DCT Industrial Trust Inc (NYSE:DCT) – Stock analysts at KeyCorp issued their Q1 2017 earnings per share (EPS) estimates for shares of DCT Industrial Trust in a report issued on Tuesday. KeyCorp analyst C. Mailman forecasts that the brokerage will earn $0.57 per share for the quarter. KeyCorp also issued estimates for DCT Industrial Trust’s Q2 2017 earnings at $0.59 EPS, Q3 2017 earnings at $0.61 EPS, Q4 2017 earnings at $0.60 EPS and FY2018 earnings at $2.57 EPS.

DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company earned $102.23 million during the quarter, compared to the consensus estimate of $101.68 million. DCT Industrial Trust had a return on equity of 4.82% and a net margin of 23.65%. DCT Industrial Trust’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share.

“Analysts Set Expectations for DCT Industrial Trust Inc’s Q1 2017 Earnings (DCT)” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright & trademark law. The correct version of this article can be viewed at http://www.watchlistnews.com/analysts-set-expectations-for-dct-industrial-trust-incs-q1-2017-earnings-dct/1121910.html.

Earnings History and Estimates for DCT Industrial Trust (NYSE:DCT)

A number of other research analysts also recently issued reports on DCT. Zacks Investment Research downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. J P Morgan Chase & Co restated a “buy” rating on shares of DCT Industrial Trust in a report on Friday, November 11th. Capital One Financial Corporation upgraded DCT Industrial Trust from an “equal weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a report on Wednesday, February 8th. They noted that the move was a valuation call. Finally, Mizuho reduced their price target on DCT Industrial Trust from $51.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, November 7th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $46.22.

Shares of DCT Industrial Trust (NYSE:DCT) opened at 46.93 on Wednesday. The stock has a market capitalization of $4.29 billion, a P/E ratio of 45.65 and a beta of 0.89. The company’s 50 day moving average price is $46.97 and its 200-day moving average price is $47.10. DCT Industrial Trust has a 12 month low of $34.90 and a 12 month high of $50.57.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 12th. Shareholders of record on Friday, March 31st will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, March 29th. This represents a $1.24 annualized dividend and a yield of 2.64%. DCT Industrial Trust’s payout ratio is 120.39%.

In other DCT Industrial Trust news, CFO Matthew T. Murphy sold 16,170 shares of DCT Industrial Trust stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $45.41, for a total transaction of $734,279.70. Following the sale, the chief financial officer now directly owns 7,481 shares of the company’s stock, valued at approximately $339,712.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

“Analysts Set Expectations for DCT Industrial Trust Inc’s Q1 2017 Earnings (DCT)” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright & trademark law. The correct version of this article can be viewed at http://www.watchlistnews.com/analysts-set-expectations-for-dct-industrial-trust-incs-q1-2017-earnings-dct/1121910.html.

Several hedge funds have recently modified their holdings of DCT. Rothschild Asset Management Inc. boosted its stake in shares of DCT Industrial Trust by 3.3% in the second quarter. Rothschild Asset Management Inc. now owns 564,445 shares of the company’s stock worth $27,116,000 after buying an additional 17,865 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of DCT Industrial Trust by 96.7% in the second quarter. Neuberger Berman Group LLC now owns 625,232 shares of the company’s stock worth $30,036,000 after buying an additional 307,339 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of DCT Industrial Trust by 175.8% in the second quarter. Prudential Financial Inc. now owns 53,917 shares of the company’s stock worth $2,590,000 after buying an additional 34,369 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in shares of DCT Industrial Trust during the second quarter worth approximately $4,560,000. Finally, BlackRock Advisors LLC boosted its stake in shares of DCT Industrial Trust by 98.8% in the second quarter. BlackRock Advisors LLC now owns 88,908 shares of the company’s stock worth $4,271,000 after buying an additional 44,191 shares in the last quarter. 97.18% of the stock is currently owned by hedge funds and other institutional investors.

About DCT Industrial Trust

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.

5 Day Chart for NYSE:DCT

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