DCT Industrial Trust Inc (NYSE:DCT) to Post FY2019 Earnings of $2.79 Per Share, KeyCorp Forecasts

DCT Industrial Trust Inc (NYSE:DCT) – Investment analysts at KeyCorp issued their FY2019 EPS estimates for DCT Industrial Trust in a research note issued on Tuesday, according to Zacks Investment Research. KeyCorp analyst C. Mailman expects that the real estate investment trust will post earnings of $2.79 per share for the year. KeyCorp currently has a “Buy” rating on the stock.

DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the 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 company had revenue of $105.18 million for the quarter, compared to analysts’ expectations of $105.96 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. DCT Industrial Trust’s revenue for the quarter was up 4.9% on a year-over-year basis.

A number of other brokerages have also recently commented on DCT. BMO Capital Markets reaffirmed a “hold” rating and set a $60.00 price target on shares of DCT Industrial Trust in a research report on Tuesday, January 9th. JPMorgan Chase & Co. cut shares of DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 price target on the stock. in a research report on Friday, December 15th. Citigroup upped their price target on shares of DCT Industrial Trust from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. SunTrust Banks reaffirmed a “hold” rating and set a $56.00 price target on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. Finally, Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. DCT Industrial Trust has an average rating of “Hold” and an average target price of $58.40.

Shares of DCT Industrial Trust (DCT) opened at $56.49 on Thursday. 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 one year low of $43.95 and a one year high of $61.53. The firm has a market cap of $5,261.08, a price-to-earnings ratio of 23.44, a P/E/G ratio of 5.11 and a beta of 0.95.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of DCT Industrial Trust by 0.7% during the second quarter. Vanguard Group Inc. now owns 14,465,962 shares of the real estate investment trust’s stock valued at $773,062,000 after purchasing an additional 96,295 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of DCT Industrial Trust by 37.4% during the second quarter. Bank of New York Mellon Corp now owns 1,574,329 shares of the real estate investment trust’s stock valued at $84,132,000 after purchasing an additional 428,218 shares during the period. Standard Life Investments LTD raised its holdings in shares of DCT Industrial Trust by 18.6% during the second quarter. Standard Life Investments LTD now owns 1,538,501 shares of the real estate investment trust’s stock valued at $82,209,000 after purchasing an additional 241,699 shares during the period. PGGM Investments raised its holdings in shares of DCT Industrial Trust by 2.0% during the third quarter. PGGM Investments now owns 1,408,000 shares of the real estate investment trust’s stock valued at $81,551,000 after purchasing an additional 28,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of DCT Industrial Trust by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,359,409 shares of the real estate investment trust’s stock valued at $78,737,000 after purchasing an additional 31,086 shares during the period. Hedge funds and other institutional investors own 95.13% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $1.44 annualized dividend and a dividend yield of 2.55%. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s dividend payout ratio is currently 130.91%.

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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.

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Earnings History and Estimates for DCT Industrial Trust (NYSE:DCT)

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