Capital One Financial Corp. Weighs in on DCT Industrial Trust Inc.’s Q1 2017 Earnings (DCT)
DCT Industrial Trust Inc. (NYSE:DCT) – Investment analysts at Capital One Financial Corp. boosted their Q1 2017 earnings estimates for DCT Industrial Trust in a research note issued on Sunday. Capital One Financial Corp. analyst T. Lesnick now anticipates that the brokerage will post earnings per share of $0.57 for the quarter, up from their prior estimate of $0.56. Capital One Financial Corp. has a “Equal Weight” rating on the stock. Capital One Financial Corp. also issued estimates for DCT Industrial Trust’s Q3 2017 earnings at $0.59 EPS, Q4 2017 earnings at $0.61 EPS, FY2017 earnings at $2.34 EPS and FY2018 earnings at $2.45 EPS.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.54 EPS for the quarter, meeting the 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 analysts’ expectations of $94.94 million. During the same period in the previous year, the company posted $0.47 EPS. DCT Industrial Trust’s revenue was up 8.4% on a year-over-year basis.
Several other brokerages have also weighed in on DCT. BTIG Research initiated coverage on shares of DCT Industrial Trust in a report on Thursday, August 25th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, September 29th. Citigroup Inc. increased their price objective on shares of DCT Industrial Trust from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Finally, Mizuho initiated coverage on shares of DCT Industrial Trust in a report on Wednesday, September 28th. They issued a “neutral” rating and a $51.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.13.
DCT Industrial Trust (NYSE:DCT) traded up 1.33% during trading on Tuesday, hitting $47.23. 183,326 shares of the stock traded hands. DCT Industrial Trust has a one year low of $32.88 and a one year high of $50.57. The company’s 50 day moving average is $47.74 and its 200 day moving average is $45.63. The company has a market capitalization of $4.26 billion, a P/E ratio of 40.68 and a beta of 1.00.
Large investors have recently modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in shares of DCT Industrial Trust during the second quarter valued at about $110,000. Public Employees Retirement Association of Colorado bought a new stake in shares of DCT Industrial Trust during the second quarter valued at about $139,000. Daiwa Securities Group Inc. increased its stake 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 in the last quarter. BlackRock Japan Co. Ltd increased its stake 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 in the last quarter. Finally, World Asset Management Inc bought a new stake in shares of DCT Industrial Trust during the second quarter valued at about $207,000. 98.44% of the stock is owned by institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Friday, October 7th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, October 5th. DCT Industrial Trust’s dividend payout ratio is 99.15%.
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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