DCT Industrial Trust (NYSE:DCT)‘s stock had its “hold” rating reaffirmed by research analysts at SunTrust Banks in a research note issued to investors on Friday.

A number of other brokerages have also recently issued reports on DCT. Zacks Investment Research cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 27th. Jefferies Group restated a “hold” rating and set a $59.00 target price on shares of DCT Industrial Trust in a research report on Friday, November 24th. ValuEngine cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets reissued a “market perform” rating and issued a $61.00 price objective on shares of DCT Industrial Trust in a research report on Monday, September 11th. Finally, Citigroup boosted their price objective on shares of DCT Industrial Trust from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. One equities research 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’s stock. DCT Industrial Trust has an average rating of “Hold” and a consensus target price of $57.40.

DCT Industrial Trust (NYSE DCT) opened at $60.01 on Friday. The company has a current ratio of 0.87, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The stock has a market cap of $5,590.00, a PE ratio of 24.95, a price-to-earnings-growth ratio of 5.83 and a beta of 0.94. DCT Industrial Trust has a 52-week low of $43.95 and a 52-week high of $61.53.

DCT Industrial Trust (NYSE:DCT) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $105.18 million during the quarter, compared to analysts’ expectations of $105.96 million. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. equities analysts expect that DCT Industrial Trust will post 2.44 EPS for the current year.

Large investors have recently bought and sold shares of the company. 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 buying an additional 2,237 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of DCT Industrial Trust by 8.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 246 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of DCT Industrial Trust in the third quarter valued at approximately $176,000. Parametrica Management Ltd acquired a new position in shares of DCT Industrial Trust in the third quarter valued at approximately $214,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in DCT Industrial Trust during the third quarter worth approximately $234,000. 95.17% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “DCT Industrial Trust’s (DCT) “Hold” Rating Reaffirmed at SunTrust Banks” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/12/02/dct-industrial-trusts-dct-hold-rating-reaffirmed-at-suntrust-banks.html.

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.

Analyst Recommendations 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.