Brokerages Set DCT Industrial Trust Inc. (NYSE:DCT) Target Price at $42.50
Shares of DCT Industrial Trust Inc. (NYSE:DCT) have received an average rating of “Hold” from the ten brokerages that are currently covering the stock. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $42.50.
A number of research analysts have recently issued reports on the company. Capital One Financial Corp. lowered DCT Industrial Trust from an “equal weight” rating to an “underweight” rating in a research report on Monday, August 8th. BTIG Research assumed coverage on DCT Industrial Trust in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Zacks Investment Research lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Citigroup Inc. increased their target price on DCT Industrial Trust from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Finally, Evercore ISI lowered DCT Industrial Trust from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research report on Monday, May 23rd.
Several hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in shares of DCT Industrial Trust during the second quarter worth about $110,000. Public Employees Retirement Association of Colorado bought a new stake in shares of DCT Industrial Trust during the second quarter worth about $139,000. Daiwa Securities Group Inc. increased its stake in shares of DCT Industrial Trust by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,300 shares of the company’s stock worth $159,000 after buying an additional 200 shares during the period. BlackRock Japan Co. Ltd increased its stake in shares of DCT Industrial Trust by 1.7% in the first quarter. BlackRock Japan Co. Ltd now owns 4,674 shares of the company’s stock worth $184,000 after buying an additional 79 shares during the period. Finally, Rehmann Capital Advisory Group bought a new stake in shares of DCT Industrial Trust during the first quarter worth about $207,000. 98.74% of the stock is owned by institutional investors and hedge funds.
Shares of DCT Industrial Trust (NYSE:DCT) opened at 47.67 on Thursday. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 41.06 and a beta of 0.95. DCT Industrial Trust has a 52 week low of $32.88 and a 52 week high of $50.57. The stock’s 50 day moving average is $48.62 and its 200-day moving average is $44.40.
DCT Industrial Trust (NYSE:DCT) last announced its earnings results on Thursday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. DCT Industrial Trust had a return on equity of 5.57% and a net margin of 28.44%. The firm had revenue of $95.90 million for the quarter, compared to analyst estimates of $94.94 million. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue was up 8.4% on a year-over-year basis. On average, analysts anticipate that DCT Industrial Trust will post $2.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Friday, October 7th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Wednesday, October 5th. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 99.15%.
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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