DCT Industrial Trust Inc (NYSE:DCT) has earned an average rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $58.63.
Several research firms recently weighed in on DCT. ValuEngine downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Citigroup cut their price objective on DCT Industrial Trust from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Mizuho reissued a “hold” rating and set a $59.00 price objective on shares of DCT Industrial Trust in a report on Sunday, February 4th. BMO Capital Markets reissued a “hold” rating and set a $60.00 price objective on shares of DCT Industrial Trust in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. downgraded DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 price objective on the stock. in a report on Friday, December 15th.
Shares of DCT stock opened at $57.34 on Wednesday. The firm has a market capitalization of $5,388.17, a price-to-earnings ratio of 51.66, a price-to-earnings-growth ratio of 5.90 and a beta of 0.91. DCT Industrial Trust has a twelve month low of $46.43 and a twelve month high of $61.53. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.84.
DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.38). The business had revenue of $108.90 million during the quarter, compared to analyst estimates of $106.66 million. DCT Industrial Trust had a net margin of 24.34% and a return on equity of 5.27%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. equities research analysts expect that DCT Industrial Trust will post 2.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Friday, March 30th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, March 28th. DCT Industrial Trust’s dividend payout ratio (DPR) is 129.73%.
In other DCT Industrial Trust news, insider John V. Pharris sold 3,362 shares of DCT Industrial Trust stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.93, for a total transaction of $188,036.66. Following the transaction, the insider now directly owns 4,261 shares of the company’s stock, valued at approximately $238,317.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew T. Murphy sold 18,000 shares of DCT Industrial Trust stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $57.35, for a total value of $1,032,300.00. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in DCT. Bank of New York Mellon Corp lifted its holdings in DCT Industrial Trust by 86.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,249,663 shares of the real estate investment trust’s stock worth $132,234,000 after buying an additional 1,046,097 shares during the period. Renaissance Technologies LLC lifted its holdings in DCT Industrial Trust by 78.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,007,775 shares of the real estate investment trust’s stock worth $59,237,000 after buying an additional 442,600 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in DCT Industrial Trust by 43.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,326,546 shares of the real estate investment trust’s stock worth $76,834,000 after buying an additional 401,099 shares during the period. BlackRock Inc. lifted its holdings in DCT Industrial Trust by 2.8% during the 4th quarter. BlackRock Inc. now owns 11,228,296 shares of the real estate investment trust’s stock worth $660,001,000 after buying an additional 310,745 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in DCT Industrial Trust by 141.6% during the 4th quarter. Teachers Advisors LLC now owns 358,939 shares of the real estate investment trust’s stock worth $21,098,000 after buying an additional 210,400 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: “DCT Industrial Trust Inc (DCT) Receives Average Recommendation of “Hold” from Brokerages” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2018/03/21/dct-industrial-trust-inc-dct-receives-average-recommendation-of-hold-from-brokerages.html.
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.
Receive News & Ratings for DCT Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCT Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.