DCT Industrial Trust’s (DCT) Hold Rating Reiterated at SunTrust Banks
A number of other research analysts have also recently commented on DCT. ValuEngine cut shares of DCT Industrial Trust from a buy rating to a hold rating in a research report on Friday. Stifel Nicolaus reaffirmed a buy rating and issued a $60.00 price target (up from $58.00) on shares of DCT Industrial Trust in a report on Wednesday, August 9th. 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 price target on the stock. Jefferies Group reaffirmed a hold rating and issued a $59.00 price target on shares of DCT Industrial Trust in a report on Friday, November 24th. Finally, Zacks Investment Research cut shares of DCT Industrial Trust from a buy rating to a hold rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $57.40.
DCT Industrial Trust (DCT) traded down $0.13 during midday trading on Friday, hitting $60.01. 582,100 shares of the stock were exchanged, compared to its average volume of 480,761. 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 firm has a market capitalization of $5,588.90, a PE ratio of 24.90, a P/E/G ratio of 5.81 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $105.18 million for the quarter, compared to analysts’ expectations of $105.96 million. During the same period in the previous year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities analysts forecast that DCT Industrial Trust will post 2.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 22nd will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This is a boost from DCT Industrial Trust’s previous quarterly dividend of $0.31. This represents a $1.44 annualized dividend and a yield of 2.40%. DCT Industrial Trust’s dividend payout ratio is currently 112.73%.
A number of institutional investors and hedge funds have recently bought and sold shares of DCT. PNC Financial Services Group Inc. increased its stake 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 valued at $161,000 after purchasing an additional 246 shares during the last quarter. Meeder Asset Management Inc. increased its stake in DCT Industrial Trust by 397.3% during the third quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 2,237 shares during the last quarter. Quantbot Technologies LP bought a new stake in DCT Industrial Trust during the third quarter valued at $176,000. Parametrica Management Ltd bought a new stake in DCT Industrial Trust during the third quarter valued at $214,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in DCT Industrial Trust during the third quarter valued at $234,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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