SunTrust Banks reissued their hold rating on shares of DCT Industrial Trust (NYSE:DCT) in a research note released on Friday.

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.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The business had revenue of $105.18 million for the quarter, compared to analysts’ expectations of $105.96 million. During the same period in the prior year, the firm earned $0.60 earnings per share. DCT Industrial Trust’s revenue was up 4.9% compared to the same quarter last year. analysts anticipate that DCT Industrial Trust will post 2.44 EPS for the current fiscal year.

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.

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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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