Q1 2017 EPS Estimates for DCT Industrial Trust Inc. (DCT) Boosted by Capital One Financial Corp.
DCT Industrial Trust Inc. (NYSE:DCT) – Stock analysts at Capital One Financial Corp. raised their Q1 2017 earnings estimates for shares of DCT Industrial Trust in a research report issued to clients and investors on Monday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will post earnings of $0.58 per share for the quarter, up from their prior estimate of $0.57. Capital One Financial Corp. has a “Equal Weight” rating on the stock. Capital One Financial Corp. also issued estimates for DCT Industrial Trust’s Q2 2017 earnings at $0.60 EPS, Q3 2017 earnings at $0.62 EPS and Q4 2017 earnings at $0.62 EPS.
A number of other equities research analysts have also commented on the company. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Thursday, September 29th. Mizuho started coverage on DCT Industrial Trust in a research report on Wednesday, September 28th. They issued a “neutral” rating and a $51.00 price target on the stock. BTIG Research started coverage on DCT Industrial Trust in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of DCT Industrial Trust in a research report on Friday. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. DCT Industrial Trust currently has a consensus rating of “Hold” and a consensus target price of $44.75.
DCT Industrial Trust (NYSE:DCT) opened at 43.47 on Thursday. The company has a market capitalization of $3.92 billion, a P/E ratio of 37.44 and a beta of 0.96. DCT Industrial Trust has a 12-month low of $32.88 and a 12-month high of $50.57. The company’s 50 day moving average price is $46.58 and its 200-day moving average price is $46.37.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.05. The business earned $100.27 million during the quarter, compared to the consensus estimate of $63.71 million. DCT Industrial Trust had a return on equity of 5.88% and a net margin of 29.42%. DCT Industrial Trust’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. increased its position in DCT Industrial Trust by 10.8% in the first quarter. Prudential Financial Inc. now owns 19,548 shares of the company’s stock worth $772,000 after buying an additional 1,900 shares during the period. State Street Corp increased its position in DCT Industrial Trust by 15.5% in the first quarter. State Street Corp now owns 3,114,692 shares of the company’s stock worth $122,937,000 after buying an additional 418,039 shares during the period. Geode Capital Management LLC increased its position in DCT Industrial Trust by 8.3% in the first quarter. Geode Capital Management LLC now owns 701,049 shares of the company’s stock worth $27,670,000 after buying an additional 53,879 shares during the period. Renaissance Technologies LLC purchased a new position in DCT Industrial Trust during the first quarter worth $18,349,000. Finally, Legal & General Group Plc increased its position in DCT Industrial Trust by 2.6% in the first quarter. Legal & General Group Plc now owns 195,769 shares of the company’s stock worth $7,727,000 after buying an additional 4,873 shares during the period. 98.98% of the stock is currently owned by institutional investors and hedge funds.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Friday, December 23rd will be paid a dividend of $0.31 per share. This is an increase from DCT Industrial Trust’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Wednesday, December 21st. DCT Industrial Trust’s dividend payout ratio is 92.80%.
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.
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