Several other analysts also recently issued reports on DCT. Citigroup Inc. lifted their target price on DCT Industrial Trust from $40.00 to $47.00 and gave the company a neutral rating in a research note on Thursday, July 7th. BTIG Research assumed coverage on DCT Industrial Trust in a research note on Thursday, August 25th. They set a neutral rating on the stock. Zacks Investment Research downgraded DCT Industrial Trust from a buy rating to a hold rating in a research note on Tuesday, July 19th. Finally, Mizuho assumed coverage on DCT Industrial Trust in a research note on Wednesday, September 28th. They set a neutral rating and a $51.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. DCT Industrial Trust currently has a consensus rating of Hold and a consensus price target of $45.13.
DCT Industrial Trust (NYSE:DCT) traded up 0.86% during mid-day trading on Monday, hitting $47.01. The stock had a trading volume of 59,732 shares. The stock’s 50-day moving average price is $47.74 and its 200-day moving average price is $45.63. DCT Industrial Trust has a 12 month low of $32.88 and a 12 month high of $50.57. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 40.49 and a beta of 1.00.
DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $95.90 million for the quarter, compared to the consensus estimate of $94.94 million. DCT Industrial Trust had a return on equity of 5.57% and a net margin of 28.44%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS. On average, analysts predict that DCT Industrial Trust will post $2.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Friday, October 7th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, October 5th. DCT Industrial Trust’s dividend payout ratio is currently 99.15%.
Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new position in DCT Industrial Trust during the second quarter valued at $110,000. Public Employees Retirement Association of Colorado bought a new position in DCT Industrial Trust during the second quarter valued at $139,000. Daiwa Securities Group Inc. increased its position in DCT Industrial Trust by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,300 shares of the company’s stock valued at $159,000 after buying an additional 200 shares in the last quarter. BlackRock Japan Co. Ltd increased its position in DCT Industrial Trust by 1.7% in the first quarter. BlackRock Japan Co. Ltd now owns 4,674 shares of the company’s stock valued at $184,000 after buying an additional 79 shares in the last quarter. Finally, World Asset Management Inc bought a new position in DCT Industrial Trust during the second quarter valued at $207,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.
DCT Industrial Trust Company Profile
DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company is engaged in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in distribution markets in the United States. The Company operates in three segments: East, Central and West.
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