Somewhat Positive Media Coverage Somewhat Unlikely to Impact DCT Industrial Trust (DCT) Stock Price
News headlines about DCT Industrial Trust (NYSE:DCT) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DCT Industrial Trust earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.7517725759682 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s scoring:
- Janney Montgomery Scott Begins Coverage on DCT Industrial Trust Inc (DCT) (americanbankingnews.com)
- Florida CRE proves resilient in face of Hurricane Irma due to long-term preparation (hospitalitynet.org)
- E-Commerce Mania Spreads To Warehouse Market (foxbusiness.com)
- DCT® Featured in The Wall Street Journal: E-Commerce Mania Spreads to Warehouse Market (4-traders.com)
- DCT Industrial Trust Inc (DCT) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
Several brokerages recently commented on DCT. BidaskClub upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Stifel Nicolaus upped their price target on DCT Industrial Trust from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, June 7th. Finally, Jefferies Group LLC started coverage on shares of DCT Industrial Trust in a research report on Friday, June 23rd. They issued a “hold” rating and a $53.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. DCT Industrial Trust presently has a consensus rating of “Hold” and an average target price of $54.40.
DCT Industrial Trust (NYSE:DCT) opened at 58.30 on Tuesday. DCT Industrial Trust has a one year low of $42.96 and a one year high of $60.02. The company has a 50-day moving average price of $58.24 and a 200-day moving average price of $53.93. The stock has a market cap of $5.43 billion, a P/E ratio of 58.42 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last released its 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 firm had revenue of $104.50 million during the quarter, compared to analyst estimates of $106.54 million. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. On average, analysts anticipate that DCT Industrial Trust will post $0.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, October 6th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio is currently 125.25%.
In other news, Director John C. Okeeffe sold 1,750 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
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.
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