DCT Industrial Trust Inc (NYSE:DCT) to Release Quarterly Earnings on Thursday
DCT Industrial Trust Inc (NYSE:DCT) will announce its earnings results after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.60 per share for the quarter. DCT Industrial Trust has set its FY17 guidance at $2.36-2.44 EPS.
DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $103.61 million. During the same quarter in the prior year, the business earned $0.54 EPS. DCT Industrial Trust’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts expect DCT Industrial Trust to post $2.41 EPS for the current fiscal year and $2.54 EPS for the next fiscal year.
Shares of DCT Industrial Trust Inc (DCT) traded down 0.540% on Thursday, reaching $56.195. 19,982 shares of the company were exchanged. The company’s 50 day moving average is $54.30 and its 200 day moving average is $50.25. DCT Industrial Trust Inc has a 12-month low of $42.96 and a 12-month high of $56.73. The firm has a market capitalization of $5.17 billion, a PE ratio of 71.861 and a beta of 0.94.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Friday, June 30th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.24 dividend on an annualized basis and a yield of 2.19%. DCT Industrial Trust’s dividend payout ratio is currently 158.97%.
In other DCT Industrial Trust news, insider Philip L. Hawkins sold 19,731 shares of the company’s stock in a transaction 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 approximately $7,305,962.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew T. Murphy sold 7,481 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.90, for a total transaction of $395,744.90. Following the completion of the transaction, the chief financial officer now owns 37 shares of the company’s stock, valued at $1,957.30. The disclosure for this sale can be found here. Insiders sold a total of 28,532 shares of company stock valued at $1,480,552 over the last 90 days. Company insiders own 1.50% of the company’s stock.
A number of equities research analysts recently commented on DCT shares. Jefferies Group LLC started coverage on shares of DCT Industrial Trust in a report on Friday, June 23rd. They set a “hold” rating and a $53.00 price target for the company. Zacks Investment Research lowered shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Citigroup Inc. reiterated a “neutral” rating and set a $52.00 price target (up from $49.00) on shares of DCT Industrial Trust in a report on Monday, May 15th. Finally, BidaskClub lowered shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $52.43.
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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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