News coverage about DCT Industrial Trust (NYSE:DCT) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. 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 news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.8587938181871 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of brokerages have issued reports on DCT. Zacks Investment Research lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 27th. Jefferies Group reissued a “hold” rating and issued a $59.00 target price on shares of DCT Industrial Trust in a research report on Friday, November 24th. SunTrust Banks reissued a “hold” rating on shares of DCT Industrial Trust in a research report on Friday, December 1st. ValuEngine downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Citigroup boosted their price target on shares of DCT Industrial Trust from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. DCT Industrial Trust has an average rating of “Hold” and an average price target of $59.20.
Shares of DCT Industrial Trust (DCT) traded up $0.63 during mid-day trading on Thursday, hitting $55.07. 441,822 shares of the company were exchanged, compared to its average volume of 647,767. The company has a current ratio of 0.70, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $5,153.90, a P/E ratio of 49.61, a P/E/G ratio of 5.63 and a beta of 0.87. DCT Industrial Trust has a 12-month low of $45.47 and a 12-month high of $61.53.
DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.38). DCT Industrial Trust had a net margin of 24.34% and a return on equity of 5.27%. The company had revenue of $108.90 million during the quarter, compared to analyst estimates of $106.66 million. During the same quarter in the prior year, the company earned $0.59 EPS. The business’s revenue was up 6.6% on a year-over-year basis. equities analysts expect that DCT Industrial Trust will post 2.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, March 30th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.44 annualized dividend and a yield of 2.61%. DCT Industrial Trust’s dividend payout ratio is presently 129.73%.
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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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