Equities analysts predict that DCT Industrial Trust Inc (NYSE:DCT) will post sales of $106.10 million for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for DCT Industrial Trust’s earnings, with the lowest sales estimate coming in at $104.16 million and the highest estimate coming in at $107.32 million. DCT Industrial Trust posted sales of $101.85 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The company is scheduled to report its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that DCT Industrial Trust will report full-year sales of $106.10 million for the current financial year, with estimates ranging from $417.80 million to $422.92 million. For the next financial year, analysts expect that the business will post sales of $439.69 million per share, with estimates ranging from $424.29 million to $449.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover DCT Industrial Trust.

DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $105.18 million for the quarter, compared to analysts’ expectations of $105.96 million. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share.

Several analysts recently weighed in on DCT shares. Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Wednesday, November 8th. Citigroup raised their target price on shares of DCT Industrial Trust from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 10th. BidaskClub raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. ValuEngine raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Finally, Jefferies Group reiterated a “hold” rating and issued a $59.00 price target on shares of DCT Industrial Trust in a research note on Friday, November 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. DCT Industrial Trust currently has a consensus rating of “Hold” and a consensus target price of $57.40.

Shares of DCT Industrial Trust (DCT) opened at $58.70 on Wednesday. The firm has a market cap of $5,460.00, a P/E ratio of 24.90, a P/E/G ratio of 5.81 and a beta of 0.94. DCT Industrial Trust has a 1-year low of $43.95 and a 1-year high of $61.53. The company has a quick ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.84.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be paid a $0.36 dividend. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. This represents a $1.44 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, December 21st. DCT Industrial Trust’s dividend payout ratio is currently 112.73%.

Institutional investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. grew its position in shares of DCT Industrial Trust by 0.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,010 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 25 shares during the last quarter. World Asset Management Inc grew its position in shares of DCT Industrial Trust by 2.5% during the second quarter. World Asset Management Inc now owns 5,822 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 144 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of DCT Industrial Trust by 8.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 246 shares during the last quarter. Utah Retirement Systems grew its position in shares of DCT Industrial Trust by 1.3% during the second quarter. Utah Retirement Systems now owns 19,760 shares of the real estate investment trust’s stock worth $1,056,000 after acquiring an additional 253 shares during the last quarter. Finally, GAM Holding AG grew its position in shares of DCT Industrial Trust by 5.3% during the second quarter. GAM Holding AG now owns 7,968 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

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

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