the first quarter. BlackRock Japan Co. Ltd now owns 4,674 shares of the company’s stock valued at $184,000 after buying an additional 79 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in DCT Industrial Trust by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,300 shares of the company’s stock valued at $159,000 after buying an additional 200 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in DCT Industrial Trust by 0.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 66,995 shares of the company’s stock valued at $2,644,000 after buying an additional 326 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in DCT Industrial Trust by 6.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,823 shares of the company’s stock valued at $376,000 after buying an additional 458 shares in the last quarter. Institutional investors own 98.44% of the company’s stock.
DCT Industrial Trust Company Profile
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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