DCT Industrial Trust (NYSE:DCT)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Group in a note issued to investors on Friday, November 24th. They currently have a $59.00 target price on the real estate investment trust’s stock. Jefferies Group’s price objective indicates a potential downside of 0.57% from the stock’s previous close. Jefferies Group also issued estimates for DCT Industrial Trust’s FY2017 earnings at $2.45 EPS and FY2018 earnings at $2.53 EPS.
A number of other analysts have also recently commented on the company. ValuEngine upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Citigroup upped their price target on DCT Industrial Trust from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Wednesday, November 8th. SunTrust Banks reaffirmed a “hold” rating and issued a $56.00 price objective on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. Finally, KeyCorp reaffirmed a “buy” rating on shares of DCT Industrial Trust in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $57.40.
Shares of DCT Industrial Trust (DCT) traded down $0.67 on Friday, reaching $59.34. The company’s stock had a trading volume of 604,562 shares, compared to its average volume of 481,292. 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 stock has a market capitalization of $5,588.90, a PE ratio of 24.90, a price-to-earnings-growth ratio of 5.81 and a beta of 0.95. DCT Industrial Trust has a fifty-two week low of $43.95 and a fifty-two week high of $61.53.
DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $105.18 million during the quarter, compared to analysts’ expectations of $105.96 million. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. equities research analysts forecast that DCT Industrial Trust will post 2.44 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCT. Meeder Asset Management Inc. boosted its stake in DCT Industrial Trust by 397.3% during 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 buying an additional 2,237 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in DCT Industrial Trust by 8.8% during 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 buying an additional 246 shares during the last quarter. Quantbot Technologies LP bought a new position in DCT Industrial Trust during the third quarter valued at approximately $176,000. Parametrica Management Ltd bought a new position in DCT Industrial Trust during the third quarter valued at approximately $214,000. Finally, Oakbrook Investments LLC bought a new position in DCT Industrial Trust during the second quarter valued at approximately $202,000. 95.16% of the stock is owned by hedge funds and other institutional investors.
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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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