Equities research analysts at Jefferies Group LLC initiated coverage on shares of DCT Industrial Trust Inc (NYSE:DCT) in a research note issued on Friday, The Fly reports. The firm set a “hold” rating on the real estate investment trust’s stock.

DCT has been the topic of several other reports. Stifel Nicolaus boosted their price target on DCT Industrial Trust from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Friday, June 16th. BidaskClub lowered DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $52.00 target price (up from $49.00) on shares of DCT Industrial Trust in a research report on Monday, May 15th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $52.83.

Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

Shares of DCT Industrial Trust (DCT) opened at 54.58 on Friday. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 69.80 and a beta of 0.97. The company’s 50 day moving average is $52.80 and its 200-day moving average is $49.02. DCT Industrial Trust has a 1-year low of $42.96 and a 1-year high of $55.69.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $105.90 million for the quarter, compared to analyst estimates of $103.61 million. DCT Industrial Trust had a return on equity of 3.67% and a net margin of 17.68%. DCT Industrial Trust’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. Equities analysts anticipate that DCT Industrial Trust will post $0.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Friday, June 30th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Wednesday, June 28th. DCT Industrial Trust’s payout ratio is 158.97%.

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In other DCT Industrial Trust news, CFO Matthew T. Murphy sold 7,481 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $52.90, for a total value of $395,744.90. Following the transaction, the chief financial officer now directly owns 37 shares of the company’s stock, valued at approximately $1,957.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Philip L. Hawkins sold 19,731 shares of the company’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 value of $1,013,976.09. Following the completion of the transaction, the insider now directly owns 142,167 shares in the company, valued at $7,305,962.13. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,532 shares of company stock worth $1,480,552. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in DCT. PNC Financial Services Group Inc. raised its position in shares of 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 during the last quarter. Blue Sky Asset Management LLC acquired a new position in shares of DCT Industrial Trust during the first quarter worth about $189,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 during the last quarter. World Asset Management Inc increased its stake in shares of 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 during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of DCT Industrial Trust during the first quarter worth $288,000. 96.01% of the stock is currently owned by institutional investors.

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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