DCT Industrial Trust (NYSE:DCT)‘s stock had its “hold” rating reiterated by stock analysts at BMO Capital Markets in a report issued on Tuesday. They currently have a $60.00 target price on the real estate investment trust’s stock. BMO Capital Markets’ price target indicates a potential upside of 4.69% from the company’s current price.
DCT has been the subject of several other reports. Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Wednesday, November 8th. ValuEngine cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks reaffirmed a “hold” rating on shares of DCT Industrial Trust in a report on Friday, December 1st. Jefferies Group reaffirmed a “hold” rating and issued a $59.00 target price on shares of DCT Industrial Trust in a report on Friday, November 24th. Finally, Citigroup lifted their target price on shares of DCT Industrial Trust from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $58.40.
Shares of DCT Industrial Trust (DCT) traded up $0.13 during trading on Tuesday, reaching $57.31. 534,470 shares of the company’s stock traded hands, compared to its average volume of 468,283. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.87 and a quick ratio of 1.07. The stock has a market capitalization of $5,307.64, a PE ratio of 52.10, a PEG ratio of 5.15 and a beta of 0.95. DCT Industrial Trust has a twelve month low of $43.95 and a twelve month high of $61.53.
DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $105.18 million during the quarter, compared to analysts’ expectations of $105.96 million. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. research analysts forecast that DCT Industrial Trust will post 2.44 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Shelton Capital Management grew its stake in shares of DCT Industrial Trust by 15.1% in the third quarter. Shelton Capital Management now owns 7,152 shares of the real estate investment trust’s stock worth $414,000 after acquiring an additional 940 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of DCT Industrial Trust by 1.4% in the third quarter. Public Employees Retirement System of Ohio now owns 145,696 shares of the real estate investment trust’s stock worth $8,439,000 after acquiring an additional 1,944 shares during the period. Eii Capital Management Inc. bought a new stake in shares of DCT Industrial Trust in the third quarter worth approximately $2,201,000. California Public Employees Retirement System grew its stake in shares of DCT Industrial Trust by 8.5% in the third quarter. California Public Employees Retirement System now owns 225,687 shares of the real estate investment trust’s stock worth $13,072,000 after acquiring an additional 17,631 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of DCT Industrial Trust by 92.5% in the third quarter. Cubist Systematic Strategies LLC now owns 20,804 shares of the real estate investment trust’s stock worth $1,205,000 after acquiring an additional 9,994 shares during the period. Hedge funds and other institutional investors own 95.13% of the company’s stock.
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DCT Industrial Trust Company Profile
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.
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