DCT Industrial Trust Inc (NYSE:DCT) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Friday, December 22nd will be paid a dividend of 0.36 per share by the real estate investment trust on Thursday, January 4th. This represents a $1.44 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, December 21st. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31.

DCT Industrial Trust has raised its dividend payment by an average of 1.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. DCT Industrial Trust has a dividend payout ratio of 59.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect DCT Industrial Trust to earn $2.57 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 56.0%.

Shares of DCT Industrial Trust (DCT) opened at $59.44 on Friday. DCT Industrial Trust has a fifty-two week low of $43.95 and a fifty-two week high of $61.53. The stock has a market capitalization of $5,528.36, a PE ratio of 24.63, a price-to-earnings-growth ratio of 5.65 and a beta of 0.95. The company has a quick ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.84.

DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $105.18 million during the quarter, compared to the consensus estimate of $105.96 million. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. sell-side analysts predict that DCT Industrial Trust will post 2.44 EPS for the current fiscal year.

Several research analysts have recently weighed in on the company. J P Morgan Chase & Co cut DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 price objective for the company. in a research report on Friday. BMO Capital Markets reissued a “market perform” rating and set a $61.00 price target on shares of DCT Industrial Trust in a research report on Monday, September 11th. Janney Montgomery Scott started coverage on DCT Industrial Trust in a research report on Friday, September 29th. They set a “neutral” rating and a $59.00 price target for the company. Zacks Investment Research cut DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 27th. Finally, UBS cut DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price target for the company. in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.50.

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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.

Dividend History for DCT Industrial Trust (NYSE:DCT)

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