UBS AG lowered shares of DCT Industrial Trust Inc (NYSE:DCT) from a neutral rating to a sell rating in a research report report published on Friday, www.flashratings.com reports. UBS AG currently has $55.00 target price on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on the stock. BidaskClub downgraded shares of DCT Industrial Trust from a buy rating to a hold rating in a research note on Friday, June 30th. Zacks Investment Research downgraded shares of DCT Industrial Trust from a buy rating to a hold rating in a research note on Thursday, June 15th. Citigroup Inc. reaffirmed a neutral rating and set a $52.00 price target (up previously from $49.00) on shares of DCT Industrial Trust in a research note on Monday, May 15th. Stifel Nicolaus increased their price target on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the stock a buy rating in a research note on Wednesday, June 14th. Finally, Jefferies Group LLC started coverage on shares of DCT Industrial Trust in a research note on Friday, June 23rd. They set a hold rating and a $53.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $53.89.

Shares of DCT Industrial Trust (DCT) opened at 59.82 on Friday. The company has a 50-day moving average of $57.01 and a 200 day moving average of $52.61. The firm has a market cap of $5.57 billion, a P/E ratio of 59.94 and a beta of 0.95. DCT Industrial Trust has a 12-month low of $42.96 and a 12-month high of $59.94.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. The company had revenue of $104.50 million for the quarter, compared to the consensus estimate of $106.54 million. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. DCT Industrial Trust’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. Equities research analysts anticipate that DCT Industrial Trust will post $0.88 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, October 6th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, October 5th. DCT Industrial Trust’s payout ratio is currently 125.25%.

In other news, Director John C. Okeeffe sold 1,750 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $57.95, for a total value of $101,412.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its position in shares of DCT Industrial Trust by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,010 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 25 shares in the last quarter. Utah Retirement Systems increased its position in shares of DCT Industrial Trust by 0.5% in the first quarter. Utah Retirement Systems now owns 19,507 shares of the real estate investment trust’s stock worth $939,000 after acquiring an additional 100 shares in the last quarter. World Asset Management Inc increased its position in shares of DCT Industrial Trust by 2.5% in the second quarter. World Asset Management Inc now owns 5,822 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 144 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of DCT Industrial Trust by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,837 shares of the real estate investment trust’s stock worth $762,000 after acquiring an additional 149 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of DCT Industrial Trust by 8.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 246 shares in the last quarter. 95.42% of the stock is owned by institutional investors.

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.

Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

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