DCT Industrial Trust Inc (NYSE:DCT)‘s stock had its “hold” rating restated by research analysts at SunTrust Banks, Inc. in a research note issued on Tuesday. They presently have a $56.00 price objective on the real estate investment trust’s stock. SunTrust Banks, Inc.’s target price suggests a potential downside of 3.53% from the company’s previous close.

DCT has been the subject of several other research reports. Zacks Investment Research cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating and set a $60.00 target price (up previously from $58.00) on shares of DCT Industrial Trust in a report on Wednesday, August 9th. KeyCorp restated a “buy” rating on shares of DCT Industrial Trust in a report on Friday. Finally, UBS AG cut shares of DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 target price for the company. in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. DCT Industrial Trust currently has an average rating of “Hold” and a consensus target price of $55.55.

DCT Industrial Trust (DCT) traded down 0.80% on Tuesday, hitting $58.05. 609,012 shares of the stock were exchanged. 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 one year low of $42.96 and a one year high of $60.21. The company has a 50 day moving average of $58.82 and a 200 day moving average of $55.20.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The company had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $106.54 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts forecast 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 the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $57.95, for a total transaction of $101,412.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in DCT Industrial Trust by 13.6% during 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 acquiring an additional 333 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of 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 purchasing an additional 2,237 shares during the period. Oakbrook Investments LLC bought a new position in shares of DCT Industrial Trust in the second quarter valued at about $202,000. Oppenheimer Asset Management Inc. bought a new position in shares of DCT Industrial Trust in the first quarter valued at about $288,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of DCT Industrial Trust in the second quarter valued at about $303,000. 95.37% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

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