Q3 2016 EPS Estimates for DCT Industrial Trust Inc. Lifted by Capital One Financial Corp. (DCT)
DCT Industrial Trust Inc. (NYSE:DCT) – Stock analysts at Capital One Financial Corp. boosted their Q3 2016 EPS estimates for shares of DCT Industrial Trust in a note issued to investors on Monday. Capital One Financial Corp. analyst T. Lesnick now expects that the firm will earn $0.55 per share for the quarter, up from their prior forecast of $0.54. Capital One Financial Corp. currently has a “Underweight” rating on the stock.
DCT has been the topic of several other research reports. Zacks Investment Research raised DCT Industrial Trust from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Mizuho began coverage on DCT Industrial Trust in a research report on Wednesday. They set a “neutral” rating and a $51.00 price target on the stock. Citigroup Inc. lifted their price target on DCT Industrial Trust from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Finally, BTIG Research assumed coverage on DCT Industrial Trust in a report on Thursday, August 25th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.13.
DCT Industrial Trust (NYSE:DCT) opened at 49.48 on Wednesday. The company has a 50-day moving average price of $48.53 and a 200 day moving average price of $44.92. The firm has a market capitalization of $4.46 billion, a P/E ratio of 42.62 and a beta of 0.95. DCT Industrial Trust has a 1-year low of $32.88 and a 1-year high of $50.57.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.54 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. DCT Industrial Trust had a return on equity of 5.57% and a net margin of 28.44%. The firm earned $95.90 million during the quarter, compared to the consensus estimate of $94.94 million. During the same period in the prior year, the company earned $0.47 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Friday, October 7th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.34%. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 99.15%.
Several hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. acquired a new stake in DCT Industrial Trust during the second quarter worth $110,000. Public Employees Retirement Association of Colorado acquired a new stake in DCT Industrial Trust during the second quarter worth $139,000. Daiwa Securities Group Inc. increased its stake in DCT Industrial Trust by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,300 shares of the company’s stock worth $159,000 after buying an additional 200 shares during the period. BlackRock Japan Co. Ltd increased its stake in DCT Industrial Trust by 1.7% in the first quarter. BlackRock Japan Co. Ltd now owns 4,674 shares of the company’s stock worth $184,000 after buying an additional 79 shares during the period. Finally, Rehmann Capital Advisory Group acquired a new stake in DCT Industrial Trust during the first quarter worth $207,000. Hedge funds and other institutional investors own 98.47% of the company’s stock.
DCT Industrial Trust Company Profile
DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company is engaged in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in distribution markets in the United States. The Company operates in three segments: East, Central and West.
Receive News & Stock Ratings for DCT Industrial Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCT Industrial Trust Inc. and related stocks with our FREE daily email newsletter.