DCT Industrial Trust (DCT) Hits New 1-Year High at $68.42
DCT Industrial Trust Inc (NYSE:DCT)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $68.42 and last traded at $68.53, with a volume of 35485 shares changing hands. The stock had previously closed at $67.00.
DCT has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Tuesday, July 3rd. BMO Capital Markets restated a “hold” rating and issued a $66.00 price objective on shares of DCT Industrial Trust in a report on Thursday, August 2nd. Wells Fargo & Co lowered shares of 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. Finally, Citigroup boosted their price objective on shares of DCT Industrial Trust from $64.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.10.
The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 6.37 and a beta of 0.83.
Large investors have recently bought and sold shares of the business. UBS Group AG grew its position in DCT Industrial Trust by 173.4% in the 1st quarter. UBS Group AG now owns 2,026 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,285 shares during the period. Assetmark Inc. grew its position in DCT Industrial Trust by 6,114.7% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 2,079 shares during the period. Quantbot Technologies LP bought a new stake in DCT Industrial Trust in the 1st quarter worth approximately $121,000. Point72 Hong Kong Ltd grew its position in DCT Industrial Trust by 2,814.9% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,536 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 2,449 shares during the period. Finally, NumerixS Investment Technologies Inc bought a new stake in DCT Industrial Trust in the 2nd quarter worth approximately $172,000. 94.55% of the stock is owned by institutional investors and hedge funds.
DCT Industrial Trust Company Profile (NYSE:DCT)
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.
See Also: Growth Stocks
Receive News & Ratings for DCT Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCT Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.