DCT Industrial Trust Inc (NYSE:DCT) – Jefferies Group increased their FY2018 EPS estimates for shares of DCT Industrial Trust in a report issued on Tuesday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will earn $2.55 per share for the year, up from their previous forecast of $2.53. Jefferies Group currently has a “Hold” rating and a $59.00 target price on the stock. Jefferies Group also issued estimates for DCT Industrial Trust’s FY2019 earnings at $2.69 EPS.
DCT has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Janney Montgomery Scott started coverage on shares of DCT Industrial Trust in a research report on Friday, September 29th. They set a “neutral” rating and a $59.00 price target for the company. ValuEngine downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks reissued a “hold” rating on shares of DCT Industrial Trust in a research report on Friday, December 1st. Finally, KeyCorp reissued a “buy” rating on shares of DCT Industrial Trust in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. DCT Industrial Trust currently has a consensus rating of “Hold” and a consensus target price of $58.40.
Shares of DCT Industrial Trust (NYSE DCT) traded up $0.39 during midday trading on Thursday, hitting $57.14. 441,000 shares of the company’s stock were exchanged, compared to its average volume of 489,036. DCT Industrial Trust has a fifty-two week low of $43.95 and a fifty-two week high of $61.53. The company has a market capitalization of $5,285.29, a P/E ratio of 51.95, a price-to-earnings-growth ratio of 5.13 and a beta of 0.95. 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 (NYSE:DCT) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $105.96 million. During the same quarter last year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis.
Several institutional investors and hedge funds have recently made changes to their positions in DCT. Vanguard Group Inc. boosted its holdings in DCT Industrial Trust by 0.7% in the second quarter. Vanguard Group Inc. now owns 14,465,962 shares of the real estate investment trust’s stock worth $773,062,000 after purchasing an additional 96,295 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in DCT Industrial Trust by 10.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,467,129 shares of the real estate investment trust’s stock worth $86,265,000 after purchasing an additional 140,583 shares during the last quarter. PGGM Investments boosted its holdings in DCT Industrial Trust by 2.0% in the third quarter. PGGM Investments now owns 1,408,000 shares of the real estate investment trust’s stock worth $81,551,000 after purchasing an additional 28,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in DCT Industrial Trust by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,359,409 shares of the real estate investment trust’s stock worth $78,737,000 after purchasing an additional 31,086 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in DCT Industrial Trust by 207.4% in the third quarter. Principal Financial Group Inc. now owns 1,357,508 shares of the real estate investment trust’s stock worth $78,627,000 after purchasing an additional 915,856 shares during the last quarter. 95.14% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 22nd were given a dividend of $0.36 per share. The ex-dividend date was Thursday, December 21st. This represents a $1.44 annualized dividend and a dividend yield of 2.52%. This is an increase from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s dividend payout ratio (DPR) is 130.91%.
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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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