News coverage about DCT Industrial Trust (NYSE:DCT) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. DCT Industrial Trust earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.9279393167601 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- $106.73 Million in Sales Expected for DCT Industrial Trust Inc (DCT) This Quarter (americanbankingnews.com)
- Zacks: Brokerages Expect DCT Industrial Trust Inc (DCT) Will Post Earnings of $0.62 Per Share (americanbankingnews.com)
- DCT Industrial Trust Inc (DCT) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- DCT® Featured in TheStreet: DCT Industrial Trust: Cramer’s Top Takeaways (4-traders.com)
- DCT Industrial Trust Inc. (DCT) Nice-Looking Institutional Ownership of 99.13% – Wallstreet Investorplace (wallstreetinvestorplace.com)
DCT has been the topic of a number of recent research reports. KeyCorp reaffirmed a “buy” rating on shares of DCT Industrial Trust in a research report on Friday, October 20th. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Tuesday, October 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 target price (up previously from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday, August 9th. BidaskClub raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, ValuEngine raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. DCT Industrial Trust presently has a consensus rating of “Hold” and a consensus price target of $57.20.
DCT Industrial Trust (DCT) traded up $0.04 during trading on Monday, reaching $60.22. The company had a trading volume of 328,263 shares, compared to its average volume of 482,743. DCT Industrial Trust has a fifty-two week low of $43.95 and a fifty-two week high of $60.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.87 and a quick ratio of 1.07. The company has a market capitalization of $5,610.00, a PE ratio of 24.97, a P/E/G ratio of 5.83 and a beta of 0.94.
DCT Industrial Trust (NYSE:DCT) last posted 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. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The business had revenue of $105.18 million during the quarter, compared to analysts’ expectations of $105.96 million. During the same quarter last year, the company posted $0.60 earnings per share. DCT Industrial Trust’s quarterly revenue was up 4.9% on a year-over-year basis. sell-side analysts anticipate that DCT Industrial Trust will post 2.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, December 21st. This is a boost from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s payout ratio is currently 112.73%.
In other news, Director John C. Okeeffe sold 1,750 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $57.95, for a total transaction of $101,412.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.
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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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