Equities research analysts forecast that DCT Industrial Trust Inc (NYSE:DCT) will announce $0.62 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for DCT Industrial Trust’s earnings, with estimates ranging from $0.60 to $0.63. DCT Industrial Trust reported earnings of $0.61 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The company is expected to report its next earnings results after the market closes on Thursday, May 3rd.
According to Zacks, analysts expect that DCT Industrial Trust will report full-year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.56 to $2.60. For the next year, analysts anticipate that the firm will report earnings of $2.73 per share, with EPS estimates ranging from $2.70 to $2.77. Zacks’ EPS averages are an average based on a survey of analysts that follow DCT Industrial Trust.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.38). DCT Industrial Trust had a return on equity of 5.27% and a net margin of 24.34%. The business had revenue of $108.90 million for the quarter, compared to analysts’ expectations of $106.66 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. DCT Industrial Trust’s revenue for the quarter was up 6.6% compared to the same quarter last year.
Shares of NYSE DCT traded down $0.03 during trading on Monday, reaching $55.44. The stock had a trading volume of 377,136 shares, compared to its average volume of 576,206. DCT Industrial Trust has a one year low of $49.62 and a one year high of $61.53. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $5,197.94, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 5.69 and a beta of 0.88.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, March 30th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, March 28th. DCT Industrial Trust’s payout ratio is currently 58.78%.
In other DCT Industrial Trust news, insider John V. Pharris sold 3,362 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.93, for a total value of $188,036.66. Following the transaction, the insider now directly owns 4,261 shares of the company’s stock, valued at approximately $238,317.73. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew T. Murphy sold 18,000 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $57.35, for a total value of $1,032,300.00. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Vident Investment Advisory LLC acquired a new position in DCT Industrial Trust in the 4th quarter worth about $209,000. Lourd Capital LLC bought a new stake in shares of DCT Industrial Trust during the 4th quarter worth about $298,000. First Citizens Bank & Trust Co. bought a new stake in shares of DCT Industrial Trust during the 4th quarter worth about $330,000. Virtu Financial LLC bought a new stake in shares of DCT Industrial Trust during the 4th quarter worth about $333,000. Finally, Picton Mahoney Asset Management boosted its stake in shares of DCT Industrial Trust by 137.5% during the 4th quarter. Picton Mahoney Asset Management now owns 6,000 shares of the real estate investment trust’s stock worth $353,000 after acquiring an additional 22,000 shares in the last quarter. 96.25% of the stock is currently owned by 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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