DCT Industrial Trust Inc (NYSE:DCT) – Jefferies Group increased their FY2017 earnings estimates for shares of DCT Industrial Trust in a research report issued on Wednesday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will earn $2.44 per share for the year, up from their prior forecast of $2.37. Jefferies Group has a “Hold” rating and a $53.00 price target on the stock.

DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The firm had revenue of $104.50 million for the quarter, compared to analysts’ expectations of $106.54 million. During the same period last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis.

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Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Wednesday, May 24th. Stifel Nicolaus boosted their price objective on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. Finally, BidaskClub downgraded shares of DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $52.71.

DCT Industrial Trust (DCT) opened at 57.20 on Monday. The stock’s 50 day moving average is $55.79 and its 200-day moving average is $51.74. DCT Industrial Trust has a 12 month low of $42.96 and a 12 month high of $58.32. The company has a market capitalization of $5.32 billion, a PE ratio of 57.31 and a beta of 0.95.

Several hedge funds have recently made changes to their positions in DCT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of DCT Industrial Trust by 5.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,562 shares of the real estate investment trust’s stock worth $701,000 after buying an additional 778 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of DCT Industrial Trust by 83.8% in the first quarter. Canada Pension Plan Investment Board now owns 18,200 shares of the real estate investment trust’s stock worth $876,000 after buying an additional 8,300 shares during the last quarter. Adams Diversified Equity Fund Inc. boosted its position in shares of DCT Industrial Trust by 3.0% in the first quarter. Adams Diversified Equity Fund Inc. now owns 23,800 shares of the real estate investment trust’s stock worth $1,145,000 after buying an additional 700 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of DCT Industrial Trust by 6.2% in the first quarter. Wells Fargo & Company MN now owns 34,321 shares of the real estate investment trust’s stock worth $1,652,000 after buying an additional 2,010 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of DCT Industrial Trust by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,523 shares of the real estate investment trust’s stock worth $1,517,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 95.42% of the company’s stock.

In other news, Director John C. Okeeffe sold 1,750 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $57.95, for a total transaction of $101,412.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew T. Murphy sold 7,481 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $52.90, for a total transaction of $395,744.90. Following the sale, the chief financial officer now owns 37 shares in the company, valued at approximately $1,957.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,551 shares of company stock worth $567,989. Company insiders own 1.50% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders 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 dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 125.25%.

DCT Industrial Trust Company Profile

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.

Earnings History and Estimates for DCT Industrial Trust (NYSE:DCT)

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