DCT Industrial Trust Inc (DCT) Rating Reiterated by Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of DCT Industrial Trust Inc (NYSE:DCT) in a research report report published on Wednesday morning. The firm currently has a $60.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $58.00.

Several other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of DCT Industrial Trust from a strong-buy rating to a buy rating in a research note on Wednesday, June 21st. Zacks Investment Research downgraded shares of DCT Industrial Trust from a buy rating to a hold rating in a research note on Tuesday, June 6th. Finally, Citigroup Inc. restated a neutral rating and issued a $52.00 price objective (up previously from $49.00) on shares of DCT Industrial Trust in a research note on Monday, May 15th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $52.71.

DCT Industrial Trust (NYSE DCT) opened at 55.44 on Wednesday. The stock has a 50 day moving average of $54.84 and a 200 day moving average of $50.92. The stock has a market capitalization of $5.16 billion, a P/E ratio of 55.55 and a beta of 0.95. DCT Industrial Trust has a 52 week low of $42.96 and a 52 week high of $57.28.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The company had revenue of $104.50 million for the quarter, compared to analyst estimates of $106.54 million. During the same quarter last year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that DCT Industrial Trust will post $0.64 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, October 5th. This represents a $1.24 dividend on an annualized basis and a yield of 2.24%. DCT Industrial Trust’s dividend payout ratio is currently 125.25%.

In other news, CFO Matthew T. Murphy sold 7,481 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $52.90, for a total value of $395,744.90. Following the sale, the chief financial officer now owns 37 shares in the company, valued at approximately $1,957.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Skomal sold 1,320 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $53.66, for a total transaction of $70,831.20. Following the completion of the sale, the insider now owns 1,167 shares in the company, valued at approximately $62,621.22. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in shares of DCT Industrial Trust by 16.7% in the fourth quarter. AQR Capital Management LLC now owns 21,053 shares of the real estate investment trust’s stock valued at $1,008,000 after buying an additional 3,010 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of DCT Industrial Trust by 37.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 223,425 shares of the real estate investment trust’s stock valued at $10,698,000 after buying an additional 60,717 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of DCT Industrial Trust by 13.4% in the fourth quarter. Teachers Advisors LLC now owns 129,003 shares of the real estate investment trust’s stock valued at $6,177,000 after buying an additional 15,242 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of DCT Industrial Trust by 30.7% in the first quarter. Capstone Asset Management Co. now owns 11,303 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 2,653 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of DCT Industrial Trust by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the real estate investment trust’s stock valued at $1,116,000 after buying an additional 700 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

About DCT Industrial Trust

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.

Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

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