DCT Industrial Trust Inc (NYSE:DCT) – KeyCorp raised their FY2017 earnings estimates for shares of DCT Industrial Trust in a report issued on Monday. KeyCorp analyst C. Mailman now anticipates that the real estate investment trust will earn $2.42 per share for the year, up from their prior forecast of $2.37.

DCT has been the topic of a number of other reports. Stifel Nicolaus boosted their target price on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Wednesday, May 24th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $52.00 target price (up from $49.00) on shares of DCT Industrial Trust in a report on Monday, May 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. DCT Industrial Trust has a consensus rating of “Hold” and an average target price of $52.50.

Earnings History and Estimates for DCT Industrial Trust (NYSE:DCT)

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Shares of DCT Industrial Trust (NYSE DCT) traded down 0.45% during midday trading on Thursday, hitting $54.95. 50,586 shares of the stock were exchanged. DCT Industrial Trust has a 12-month low of $42.96 and a 12-month high of $55.69. The company has a market cap of $5.05 billion, a PE ratio of 70.27 and a beta of 0.97. The firm has a 50-day moving average price of $52.33 and a 200-day moving average price of $48.73.

DCT Industrial Trust (NYSE:DCT) last announced its earnings results on Thursday, May 4th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. DCT Industrial Trust had a net margin of 17.68% and a return on equity of 3.67%. The business had revenue of $105.90 million during the quarter, compared to analysts’ expectations of $103.61 million. During the same period in the prior year, the company earned $0.54 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.25%. DCT Industrial Trust’s dividend payout ratio is currently 158.97%.

In other news, CFO Matthew T. Murphy sold 7,481 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.90, for a total transaction of $395,744.90. Following the sale, the chief financial officer now owns 37 shares in the company, valued at $1,957.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philip L. Hawkins sold 19,731 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $51.39, for a total transaction of $1,013,976.09. Following the sale, the insider now owns 142,167 shares in the company, valued at approximately $7,305,962.13. The disclosure for this sale can be found here. Insiders have sold 28,532 shares of company stock worth $1,480,552 in the last 90 days. 1.50% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in DCT Industrial Trust by 13.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,780 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 333 shares in the last quarter. Blue Sky Asset Management LLC purchased a new stake in DCT Industrial Trust during the first quarter worth about $189,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in DCT Industrial Trust by 5.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 299 shares in the last quarter. World Asset Management Inc raised its stake in DCT Industrial Trust by 3.1% in the first quarter. World Asset Management Inc now owns 5,678 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 173 shares in the last quarter. Finally, Cadence Capital Management LLC purchased a new stake in DCT Industrial Trust during the fourth quarter worth about $287,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

DCT Industrial Trust Company Profile

DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company specializes in the ownership, acquisition, development, leasing and management of bulk-distribution and light-industrial properties located in various distribution markets in the United States. The Company operates through three segments: East, Central and West.

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