DCT Industrial Trust (NYSE:DCT) was downgraded by investment analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a research note issued on Friday, Marketbeat reports. They presently have a $58.00 target price on the real estate investment trust’s stock. J P Morgan Chase & Co’s price objective suggests a potential downside of 2.42% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $61.00 target price on shares of DCT Industrial Trust in a report on Monday, September 11th. Janney Montgomery Scott began coverage on shares of DCT Industrial Trust in a report on Friday, September 29th. They issued a “neutral” rating and a $59.00 target price on the stock. UBS lowered shares of DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 target price on the stock. in a report on Friday, September 8th. Zacks Investment Research lowered shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Monday, November 27th. Finally, Jefferies Group reiterated a “hold” rating and issued a $57.00 target price on shares of DCT Industrial Trust in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have given 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 price target of $58.50.
DCT Industrial Trust (NYSE:DCT) traded up $0.08 on Friday, reaching $59.44. 809,496 shares of the company’s stock traded hands, compared to its average volume of 482,040. 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 firm has a market capitalization of $5,530.00, a price-to-earnings ratio of 24.58, a PEG ratio of 5.64 and a beta of 0.94. DCT Industrial Trust has a 12 month low of $43.95 and a 12 month high of $61.53.
Several large investors have recently modified their holdings of DCT. Canada Pension Plan Investment Board raised its holdings in shares of DCT Industrial Trust by 37.4% during the second quarter. Canada Pension Plan Investment Board now owns 25,000 shares of the real estate investment trust’s stock worth $1,336,000 after acquiring an additional 6,800 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of DCT Industrial Trust by 10.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 925,447 shares of the real estate investment trust’s stock worth $49,456,000 after acquiring an additional 86,430 shares during the period. Arizona State Retirement System raised its holdings in shares of DCT Industrial Trust by 1.6% during the second quarter. Arizona State Retirement System now owns 38,800 shares of the real estate investment trust’s stock worth $2,073,000 after acquiring an additional 600 shares during the period. Dupont Capital Management Corp raised its holdings in shares of DCT Industrial Trust by 77.4% during the second quarter. Dupont Capital Management Corp now owns 17,767 shares of the real estate investment trust’s stock worth $949,000 after acquiring an additional 7,752 shares during the period. Finally, State of Wisconsin Investment Board raised its holdings in shares of DCT Industrial Trust by 84.5% during the second quarter. State of Wisconsin Investment Board now owns 51,920 shares of the real estate investment trust’s stock worth $2,775,000 after acquiring an additional 23,784 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.
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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.
