DCT Industrial Trust Inc (DCT) Set to Announce Earnings on Thursday
DCT Industrial Trust Inc (NYSE:DCT) will post its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect DCT Industrial Trust to post earnings of $0.16 per share for the quarter. DCT Industrial Trust has set its FY17 guidance at $2.39-2.45 EPS.
DCT Industrial Trust (NYSE:DCT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The business had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $106.54 million. During the same period in the prior year, the company earned $0.54 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. On average, analysts expect DCT Industrial Trust to post $0.88 EPS for the current fiscal year and $0.76 EPS for the next fiscal year.
Shares of DCT Industrial Trust Inc (NYSE:DCT) opened at 57.80 on Thursday. The stock has a 50 day moving average of $58.80 and a 200-day moving average of $55.21. DCT Industrial Trust Inc has a one year low of $42.96 and a one year high of $60.21. The stock has a market capitalization of $5.38 billion, a PE ratio of 57.92 and a beta of 0.95.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Friday, October 6th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 125.25%.
In other DCT Industrial Trust news, Director John C. Okeeffe sold 1,750 shares of the business’s stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/26/dct-industrial-trust-inc-dct-set-to-announce-earnings-on-thursday.html.
Several research analysts have recently commented on DCT shares. KeyCorp reaffirmed a “buy” rating on shares of DCT Industrial Trust in a report on Friday, October 20th. Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Tuesday, October 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 price target (up from $58.00) on shares of DCT Industrial Trust in a report on Wednesday, August 9th. BidaskClub raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $56.00 price target on shares of DCT Industrial Trust in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $55.55.
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.
Receive News & Ratings for DCT Industrial Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCT Industrial Trust Inc and related companies with MarketBeat.com's FREE daily email newsletter.