Somewhat Favorable News Coverage Somewhat Unlikely to Impact DCT Industrial Trust (DCT) Stock Price
News articles about DCT Industrial Trust (NYSE:DCT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public 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 0.09 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.480452480326 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- DCT Industrial Trust Inc. to Host Earnings Call (finance.yahoo.com)
- Edited Transcript of DCT earnings conference call or presentation 3-Nov-17 3:00pm GMT (finance.yahoo.com)
- DCT Industrial Trust Inc (DCT) Plans Dividend Increase – $0.36 Per Share (americanbankingnews.com)
- DCT Industrial Trust Inc (DCT) Releases Earnings Results, Beats Estimates By $0.45 EPS (americanbankingnews.com)
- What Should We Expect From DCT Industrial Trust Inc’s (DCT) Earnings In Next 12 Months? (finance.yahoo.com)
DCT Industrial Trust (NYSE DCT) opened at $60.03 on Wednesday. The company has a market capitalization of $5,563.75, a price-to-earnings ratio of 24.79, a P/E/G ratio of 6.02 and a beta of 0.95. The company has a quick ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.84. DCT Industrial Trust has a twelve month low of $42.96 and a twelve month high of $60.21.
DCT Industrial Trust (NYSE:DCT) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $105.18 million for the quarter, compared to analyst estimates of $105.96 million. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. DCT Industrial Trust’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. equities analysts expect that DCT Industrial Trust will post 2.44 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be issued a dividend of $0.36 per share. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, December 21st. This represents a $1.44 annualized dividend and a dividend yield of 2.40%. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 112.73%.
DCT has been the topic of several analyst reports. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $56.00 price objective on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Tuesday, October 10th. BMO Capital Markets reiterated a “market perform” rating and issued a $61.00 price objective on shares of DCT Industrial Trust in a research note on Monday, September 11th. KeyCorp reiterated a “buy” rating on shares of DCT Industrial Trust in a research note on Friday, October 20th. Finally, UBS AG cut DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. DCT Industrial Trust presently has a consensus rating of “Hold” and an average target price of $56.30.
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In other DCT Industrial Trust news, Director John C. Okeeffe sold 1,750 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was 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 SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
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.
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