Headlines about DCT Industrial Trust (NYSE:DCT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. DCT Industrial Trust earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 47.3008599716066 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of DCT Industrial Trust (NYSE DCT) traded up $0.15 during mid-day trading on Friday, hitting $56.49. The company’s stock had a trading volume of 594,122 shares, compared to its average volume of 516,143. The stock has a market capitalization of $5,261.08, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 5.11 and a beta of 0.95. DCT Industrial Trust has a 12 month low of $43.95 and a 12 month high of $61.53. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 0.87.
DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings data 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 company had revenue of $105.18 million for the quarter, compared to analyst estimates of $105.96 million. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. research analysts forecast that DCT Industrial Trust will post 2.44 EPS for the current fiscal year.
The company also recently disclosed 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 is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, December 21st. This represents a $1.44 annualized dividend and a dividend yield of 2.55%. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 130.91%.
Several equities analysts recently commented on DCT shares. BMO Capital Markets reissued a “hold” rating and issued a $60.00 target price on shares of DCT Industrial Trust in a report on Tuesday, January 9th. JPMorgan Chase & Co. lowered DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 target price on the stock. in a report on Friday, December 15th. SunTrust Banks reissued a “hold” rating and issued a $56.00 target price on shares of DCT Industrial Trust in a report on Tuesday, October 24th. Citigroup increased their target price on DCT Industrial Trust from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Finally, Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Tuesday, October 10th. 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’s stock. DCT Industrial Trust currently has an average rating of “Hold” and an average price target of $58.40.
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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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