Wall Street analysts forecast that DCT Industrial Trust Inc (NYSE:DCT) will report earnings per share (EPS) of $0.65 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for DCT Industrial Trust’s earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.66. DCT Industrial Trust posted earnings of $0.61 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6.6%. The firm is scheduled to report its next earnings results on Thursday, November 1st.

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 $2.57 to $2.61. For the next fiscal year, analysts anticipate that the company 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 research analysts that follow DCT Industrial Trust.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.39). The company had revenue of $109.78 million during the quarter, compared to analyst estimates of $110.02 million. DCT Industrial Trust had a net margin of 27.54% and a return on equity of 5.90%.

Several equities research analysts have recently commented on the company. Citigroup increased their price objective on DCT Industrial Trust from $64.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. BMO Capital Markets reissued a “hold” rating and issued a $66.00 price objective on shares of DCT Industrial Trust in a report on Thursday, August 2nd. Zacks Investment Research downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Finally, Wells Fargo & Co downgraded DCT Industrial Trust from an “outperform” rating to a “market perform” rating and set a $67.00 price objective for the company. in a report on Monday, May 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $62.10.

Shares of NYSE DCT traded up $1.79 during trading hours on Friday, hitting $68.69. The company had a trading volume of 604,241 shares, compared to its average volume of 704,879. The company has a market cap of $6.19 billion, a PE ratio of 28.04, a PEG ratio of 6.37 and a beta of 0.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.85. DCT Industrial Trust has a 1-year low of $52.58 and a 1-year high of $68.78.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cowen Inc. bought a new position in DCT Industrial Trust during the 2nd quarter worth $59,655,000. Jane Street Group LLC increased its position in DCT Industrial Trust by 156.2% during the 2nd quarter. Jane Street Group LLC now owns 9,159 shares of the real estate investment trust’s stock worth $611,000 after buying an additional 5,584 shares during the period. Qube Research & Technologies Ltd bought a new position in DCT Industrial Trust during the 2nd quarter worth $266,000. Millennium Management LLC increased its position in DCT Industrial Trust by 1,546.9% during the 2nd quarter. Millennium Management LLC now owns 394,926 shares of the real estate investment trust’s stock worth $26,353,000 after buying an additional 370,946 shares during the period. Finally, Alpine Global Management LLC bought a new position in DCT Industrial Trust during the 2nd quarter worth $7,043,000. Institutional investors and hedge funds own 94.55% of the company’s stock.

DCT Industrial Trust Company Profile

DCT Industrial is a leading logistics real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States. DCT's actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics.

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

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