DCT Industrial Trust Inc (NYSE:DCT) – Research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of DCT Industrial Trust in a note issued to investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst C. Mailman forecasts that the real estate investment trust will post earnings per share of $0.61 for the quarter. KeyCorp has a “Buy” rating on the stock. KeyCorp also issued estimates for DCT Industrial Trust’s FY2018 earnings at $2.60 EPS.
A number of other equities research analysts have also weighed in on the company. Zacks Investment Research lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Citigroup raised their price objective on DCT Industrial Trust from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Jefferies Group restated a “hold” rating and set a $59.00 price objective on shares of DCT Industrial Trust in a research note on Friday, November 24th. Finally, JPMorgan Chase & Co. lowered DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 price objective for the company. in a research note on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $58.40.
DCT Industrial Trust (NYSE:DCT) traded up $0.15 during mid-day trading on Friday, hitting $56.49. The stock had a trading volume of 594,122 shares, compared to its average volume of 535,360. DCT Industrial Trust has a fifty-two week low of $43.95 and a fifty-two week high of $61.53. The company has a current ratio of 0.87, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $5,260.00, a price-to-earnings ratio of 51.35, a P/E/G ratio of 5.09 and a beta of 0.94.
DCT Industrial Trust (NYSE:DCT) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The business had revenue of $105.18 million during the quarter, compared to analyst estimates of $105.96 million. During the same quarter last year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in DCT Industrial Trust by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 14,465,962 shares of the real estate investment trust’s stock worth $773,062,000 after buying an additional 96,295 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in DCT Industrial Trust by 37.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,574,329 shares of the real estate investment trust’s stock worth $84,132,000 after buying an additional 428,218 shares during the last quarter. Standard Life Investments LTD lifted its holdings in DCT Industrial Trust by 18.6% during the 2nd quarter. Standard Life Investments LTD now owns 1,538,501 shares of the real estate investment trust’s stock worth $82,209,000 after buying an additional 241,699 shares during the last quarter. PGGM Investments lifted its holdings in DCT Industrial Trust by 2.0% during the 3rd quarter. PGGM Investments now owns 1,408,000 shares of the real estate investment trust’s stock worth $81,551,000 after buying an additional 28,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in DCT Industrial Trust by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,359,409 shares of the real estate investment trust’s stock worth $78,737,000 after buying an additional 31,086 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Thursday, December 21st. This is an increase from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 130.91%.
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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.
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