DCT Industrial Trust (NYSE:DCT) is set to post its quarterly earnings results after the market closes on Thursday, February 1st. Analysts expect DCT Industrial Trust to post earnings of $0.62 per share for the quarter. DCT Industrial Trust has set its FY17 guidance at $2.44-2.46 EPS.
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 return on equity of 5.16% and a net margin of 24.39%. The company had revenue of $105.18 million during the quarter, compared to analyst estimates of $105.96 million. During the same period last year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts expect DCT Industrial Trust to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of DCT Industrial Trust (NYSE DCT) opened at $58.19 on Tuesday. DCT Industrial Trust has a 12 month low of $43.95 and a 12 month high of $61.53. The firm has a market capitalization of $5,477.14, a price-to-earnings ratio of 52.90, a PEG ratio of 5.31 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.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.47%. DCT Industrial Trust’s dividend payout ratio (DPR) is 130.91%.
A number of analysts have recently weighed in on the company. BMO Capital Markets restated a “hold” rating and issued a $60.00 target price on shares of DCT Industrial Trust in a research note on Tuesday, January 9th. SunTrust Banks restated a “hold” rating and issued a $56.00 target price on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. Jefferies Group restated a “hold” rating and issued a $57.00 target price on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. KeyCorp restated a “buy” rating on shares of DCT Industrial Trust in a research note on Friday, October 20th. Finally, ValuEngine lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. DCT Industrial Trust currently has a consensus rating of “Hold” and an average price target of $58.40.
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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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