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%.