BidaskClub upgraded shares of DCT Industrial Trust Inc (NYSE:DCT) from a hold rating to a buy rating in a research note released on Thursday.

A number of other equities analysts have also recently issued reports on DCT. Stifel Nicolaus reiterated a buy rating and set a $60.00 price objective (up from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of DCT Industrial Trust from a buy rating to a hold rating in a research report on Monday, August 14th. Jefferies Group LLC assumed coverage on shares of DCT Industrial Trust in a research report on Friday, June 23rd. They set a hold rating and a $53.00 price objective for the company. Finally, Citigroup Inc. reiterated a neutral rating and set a $52.00 price objective (up from $49.00) on shares of DCT Industrial Trust in a research report on Monday, May 15th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $52.71.

Shares of DCT Industrial Trust (DCT) opened at 57.08 on Thursday. DCT Industrial Trust has a 1-year low of $42.96 and a 1-year high of $57.61. The company has a market capitalization of $5.31 billion, a PE ratio of 57.19 and a beta of 0.95. The stock’s 50 day moving average is $55.24 and its 200 day moving average is $51.29.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $106.54 million. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. On average, equities research analysts anticipate that DCT Industrial Trust will post $0.84 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, October 5th. DCT Industrial Trust’s payout ratio is 125.25%.

In other DCT Industrial Trust news, insider Mark Skomal sold 1,320 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $53.66, for a total transaction of $70,831.20. Following the sale, the insider now directly owns 1,167 shares of the company’s stock, valued at approximately $62,621.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew T. Murphy sold 7,481 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $52.90, for a total transaction of $395,744.90. Following the sale, the chief financial officer now directly owns 37 shares in the company, valued at $1,957.30. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

A number of large investors have recently bought and sold shares of DCT. Vanguard Group Inc. raised its stake in DCT Industrial Trust by 0.7% in the second quarter. Vanguard Group Inc. now owns 14,465,962 shares of the real estate investment trust’s stock worth $773,062,000 after buying an additional 96,295 shares during the last quarter. BlackRock Inc. raised its stake in DCT Industrial Trust by 2,315.3% in the first quarter. BlackRock Inc. now owns 10,598,157 shares of the real estate investment trust’s stock worth $509,986,000 after buying an additional 10,159,364 shares during the last quarter. Bank of New York Mellon Corp raised its stake in DCT Industrial Trust by 37.4% in the second quarter. Bank of New York Mellon Corp now owns 1,574,329 shares of the real estate investment trust’s stock worth $84,132,000 after buying an additional 428,218 shares during the last quarter. Standard Life Investments LTD raised its stake in DCT Industrial Trust by 18.6% in the second quarter. Standard Life Investments LTD now owns 1,538,501 shares of the real estate investment trust’s stock worth $82,209,000 after buying an additional 241,699 shares during the last quarter. Finally, Morgan Stanley raised its stake in DCT Industrial Trust by 180.5% in the first quarter. Morgan Stanley now owns 1,516,648 shares of the real estate investment trust’s stock worth $72,981,000 after buying an additional 975,957 shares during the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

About DCT Industrial Trust

DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company specializes in the ownership, acquisition, development, leasing and management of bulk-distribution and light-industrial properties located in various distribution markets in the United States. The Company operates through three segments: East, Central and West.

Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

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