DCT Industrial Trust (DCT) Rating Reiterated by Mizuho

DCT Industrial Trust (NYSE:DCT)‘s stock had its “hold” rating reaffirmed by analysts at Mizuho in a research note issued to investors on Sunday. They presently have a $59.00 price objective on the real estate investment trust’s stock. Mizuho’s price objective indicates a potential upside of 1.62% from the stock’s previous close.

DCT has been the subject of a number of other reports. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Wednesday, November 8th. ValuEngine downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. downgraded shares of DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 price objective for the company. in a research report on Friday, December 15th. SunTrust Banks restated a “hold” rating on shares of DCT Industrial Trust in a research report on Friday, December 1st. Finally, Jefferies Group restated a “hold” rating and set a $59.00 price objective on shares of DCT Industrial Trust in a research report on Friday, November 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. DCT Industrial Trust has an average rating of “Hold” and an average target price of $58.45.

DCT Industrial Trust (DCT) traded down $0.51 during midday trading on Friday, hitting $58.06. 1,037,617 shares of the stock were exchanged, compared to its average volume of 543,091. The company has a current ratio of 0.87, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. DCT Industrial Trust has a 52 week low of $44.17 and a 52 week high of $61.53. The firm has a market capitalization of $5,407.30, a P/E ratio of 52.31, a price-to-earnings-growth ratio of 5.24 and a beta of 0.87.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.38). DCT Industrial Trust had a net margin of 24.34% and a return on equity of 5.30%. The business had revenue of $108.90 million during the quarter, compared to analyst estimates of $106.66 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. research analysts predict that DCT Industrial Trust will post 2.58 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its position in DCT Industrial Trust by 24.7% during the fourth quarter. American Century Companies Inc. now owns 341,902 shares of the real estate investment trust’s stock valued at $20,097,000 after purchasing an additional 67,772 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of DCT Industrial Trust by 19.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 370,031 shares of the real estate investment trust’s stock worth $21,750,000 after buying an additional 59,733 shares during the last quarter. Gator Capital Management LLC bought a new stake in shares of DCT Industrial Trust during the fourth quarter worth $946,000. Picton Mahoney Asset Management grew its stake in shares of DCT Industrial Trust by 137.5% during the fourth quarter. Picton Mahoney Asset Management now owns 6,000 shares of the real estate investment trust’s stock worth $353,000 after buying an additional 22,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of DCT Industrial Trust by 24.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,775 shares of the real estate investment trust’s stock worth $457,000 after buying an additional 1,506 shares during the last quarter. Institutional investors and hedge funds own 95.01% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “DCT Industrial Trust (DCT) Rating Reiterated by Mizuho” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/04/dct-industrial-trust-dct-rating-reiterated-by-mizuho.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCT Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply