According to Zacks, “DCT INDUSTRIAL is a leading industrial real estate company that owns, operates and develops high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico. “
Separately, Capital One Financial Corp. raised shares of DCT Industrial Trust from an equal weight rating to an overweight rating and set a $50.00 price target on the stock in a research report on Wednesday, February 8th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. DCT Industrial Trust currently has a consensus rating of Hold and an average target price of $47.57.
DCT Industrial Trust (NYSE:DCT) traded up 0.28% during trading on Thursday, hitting $50.83. 205,158 shares of the stock were exchanged. DCT Industrial Trust has a 12-month low of $39.52 and a 12-month high of $51.70. The stock’s 50-day moving average price is $48.20 and its 200-day moving average price is $46.92. The firm has a market cap of $4.67 billion, a PE ratio of 49.45 and a beta of 0.89.
DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, February 2nd. The real estate investment trust reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. DCT Industrial Trust had a net margin of 23.65% and a return on equity of 4.82%. The company had revenue of $102.23 million for the quarter, compared to analyst estimates of $101.68 million. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities analysts expect that DCT Industrial Trust will post $0.57 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 12th. Stockholders of record on Friday, March 31st were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $1.24 annualized dividend and a dividend yield of 2.45%. DCT Industrial Trust’s payout ratio is 120.39%.
Several large investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its stake in shares of DCT Industrial Trust by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,901 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 11 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of DCT Industrial Trust by 7.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,722 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 317 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of DCT Industrial Trust by 7.6% in the third quarter. LS Investment Advisors LLC now owns 5,765 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 407 shares during the last quarter. Cadence Capital Management LLC bought a new stake in shares of DCT Industrial Trust during the fourth quarter valued at about $287,000. Finally, BlackRock Japan Co. Ltd increased its stake in shares of DCT Industrial Trust by 42.8% in the third quarter. BlackRock Japan Co. Ltd now owns 6,658 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 1,997 shares during the last quarter. Institutional investors and hedge funds own 97.18% of the company’s stock.
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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