DCT Industrial Trust Inc. (DCT) Upgraded to Equal Weight by Capital One Financial Corp.
DCT Industrial Trust Inc. (NYSE:DCT) was upgraded by stock analysts at Capital One Financial Corp. from an “underweight” rating to an “equal weight” rating in a research note issued on Monday.
A number of other research firms have also recently commented on DCT. Mizuho assumed coverage on shares of DCT Industrial Trust in a research report on Wednesday, September 28th. They set a “neutral” rating and a $51.00 price objective for the company. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Thursday, September 29th. BTIG Research initiated coverage on DCT Industrial Trust in a report on Thursday, August 25th. They set a “neutral” rating for the company. Finally, Citigroup Inc. lifted their target price on DCT Industrial Trust from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. DCT Industrial Trust currently has an average rating of “Hold” and a consensus target price of $45.13.
Shares of DCT Industrial Trust (NYSE:DCT) traded up 1.48% during midday trading on Monday, reaching $47.24. 176,531 shares of the company’s stock were exchanged. The company’s 50 day moving average is $47.80 and its 200-day moving average is $45.49. The stock has a market cap of $4.26 billion, a PE ratio of 40.69 and a beta of 1.00. DCT Industrial Trust has a 12 month low of $32.88 and a 12 month high of $50.57.
DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.54 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.54. DCT Industrial Trust had a net margin of 28.44% and a return on equity of 5.57%. The firm earned $95.90 million during the quarter, compared to analysts’ expectations of $94.94 million. During the same period in the previous year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts forecast that DCT Industrial Trust will post $2.19 EPS for the current fiscal year.
The business 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. This represents a $1.16 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, October 5th. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 99.15%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new position in DCT Industrial Trust during the second quarter worth approximately $110,000. Public Employees Retirement Association of Colorado acquired a new position in shares of DCT Industrial Trust during the second quarter valued at 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 valued at $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 valued at $184,000 after buying an additional 79 shares during the last quarter. Finally, World Asset Management Inc acquired a new position in shares of DCT Industrial Trust during the second quarter valued at approximately $207,000. 98.44% of the stock is owned by institutional investors and hedge funds.
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.
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