DCT Industrial Trust Inc (NYSE:DCT) – Equities researchers at KeyCorp upped their FY2017 EPS estimates for DCT Industrial Trust in a research note issued on Thursday. KeyCorp analyst C. Mailman now forecasts that the real estate investment trust will earn $2.43 per share for the year, up from their previous estimate of $2.42. KeyCorp also issued estimates for DCT Industrial Trust’s FY2018 earnings at $2.59 EPS.

DCT Industrial Trust (NYSE:DCT) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The company had revenue of $104.50 million for the quarter, compared to the consensus estimate of $106.54 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “DCT Industrial Trust Inc Expected to Earn FY2017 Earnings of $2.43 Per Share (DCT)” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/18/dct-industrial-trust-inc-expected-to-earn-fy2017-earnings-of-2-43-per-share-dct.html.

A number of other research analysts have also weighed in on DCT. BidaskClub upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Thursday. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 price objective (up from $58.00) on shares of DCT Industrial Trust in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Jefferies Group LLC began coverage on shares of DCT Industrial Trust in a research note on Friday, June 23rd. They issued a “hold” rating and a $53.00 price objective for the company. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.71.

Shares of DCT Industrial Trust (NYSE DCT) opened at 56.92 on Friday. The company has a market capitalization of $5.30 billion, a PE ratio of 57.03 and a beta of 0.95. The company has a 50 day moving average price of $55.13 and a 200 day moving average price of $51.20. DCT Industrial Trust has a 52 week low of $42.96 and a 52 week high of $57.61.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, October 6th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.18%. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 125.25%.

In other news, insider Mark Skomal sold 1,320 shares of DCT Industrial Trust stock in a transaction on Monday, June 5th. The shares were sold at an average price of $53.66, for a total transaction of $70,831.20. Following the completion of the sale, the insider now directly owns 1,167 shares of the company’s stock, valued at approximately $62,621.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew T. Murphy sold 7,481 shares of DCT Industrial Trust 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 sale, the chief financial officer now directly owns 37 shares of the company’s stock, valued at $1,957.30. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in DCT Industrial Trust by 37.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 223,425 shares of the real estate investment trust’s stock worth $10,698,000 after buying an additional 60,717 shares in the last quarter. Teachers Advisors LLC increased its stake in DCT Industrial Trust by 13.4% in the fourth quarter. Teachers Advisors LLC now owns 129,003 shares of the real estate investment trust’s stock worth $6,177,000 after buying an additional 15,242 shares in the last quarter. Capstone Asset Management Co. increased its stake in DCT Industrial Trust by 30.7% in the first quarter. Capstone Asset Management Co. now owns 11,303 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 2,653 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in DCT Industrial Trust by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the real estate investment trust’s stock worth $1,116,000 after buying an additional 700 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in DCT Industrial Trust by 34.9% in the first quarter. Nisa Investment Advisors LLC now owns 7,150 shares of the real estate investment trust’s stock worth $344,000 after buying an additional 1,850 shares in the last quarter. 96.06% of the stock is owned by institutional investors.

About DCT Industrial Trust

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.

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

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