Trading Report: Today, DCT Industrial Trust Inc. (DCT) Receives Consensus Recommendation of “Hold” from Analysts

Today, DCT Industrial Trust Inc. (DCT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of DCT Industrial Trust Inc. (NYSE:DCT) have been given an average rating of “Hold” by the eleven analysts that are presently covering the firm. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $44.75.

DCT has been the subject of several recent analyst reports. Capital One Financial Corp. lowered shares of DCT Industrial Trust from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 8th. Zacks Investment Research upgraded DCT Industrial Trust from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. BTIG Research initiated coverage on DCT Industrial Trust in a research report on Thursday, August 25th. They set a “neutral” rating for the company. Mizuho initiated coverage on DCT Industrial Trust in a research report on Wednesday, September 28th. They set a “neutral” rating and a $51.00 target price for the company. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of DCT Industrial Trust in a research report on Friday, November 11th.

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new stake in DCT Industrial Trust during the second quarter valued at $110,000. Public Employees Retirement Association of Colorado bought a new position in DCT Industrial Trust during the second quarter valued at about $139,000. Daiwa Securities Group Inc. raised its position in DCT Industrial Trust by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,300 shares of the company’s stock valued at $159,000 after buying an additional 200 shares during the period. World Asset Management Inc bought a new position in DCT Industrial Trust during the second quarter valued at about $207,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in DCT Industrial Trust by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,405 shares of the company’s stock valued at $212,000 after buying an additional 482 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Shares of DCT Industrial Trust (NYSE:DCT) traded up 0.31% during mid-day trading on Friday, reaching $45.06. 262,567 shares of the company traded hands. The firm has a 50 day moving average of $45.60 and a 200-day moving average of $46.60. DCT Industrial Trust has a 52 week low of $32.88 and a 52 week high of $50.57. The stock has a market capitalization of $4.10 billion, a PE ratio of 36.40 and a beta of 0.96.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. The company earned $100.27 million during the quarter, compared to analyst estimates of $63.71 million. DCT Industrial Trust had a net margin of 29.42% and a return on equity of 5.88%. DCT Industrial Trust’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. On average, equities research analysts expect that DCT Industrial Trust will post $2.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Friday, December 23rd will be issued a $0.31 dividend. This is an increase from DCT Industrial Trust’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, December 21st. DCT Industrial Trust’s payout ratio is presently 92.80%.

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