FY2016 EPS Estimates for DCT Industrial Trust Inc. Increased by Analyst (DCT)
DCT Industrial Trust Inc. (NYSE:DCT) – Stock analysts at Capital One Financial Corp. raised their FY2016 earnings per share (EPS) estimates for DCT Industrial Trust in a report released on Monday. Capital One Financial Corp. analyst T. Lesnick now expects that the brokerage will earn $2.19 per share for the year, up from their previous estimate of $2.17. Capital One Financial Corp. has a “Underweight” rating on the stock.
Several other brokerages have also recently issued reports on DCT. BTIG Research initiated coverage on shares of DCT Industrial Trust in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Thursday. Citigroup Inc. increased their price target on shares of DCT Industrial Trust from $40.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Finally, Mizuho started coverage on shares of DCT Industrial Trust in a research note on Wednesday. They set a “neutral” rating and a $51.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. DCT Industrial Trust currently has a consensus rating of “Hold” and an average target price of $45.13.
Shares of DCT Industrial Trust (NYSE:DCT) opened at 48.80 on Thursday. DCT Industrial Trust has a 12 month low of $32.88 and a 12 month high of $50.57. The stock has a 50 day moving average of $48.52 and a 200 day moving average of $44.94. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 42.03 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last announced its earnings results on Thursday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. DCT Industrial Trust had a net margin of 28.44% and a return on equity of 5.57%. The business had revenue of $95.90 million for the quarter, compared to analyst estimates of $94.94 million. During the same quarter last year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Friday, October 7th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.16 dividend on an annualized basis and a yield of 2.38%. DCT Industrial Trust’s payout ratio is currently 99.15%.
Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in shares of DCT Industrial Trust during the second quarter worth approximately $110,000. Public Employees Retirement Association of Colorado purchased a new position in shares of DCT Industrial Trust during the second quarter worth approximately $139,000. Daiwa Securities Group Inc. increased its position in shares of 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 last quarter. BlackRock Japan Co. Ltd increased its position in shares of 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 last quarter. Finally, Rehmann Capital Advisory Group purchased a new position in shares of DCT Industrial Trust during the first quarter worth approximately $207,000. Institutional investors own 98.47% of the company’s stock.
About DCT Industrial Trust
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.