DCT Industrial Trust (NYSE:DCT) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other analysts have also recently issued reports about the company. KeyCorp restated a “buy” rating on shares of DCT Industrial Trust in a research report on Friday, October 20th. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Tuesday, October 10th. Stifel Nicolaus restated a “buy” rating and issued a $60.00 target price (up from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday, August 9th. BidaskClub upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, SunTrust Banks restated a “hold” rating and issued a $56.00 target price on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $57.40.

Shares of DCT Industrial Trust (DCT) traded down $0.13 during trading on Friday, hitting $60.01. The stock had a trading volume of 582,186 shares, compared to its average volume of 390,760. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.87 and a quick ratio of 1.07. The firm has a market cap of $5,588.91, a PE ratio of 24.90, a price-to-earnings-growth ratio of 5.81 and a beta of 0.95. DCT Industrial Trust has a fifty-two week low of $43.95 and a fifty-two week high of $61.53.

DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $105.18 million for the quarter, compared to analysts’ expectations of $105.96 million. During the same period in the prior year, the firm earned $0.60 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. research analysts forecast that DCT Industrial Trust will post 2.44 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of DCT. AQR Capital Management LLC boosted its stake in DCT Industrial Trust by 16.5% during the 1st quarter. AQR Capital Management LLC now owns 24,525 shares of the real estate investment trust’s stock valued at $1,180,000 after purchasing an additional 3,472 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in DCT Industrial Trust by 21.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 281,665 shares of the real estate investment trust’s stock valued at $15,049,000 after purchasing an additional 50,594 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in DCT Industrial Trust by 30.3% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,277 shares of the real estate investment trust’s stock valued at $656,000 after purchasing an additional 2,858 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in DCT Industrial Trust by 3.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 100,625 shares of the real estate investment trust’s stock valued at $5,375,000 after purchasing an additional 2,886 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its stake in DCT Industrial Trust by 4.9% during the 2nd quarter. Rothschild Asset Management Inc. now owns 398,111 shares of the real estate investment trust’s stock valued at $21,275,000 after purchasing an additional 18,548 shares in the last quarter. 95.17% of the stock is owned by hedge funds and other institutional investors.

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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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