DCT Industrial Trust Inc (NYSE:DCT) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.44-2.46 for the period, compared to the Thomson Reuters consensus estimate of $2.43.

A number of brokerages have recently issued reports on DCT. Stifel Nicolaus restated a buy rating and set a $60.00 price objective (up from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday, August 9th. Jefferies Group LLC reiterated a hold rating and issued a $57.00 target price on shares of DCT Industrial Trust in a report on Tuesday, October 24th. Janney Montgomery Scott initiated coverage on DCT Industrial Trust in a report on Friday, September 29th. They issued a neutral rating and a $59.00 target price for the company. SunTrust Banks, Inc. reiterated a hold rating and issued a $56.00 target price on shares of DCT Industrial Trust in a report on Tuesday, October 24th. Finally, KeyCorp reiterated 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, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $55.55.

DCT Industrial Trust Inc (NYSE:DCT) traded up $0.61 during midday trading on Friday, hitting $59.21. The stock had a trading volume of 516,828 shares, compared to its average volume of 521,593. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $5.49 billion, a P/E ratio of 24.49, a P/E/G ratio of 5.96 and a beta of 0.95.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $105.18 million during the quarter, compared to analyst estimates of $105.96 million. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.18%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. sell-side analysts expect that DCT Industrial Trust Inc will post 2.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, December 21st. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s payout ratio is currently 112.73%.

In other news, Director John C. Okeeffe sold 1,750 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $57.95, for a total value of $101,412.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

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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.

Earnings History and Estimates for DCT Industrial Trust (NYSE:DCT)

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