DCT Industrial Trust (DCT) Earns Daily Media Impact Rating of 0.17
Media headlines about DCT Industrial Trust (NYSE:DCT) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. DCT Industrial Trust earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.4163119268709 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- See what the IHS Markit Score report has to say about DCT Industrial Trust Inc. (finance.yahoo.com)
- Neuberger Berman Group LLC Decreases Its Holdings in DCT Industrial Trust Inc (DCT) (highlightpress.com)
- Neuberger Berman Group LLC Sells A Little More DCT Industrial Trust Inc (DCT) Stock In The Last Quarter (highlightpress.com)
- DCT Industrial Trust Inc (DCT) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- DCT Industrial Trust Inc. (DCT) PT Raised to $60 at Stifel (streetinsider.com)
DCT Industrial Trust (NYSE DCT) opened at 55.44 on Friday. The company has a 50-day moving average price of $54.84 and a 200-day moving average price of $50.92. DCT Industrial Trust has a 12-month low of $42.96 and a 12-month high of $57.28. The firm has a market cap of $5.16 billion, a P/E ratio of 55.55 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $104.50 million for the quarter, compared to analysts’ expectations of $106.54 million. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. On average, analysts predict that DCT Industrial Trust will post $0.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, October 6th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio (DPR) is 125.25%.
A number of brokerages have recently weighed in on DCT. BidaskClub downgraded DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 target price (up previously from $58.00) on shares of DCT Industrial Trust in a report on Wednesday. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $52.00 target price (up previously from $49.00) on shares of DCT Industrial Trust in a report on Monday, May 15th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.71.
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In other DCT Industrial Trust news, insider Mark Skomal sold 1,320 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $53.66, for a total transaction of $70,831.20. Following the transaction, the insider now owns 1,167 shares of the company’s stock, valued at approximately $62,621.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew T. Murphy sold 7,481 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $52.90, for a total value of $395,744.90. Following the transaction, the chief financial officer now directly owns 37 shares in the company, valued at approximately $1,957.30. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
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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