DCT Industrial Trust (DCT) Receives “Hold” Rating from SunTrust Banks
A number of other equities analysts have also recently issued reports on DCT. ValuEngine cut shares of DCT Industrial Trust from a buy rating to a hold rating in a research note on Friday. Stifel Nicolaus reaffirmed a buy rating and issued a $60.00 price objective (up from $58.00) on shares of DCT Industrial Trust in a research note on Wednesday, August 9th. Janney Montgomery Scott assumed coverage on shares of DCT Industrial Trust in a research note on Friday, September 29th. They issued a neutral rating and a $59.00 price objective on the stock. Jefferies Group reaffirmed a hold rating and issued a $59.00 price objective on shares of DCT Industrial Trust in a research note on Friday, November 24th. Finally, Zacks Investment Research lowered shares of DCT Industrial Trust from a buy rating to a hold rating in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $57.40.
Shares of DCT Industrial Trust (NYSE DCT) opened at $59.34 on Friday. DCT Industrial Trust has a 52 week low of $43.95 and a 52 week high of $61.53. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 0.87. The company has a market cap of $5,588.90, a P/E ratio of 24.90, a PEG ratio of 5.81 and a beta of 0.95.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 22nd will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.43%. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, December 21st. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 112.73%.
Several large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in 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 valued at $161,000 after purchasing an additional 246 shares in the last quarter. Meeder Asset Management Inc. grew its position in DCT Industrial Trust by 397.3% in the third quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 2,237 shares in the last quarter. Quantbot Technologies LP bought a new position in DCT Industrial Trust in the third quarter valued at $176,000. Parametrica Management Ltd bought a new position in DCT Industrial Trust in the third quarter valued at $214,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in DCT Industrial Trust in the third quarter valued at $234,000. Institutional investors and hedge funds own 95.16% 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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