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.

DCT Industrial Trust (NYSE:DCT) last posted its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.39). DCT Industrial Trust had a return on equity of 5.90% and a net margin of 27.54%. The company had revenue of $109.78 million during the quarter, compared to the consensus estimate of $110.02 million. analysts forecast that DCT Industrial Trust Inc will post 2.58 EPS for the current year.

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.

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