DCT Industrial Trust (DCT) Getting Somewhat Favorable Press Coverage, Report Shows

News headlines about DCT Industrial Trust (NYSE:DCT) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. DCT Industrial Trust earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.522386471484 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of research firms have recently commented on DCT. BMO Capital Markets restated a “hold” rating and set a $60.00 target price on shares of DCT Industrial Trust in a research report on Tuesday, January 9th. Citigroup dropped their target price on DCT Industrial Trust from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Mizuho restated a “hold” rating and set a $59.00 target price on shares of DCT Industrial Trust in a research report on Sunday, February 4th. JPMorgan Chase cut DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 target price on the stock. in a research report on Friday, December 15th. Finally, ValuEngine cut DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. DCT Industrial Trust currently has an average rating of “Hold” and a consensus price target of $59.20.

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DCT stock opened at $55.01 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.70 and a current ratio of 0.70. DCT Industrial Trust has a 12-month low of $49.62 and a 12-month high of $61.53. The stock has a market capitalization of $5,230.74, a P/E ratio of 22.45, a PEG ratio of 5.73 and a beta of 0.89.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.38). DCT Industrial Trust had a return on equity of 5.27% and a net margin of 24.34%. The firm had revenue of $108.90 million during the quarter, compared to analyst estimates of $106.66 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. analysts expect that DCT Industrial Trust will post 2.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Investors of record on Friday, March 30th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.62%. The ex-dividend date was Wednesday, March 28th. DCT Industrial Trust’s payout ratio is 58.78%.

In related news, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John V. Pharris sold 3,362 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.93, for a total transaction of $188,036.66. Following the completion of the transaction, the insider now directly owns 4,261 shares in the company, valued at $238,317.73. The disclosure for this sale can be found here. 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.

Insider Buying and Selling by Quarter for DCT Industrial Trust (NYSE:DCT)

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