DCT Industrial Trust Inc. (NYSE:DCT) had its price target decreased by investment analysts at Mizuho from $51.00 to $48.00 in a report issued on Monday. The firm presently has a “neutral” rating on the stock. Mizuho’s price target points to a potential upside of 6.52% from the stock’s previous close.
A number of other equities analysts also recently issued reports on DCT. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Capital One Financial Corp. downgraded shares of DCT Industrial Trust from an “equal weight” rating to an “underweight” rating in a report on Monday, August 8th. Finally, BTIG Research initiated coverage on shares of DCT Industrial Trust in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $44.75.
DCT Industrial Trust (NYSE:DCT) opened at 45.06 on Monday. 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 P/E ratio of 36.40 and a beta of 0.96. The firm’s 50-day moving average is $45.58 and its 200-day moving average is $46.62.
DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. The business earned $100.27 million during the quarter, compared to the consensus estimate of $63.71 million. DCT Industrial Trust had a net margin of 29.42% and a return on equity of 5.88%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 EPS. On average, equities research analysts predict that DCT Industrial Trust will post $2.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Friday, December 23rd will be paid a dividend of $0.31 per share. This is a boost from DCT Industrial Trust’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, December 21st. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 92.80%.
Several large investors have recently added to or reduced their stakes in DCT. Advisors Asset Management Inc. purchased a new stake in DCT Industrial Trust during the second quarter valued at about $110,000. Public Employees Retirement Association of Colorado purchased a new stake in DCT Industrial Trust during the second quarter valued at about $139,000. Daiwa Securities Group Inc. boosted its stake 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 in the last quarter. World Asset Management Inc purchased a new stake in DCT Industrial Trust during the second quarter valued at about $207,000. Finally, GWM Advisors LLC purchased a new stake in DCT Industrial Trust during the second quarter valued at about $212,000. 98.84% of the stock is currently owned by institutional investors.
DCT Industrial Trust Company Profile