DCT Industrial Trust (DCT) Receives Daily News Sentiment Rating of 0.08
Media headlines about DCT Industrial Trust (NYSE:DCT) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DCT Industrial Trust earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.7724474954387 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Stocks With Rising Relative Strength: DCT Industrial Trust (finance.yahoo.com)
- Brokers Issue Forecasts for DCT Industrial Trust Inc’s FY2017 Earnings (DCT) (americanbankingnews.com)
- DCT Industrial Trust Inc (DCT) Expected to Post Quarterly Sales of $106.02 Million (americanbankingnews.com)
Several equities research analysts recently weighed in on DCT shares. 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 report on Friday, December 15th. Citigroup upped their price objective on shares of DCT Industrial Trust from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. SunTrust Banks reaffirmed a “hold” rating and issued a $56.00 price objective on shares of DCT Industrial Trust in a report on Tuesday, October 24th. Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Tuesday, October 10th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $59.00 price objective on shares of DCT Industrial Trust in a report on Friday, November 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $58.50.
Shares of DCT Industrial Trust (NYSE:DCT) traded down $0.28 during trading on Friday, reaching $58.78. 342,113 shares of the company’s stock traded hands, compared to its average volume of 550,226. 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 12-month low of $43.95 and a 12-month high of $61.53. The company has a market capitalization of $5,500.42, a PE ratio of 53.44, a PEG ratio of 5.62 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 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 firm 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 business earned $0.60 earnings per share. DCT Industrial Trust’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities research analysts anticipate that DCT Industrial Trust will post 2.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be given a $0.36 dividend. The ex-dividend date 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 2.45%. DCT Industrial Trust’s payout ratio is 130.91%.
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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