Jefferies Group LLC reaffirmed their hold rating on shares of DCT Industrial Trust Inc (NYSE:DCT) in a research note published on Friday morning. Jefferies Group LLC currently has a $59.00 target price on the real estate investment trust’s stock. Jefferies Group also issued estimates for DCT Industrial Trust’s FY2017 earnings at $2.45 EPS and FY2018 earnings at $2.53 EPS.

Several other research analysts have also recently commented on the stock. UBS AG cut shares of DCT Industrial Trust from a neutral rating to a sell rating and set a $55.00 target price on the stock. in a report on Friday, September 8th. Zacks Investment Research raised shares of DCT Industrial Trust from a hold rating to a buy rating and set a $66.00 target price on the stock in a report on Tuesday, October 10th. BMO Capital Markets reaffirmed a market perform rating and set a $61.00 target price on shares of DCT Industrial Trust in a report on Monday, September 11th. ValuEngine raised shares of DCT Industrial Trust from a hold rating to a buy rating in a report on Friday, November 10th. Finally, KeyCorp reaffirmed a buy rating on shares of DCT Industrial Trust in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. DCT Industrial Trust has an average rating of Hold and a consensus price target of $57.40.

Shares of DCT Industrial Trust (DCT) traded down $0.26 during mid-day trading on Friday, reaching $60.81. 173,155 shares of the company’s stock traded hands, compared to its average volume of 427,705. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.87 and a quick ratio of 1.07. The firm has a market capitalization of $5,687.62, a P/E ratio of 25.34, a PEG ratio of 5.92 and a beta of 0.95. DCT Industrial Trust has a 1 year low of $43.95 and a 1 year high of $61.53.

DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $105.18 million during the quarter, compared to the consensus estimate of $105.96 million. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. research analysts forecast that DCT Industrial Trust will post 2.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, December 21st. This is a boost from DCT Industrial Trust’s previous quarterly dividend of $0.31. This represents a $1.44 annualized dividend and a dividend yield of 2.37%. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 112.73%.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in DCT Industrial Trust by 0.7% in the second quarter. Vanguard Group Inc. now owns 14,465,962 shares of the real estate investment trust’s stock valued at $773,062,000 after acquiring an additional 96,295 shares during the last quarter. Bank of New York Mellon Corp increased its stake in DCT Industrial Trust by 37.4% in the second quarter. Bank of New York Mellon Corp now owns 1,574,329 shares of the real estate investment trust’s stock valued at $84,132,000 after acquiring an additional 428,218 shares during the last quarter. Standard Life Investments LTD increased its stake in DCT Industrial Trust by 18.6% in the second quarter. Standard Life Investments LTD now owns 1,538,501 shares of the real estate investment trust’s stock valued at $82,209,000 after acquiring an additional 241,699 shares during the last quarter. PGGM Investments increased its stake in DCT Industrial Trust by 2.0% in the third quarter. PGGM Investments now owns 1,408,000 shares of the real estate investment trust’s stock valued at $81,551,000 after acquiring an additional 28,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in DCT Industrial Trust by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,359,409 shares of the real estate investment trust’s stock valued at $78,737,000 after acquiring an additional 31,086 shares during the last quarter. 95.49% of the stock is currently 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.

Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

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