DCT Industrial Trust (DCT) – Investment Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of DCT Industrial Trust (NYSE: DCT) recently:

  • 6/16/2017 – DCT Industrial Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $62.00 price target on the stock. According to Zacks, “DCT INDUSTRIAL is a leading industrial real estate company that owns, operates and develops high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico. “
  • 6/15/2017 – DCT Industrial Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DCT INDUSTRIAL is a leading industrial real estate company that owns, operates and develops high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico. “
  • 6/14/2017 – DCT Industrial Trust had its price target raised by analysts at Stifel Nicolaus from $55.00 to $58.00. They now have a “buy” rating on the stock.
  • 6/7/2017 – DCT Industrial Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “DCT INDUSTRIAL is a leading industrial real estate company that owns, operates and develops high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico. “
  • 6/6/2017 – DCT Industrial Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DCT INDUSTRIAL is a leading industrial real estate company that owns, operates and develops high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico. “
  • 6/1/2017 – DCT Industrial Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock. According to Zacks, “DCT INDUSTRIAL is a leading industrial real estate company that owns, operates and develops high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico. “
  • 5/31/2017 – DCT Industrial Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DCT INDUSTRIAL is a leading industrial real estate company that owns, operates and develops high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico. “
  • 5/24/2017 – DCT Industrial Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock. According to Zacks, “DCT INDUSTRIAL is a leading industrial real estate company that owns, operates and develops high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico. “
  • 5/15/2017 – DCT Industrial Trust had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $52.00 price target on the stock, up previously from $49.00.

DCT Industrial Trust Inc (NYSE:DCT) traded down 1.33% during midday trading on Tuesday, hitting $54.17. 62,177 shares of the company were exchanged. DCT Industrial Trust Inc has a 1-year low of $42.96 and a 1-year high of $55.69. The stock has a 50 day moving average of $52.70 and a 200 day moving average of $48.96. The firm has a market capitalization of $4.98 billion, a PE ratio of 69.27 and a beta of 0.97.

DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $105.90 million during the quarter, compared to analysts’ expectations of $103.61 million. DCT Industrial Trust had a net margin of 17.68% and a return on equity of 3.67%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. On average, equities analysts predict that DCT Industrial Trust Inc will post $0.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Friday, June 30th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.24 annualized dividend and a yield of 2.26%. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 158.97%.

In related news, insider Philip L. Hawkins sold 19,731 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $51.39, for a total transaction of $1,013,976.09. Following the completion of the sale, the insider now directly owns 142,167 shares in the company, valued at $7,305,962.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew T. Murphy sold 7,481 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.90, for a total transaction of $395,744.90. Following the sale, the chief financial officer now owns 37 shares of the company’s stock, valued at $1,957.30. The disclosure for this sale can be found here. Insiders sold 28,532 shares of company stock valued at $1,480,552 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

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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