The Brokerages Set DCT Industrial Trust Inc. (DCT) Target Price at $44.75

The Brokerages Set DCT Industrial Trust Inc. (DCT) Target Price at $44.75

Shares of DCT Industrial Trust Inc. (NYSE:DCT) have earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm. Seven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $44.75.

DCT has been the topic of a number of research reports. Capital One Financial Corp. upgraded DCT Industrial Trust from an “underweight” rating to an “equal weight” rating in a research note on Monday, October 17th. BTIG Research started coverage on DCT Industrial Trust in a research note on Thursday, August 25th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Thursday, September 29th. Mizuho reduced their price objective on DCT Industrial Trust from $51.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, November 7th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of DCT Industrial Trust in a research note on Friday, November 11th.

Shares of DCT Industrial Trust (NYSE:DCT) opened at 45.06 on Friday. DCT Industrial Trust has a 12 month low of $32.88 and a 12 month high of $50.57. The firm’s 50-day moving average price is $45.58 and its 200-day moving average price is $46.62. The firm has a market cap of $4.10 billion, a PE ratio of 36.40 and a beta of 0.96.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Friday, December 23rd will be issued a dividend of $0.31 per share. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, December 21st. This represents a $1.24 annualized dividend and a dividend yield of 2.75%. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 92.80%.

Several institutional investors have recently modified their holdings of the company. Shinko Asset Management Co. Ltd. raised its position in shares of DCT Industrial Trust by 28.2% in the second quarter. Shinko Asset Management Co. Ltd. now owns 1,804,584 shares of the company’s stock valued at $86,692,000 after buying an additional 397,031 shares during the last quarter. CIBC World Markets Inc. purchased a new position in shares of DCT Industrial Trust during the second quarter valued at about $2,124,000. LS Investment Advisors LLC purchased a new position in shares of DCT Industrial Trust during the second quarter valued at about $257,000. IBM Retirement Fund purchased a new position in shares of DCT Industrial Trust during the second quarter valued at about $437,000. Finally, GWM Advisors LLC purchased a new position in shares of DCT Industrial Trust during the second quarter valued at about $212,000. 98.84% of the stock is currently owned by institutional investors.

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