Somewhat Positive Media Coverage Somewhat Unlikely to Impact DCT Industrial Trust (DCT) Stock Price
News stories about DCT Industrial Trust (NYSE:DCT) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. DCT Industrial Trust earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.883168800624 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of research firms recently commented on DCT. BMO Capital Markets reiterated a “market perform” rating and set a $61.00 price target on shares of DCT Industrial Trust in a report on Monday, September 11th. Janney Montgomery Scott began coverage on shares of DCT Industrial Trust in a report on Friday, September 29th. They set a “neutral” rating and a $59.00 price target for the company. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Tuesday, October 10th. KeyCorp reiterated a “buy” rating on shares of DCT Industrial Trust in a report on Friday, October 20th. Finally, Jefferies Group reiterated a “hold” rating and set a $57.00 price target on shares of DCT Industrial Trust in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $58.50.
Shares of DCT Industrial Trust (DCT) traded up $0.19 during midday trading on Monday, reaching $57.18. 477,895 shares of the company’s stock traded hands, compared to its average volume of 455,060. 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 has a 1-year low of $43.95 and a 1-year high of $61.53. The company has a market cap of $5,307.64, a price-to-earnings ratio of 51.98, a PEG ratio of 5.15 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The business had revenue of $105.18 million during the quarter, compared to analyst estimates of $105.96 million. During the same period in the prior year, the business earned $0.60 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. research analysts expect that DCT Industrial Trust will post 2.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. This represents a $1.44 annualized dividend and a yield of 2.52%. DCT Industrial Trust’s dividend payout ratio is 130.91%.
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DCT Industrial Trust Company Profile
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.
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