DCT Industrial Trust Inc (DCT) Given Average Rating of “Hold” by Brokerages

Shares of DCT Industrial Trust Inc (NYSE:DCT) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $57.75.

DCT has been the topic of a number of analyst reports. UBS Group cut 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 research note on Friday, September 8th. Zacks Investment Research cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. BMO Capital Markets reissued a “market perform” rating and issued a $61.00 target price on shares of DCT Industrial Trust in a research note on Monday, September 11th. ValuEngine raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Finally, Jefferies Group reissued a “hold” rating and issued a $59.00 target price on shares of DCT Industrial Trust in a research note on Friday, November 24th.

DCT Industrial Trust (DCT) opened at $57.18 on Friday. DCT Industrial Trust has a twelve month low of $43.95 and a twelve month high of $61.53. 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 $5,340.00, a PE ratio of 51.98, a PEG ratio of 5.25 and a beta of 0.94.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. This represents a $1.44 dividend on an annualized basis and a yield of 2.52%. DCT Industrial Trust’s payout ratio is 130.91%.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in DCT Industrial Trust by 0.7% in the second quarter. Vanguard Group Inc. now owns 14,465,962 shares of the real estate investment trust’s stock valued at $773,062,000 after buying an additional 96,295 shares in the last quarter. Standard Life Investments LTD boosted its position in DCT Industrial Trust by 18.6% in the second quarter. Standard Life Investments LTD now owns 1,538,501 shares of the real estate investment trust’s stock valued at $82,209,000 after buying an additional 241,699 shares in the last quarter. PGGM Investments boosted its position in DCT Industrial Trust by 2.0% in the third quarter. PGGM Investments now owns 1,408,000 shares of the real estate investment trust’s stock valued at $81,551,000 after buying an additional 28,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in DCT Industrial Trust by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,359,409 shares of the real estate investment trust’s stock valued at $78,737,000 after buying an additional 31,086 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in DCT Industrial Trust by 207.4% in the third quarter. Principal Financial Group Inc. now owns 1,357,508 shares of the real estate investment trust’s stock valued at $78,627,000 after buying an additional 915,856 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

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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)

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