DCT Industrial Trust Inc (DCT) Stock Rating Upgraded by ValuEngine

DCT Industrial Trust Inc (NYSE:DCT) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other research analysts have also recently weighed in on DCT. Stifel Nicolaus restated a “buy” rating and issued a $60.00 price objective (up previously from $58.00) on shares of DCT Industrial Trust in a report on Wednesday, August 9th. Zacks Investment Research cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. UBS AG cut shares of DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price objective for the company. in a report on Friday, September 8th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $61.00 price objective on shares of DCT Industrial Trust in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.20.

Shares of DCT Industrial Trust (DCT) opened at $59.75 on Friday. DCT Industrial Trust has a 12-month low of $42.96 and a 12-month high of $60.74. The firm has a market cap of $5,564.70, a PE ratio of 24.79, a price-to-earnings-growth ratio of 6.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 0.87.

DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $105.96 million. During the same period last year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. equities research analysts anticipate that DCT Industrial Trust will post 2.44 EPS for the current year.

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In related news, Director John C. Okeeffe sold 1,750 shares of DCT Industrial Trust stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $57.95, for a total value of $101,412.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. lifted its stake in 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 during the last quarter. World Asset Management Inc lifted its stake in 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 during the last quarter. PNC Financial Services Group Inc. lifted its stake 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 worth $161,000 after acquiring an additional 246 shares during the last quarter. Utah Retirement Systems lifted its position in shares of DCT Industrial Trust by 1.3% during the 2nd quarter. Utah Retirement Systems now owns 19,760 shares of the real estate investment trust’s stock worth $1,056,000 after buying an additional 253 shares during the last quarter. Finally, GAM Holding AG lifted its position in shares of DCT Industrial Trust by 5.3% during the 2nd quarter. GAM Holding AG now owns 7,968 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 400 shares during the last quarter. Institutional investors own 94.85% 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.

Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

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