Equities analysts expect DCT Industrial Trust Inc (NYSE:DCT) to report $106.49 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for DCT Industrial Trust’s earnings, with the highest sales estimate coming in at $107.27 million and the lowest estimate coming in at $105.64 million. DCT Industrial Trust posted sales of $95.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.4%. The business is scheduled to report its next quarterly earnings results on Thursday, August 3rd.

According to Zacks, analysts expect that DCT Industrial Trust will report full-year sales of $106.49 million for the current year, with estimates ranging from $420.00 million to $430.40 million. For the next year, analysts forecast that the business will post sales of $447.25 million per share, with estimates ranging from $436.06 million to $466.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow DCT Industrial Trust.

DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. DCT Industrial Trust had a return on equity of 3.19% and a net margin of 14.91%. The business had revenue of $105.90 million during the quarter, compared to the consensus estimate of $103.61 million. During the same period in the previous year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis.

Several analysts have recently issued reports on DCT shares. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, May 24th. Citigroup Inc reiterated a “neutral” rating and set a $52.00 price target (up previously from $49.00) on shares of DCT Industrial Trust in a research note on Monday, May 15th. Finally, Capital One Financial Corp. upgraded DCT Industrial Trust from an “equal weight” rating to an “overweight” rating and set a $50.00 price target for the company in a research note on Wednesday, February 8th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $51.20.

DCT Industrial Trust (DCT) opened at 53.61 on Wednesday. DCT Industrial Trust has a 12 month low of $42.96 and a 12 month high of $53.92. The stock’s 50 day moving average price is $51.68 and its 200-day moving average price is $48.36. The firm has a market capitalization of $4.93 billion, a P/E ratio of 68.55 and a beta of 0.89.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.24 annualized dividend and a dividend yield of 2.31%. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 120.39%.

In other news, insider Philip L. Hawkins sold 19,731 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $51.39, for a total transaction of $1,013,976.09. Following the completion of the sale, the insider now owns 142,167 shares in the company, valued at approximately $7,305,962.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Skomal sold 1,320 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $53.66, for a total value of $70,831.20. Following the sale, the insider now owns 1,167 shares of the company’s stock, valued at approximately $62,621.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,532 shares of company stock valued at $1,480,552. 1.80% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of DCT. BlackRock Inc. boosted its position in DCT Industrial Trust by 2,315.3% in the first quarter. BlackRock Inc. now owns 10,598,157 shares of the real estate investment trust’s stock valued at $509,986,000 after buying an additional 10,159,364 shares in the last quarter. Morgan Stanley boosted its position in DCT Industrial Trust by 180.5% in the first quarter. Morgan Stanley now owns 1,516,648 shares of the real estate investment trust’s stock valued at $72,981,000 after buying an additional 975,957 shares in the last quarter. Norges Bank acquired a new position in DCT Industrial Trust during the fourth quarter valued at $37,886,000. Vanguard Group Inc. boosted its position in DCT Industrial Trust by 3.9% in the first quarter. Vanguard Group Inc. now owns 14,369,667 shares of the real estate investment trust’s stock valued at $691,469,000 after buying an additional 535,299 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in DCT Industrial Trust by 10,631.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 310,255 shares of the real estate investment trust’s stock valued at $14,929,000 after buying an additional 307,364 shares in the last quarter. 97.18% of the stock is owned by institutional investors and hedge funds.

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About DCT Industrial Trust

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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