DCT Industrial Trust Inc (NYSE:DCT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “DCT INDUSTRIAL is a leading industrial real estate company that owns, operates and develops high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico. “

A number of other research firms also recently commented on DCT. BMO Capital Markets reiterated a “market perform” rating and issued a $61.00 price target on shares of DCT Industrial Trust in a research note on Monday, September 11th. UBS AG downgraded DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price target for the company. in a research note on Friday, September 8th. KeyCorp reiterated a “buy” rating on shares of DCT Industrial Trust in a research note on Friday. Jefferies Group LLC reiterated a “hold” rating and issued a $57.00 price target on shares of DCT Industrial Trust in a research note on Tuesday. Finally, Janney Montgomery Scott began coverage on DCT Industrial Trust in a research note on Friday, September 29th. They issued a “neutral” rating and a $59.00 price target for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. DCT Industrial Trust has an average rating of “Hold” and an average target price of $55.50.

DCT Industrial Trust (DCT) traded down 0.80% on Tuesday, reaching $58.05. The company had a trading volume of 609,012 shares. The firm has a 50-day moving average of $58.84 and a 200-day moving average of $55.14. The stock has a market capitalization of $5.40 billion, a P/E ratio of 58.17 and a beta of 0.95. DCT Industrial Trust has a 12 month low of $42.96 and a 12 month high of $60.21.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $104.50 million during the quarter, compared to the consensus estimate of $106.54 million. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. On average, equities research analysts expect that DCT Industrial Trust will post $0.88 earnings per share for the current fiscal year.

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In other DCT Industrial Trust news, Director John C. Okeeffe sold 1,750 shares of DCT Industrial Trust stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $57.95, for a total value of $101,412.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of DCT. PNC Financial Services Group Inc. boosted 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 valued at $133,000 after acquiring an additional 333 shares during the period. Meeder Asset Management Inc. boosted its stake in DCT Industrial Trust by 397.3% in the third quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 2,237 shares during the period. Oakbrook Investments LLC acquired a new position in DCT Industrial Trust in the second quarter valued at approximately $202,000. Oppenheimer Asset Management Inc. acquired a new position in DCT Industrial Trust in the first quarter valued at approximately $288,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in DCT Industrial Trust in the second quarter valued at approximately $303,000. Institutional investors own 95.37% of the company’s stock.

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.

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Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

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