Equities analysts expect that DCT Industrial Trust Inc (NYSE:DCT) will post $106.73 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for DCT Industrial Trust’s earnings. The highest sales estimate is $110.00 million and the lowest is $104.16 million. DCT Industrial Trust reported sales of $101.85 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.8%. The firm is scheduled to issue its next earnings report on Thursday, February 1st.

On average, analysts expect that DCT Industrial Trust will report full-year sales of $106.73 million for the current financial year, with estimates ranging from $417.80 million to $427.50 million. For the next fiscal year, analysts expect that the firm will report sales of $442.29 million per share, with estimates ranging from $424.29 million to $464.20 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for DCT Industrial Trust.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The company had revenue of $105.18 million for the quarter, compared to analysts’ expectations of $105.96 million. During the same period last year, the firm earned $0.60 earnings per share. DCT Industrial Trust’s quarterly revenue was up 4.9% on a year-over-year basis.

A number of analysts have weighed in on DCT shares. UBS AG cut DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price target on the stock. in a research note on Friday, September 8th. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Tuesday, October 10th. BMO Capital Markets restated 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. KeyCorp restated a “buy” rating on shares of DCT Industrial Trust in a research note on Friday, October 20th. Finally, BidaskClub upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $57.20.

In other DCT Industrial Trust news, Director John C. Okeeffe sold 1,750 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $57.95, for a total transaction of $101,412.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its holdings in shares of DCT Industrial Trust by 10.2% during the second quarter. Legal & General Group Plc now owns 306,236 shares of the real estate investment trust’s stock worth $16,366,000 after buying an additional 28,329 shares during the last quarter. South Dakota Investment Council grew its holdings in shares of DCT Industrial Trust by 25.3% during the second quarter. South Dakota Investment Council now owns 62,000 shares of the real estate investment trust’s stock worth $3,313,000 after buying an additional 12,500 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of DCT Industrial Trust by 3.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 159,926 shares of the real estate investment trust’s stock worth $8,546,000 after buying an additional 5,000 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of DCT Industrial Trust by 115.2% during the second quarter. Flinton Capital Management LLC now owns 11,050 shares of the real estate investment trust’s stock worth $591,000 after buying an additional 5,916 shares during the last quarter. Finally, Symphony Asset Management LLC grew its holdings in shares of DCT Industrial Trust by 51.3% during the second quarter. Symphony Asset Management LLC now owns 48,812 shares of the real estate investment trust’s stock worth $2,609,000 after buying an additional 16,551 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/18/106-73-million-in-sales-expected-for-dct-industrial-trust-inc-dct-this-quarter.html.

Shares of DCT Industrial Trust (NYSE:DCT) opened at $60.18 on Friday. DCT Industrial Trust has a 52 week low of $43.95 and a 52 week high of $60.98. The company has a quick ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $5,640.00, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 5.89 and a beta of 0.94.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be issued a dividend of $0.36 per share. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, December 21st. This represents a $1.44 annualized dividend and a dividend yield of 2.39%. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 112.73%.

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.

Get a free copy of the Zacks research report on DCT Industrial Trust (DCT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.