Q2 2018 EPS Estimates for DCT Industrial Trust Inc Raised by Analyst (DCT)

DCT Industrial Trust Inc (NYSE:DCT) – Jefferies Group raised their Q2 2018 earnings per share (EPS) estimates for shares of DCT Industrial Trust in a note issued to investors on Wednesday, May 16th. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $0.64 for the quarter, up from their prior forecast of $0.63. Jefferies Group also issued estimates for DCT Industrial Trust’s Q3 2018 earnings at $0.66 EPS, FY2018 earnings at $2.61 EPS and FY2020 earnings at $2.92 EPS.

Other equities research analysts also recently issued reports about the stock. ValuEngine upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BMO Capital Markets restated a “hold” rating and set a $60.00 price objective on shares of DCT Industrial Trust in a research report on Thursday, February 1st. Mizuho restated a “hold” rating and set a $59.00 price objective on shares of DCT Industrial Trust in a research report on Sunday, February 4th. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Wells Fargo downgraded shares of DCT Industrial Trust from an “outperform” rating to a “market perform” rating and set a $67.00 price objective for the company. in a research report on Monday, May 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $59.91.

Shares of DCT stock opened at $63.78 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 6.21 and a beta of 0.86. DCT Industrial Trust has a 12-month low of $51.93 and a 12-month high of $66.53.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 11th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.44 annualized dividend and a dividend yield of 2.26%. DCT Industrial Trust’s dividend payout ratio is presently 58.78%.

In other news, CFO Matthew T. Murphy sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $57.35, for a total transaction of $1,032,300.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 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. 1.50% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in DCT. Schwab Charles Investment Management Inc. increased its stake in DCT Industrial Trust by 10.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,467,129 shares of the real estate investment trust’s stock valued at $86,265,000 after acquiring an additional 140,583 shares during the last quarter. State of Alaska Department of Revenue increased its stake in DCT Industrial Trust by 9.0% in the fourth quarter. State of Alaska Department of Revenue now owns 68,867 shares of the real estate investment trust’s stock valued at $4,047,000 after acquiring an additional 5,680 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in DCT Industrial Trust in the fourth quarter valued at approximately $480,000. Strs Ohio increased its stake in DCT Industrial Trust by 4.8% in the fourth quarter. Strs Ohio now owns 121,484 shares of the real estate investment trust’s stock valued at $7,140,000 after acquiring an additional 5,518 shares during the last quarter. Finally, Green Street Investors LLC increased its stake in DCT Industrial Trust by 11.6% in the fourth quarter. Green Street Investors LLC now owns 110,600 shares of the real estate investment trust’s stock valued at $6,501,000 after acquiring an additional 11,500 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

DCT Industrial Trust Company Profile

DCT Industrial is a leading real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States. DCT's actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics.

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

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