Shares of DCT Industrial Trust Inc (NYSE:DCT) have received an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $56.38.
Several analysts recently issued reports on the company. BidaskClub upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Janney Montgomery Scott started coverage on shares of DCT Industrial Trust in a research report on Friday, September 29th. They set a “neutral” rating and a $59.00 price target on the stock. ValuEngine cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group reaffirmed a “hold” rating and set a $57.00 price target on shares of DCT Industrial Trust in a research report on Tuesday, October 24th.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in DCT Industrial Trust by 8.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 246 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in DCT Industrial Trust by 397.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 2,237 shares during the period. Quantbot Technologies LP acquired a new position in DCT Industrial Trust in the 3rd quarter worth approximately $176,000. Parametrica Management Ltd acquired a new position in DCT Industrial Trust in the 3rd quarter worth approximately $214,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in DCT Industrial Trust in the 3rd quarter worth approximately $234,000. Institutional investors and hedge funds own 95.16% of the company’s stock.
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 (EPS) for the quarter, beating the 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 firm had revenue of $105.18 million during the quarter, compared to the consensus estimate of $105.96 million. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. equities analysts anticipate that DCT Industrial Trust will post 2.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 22nd will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, December 21st. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 112.73%.
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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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