DCT Industrial Trust Inc. (NYSE:DCT) – Capital One Financial Corp. boosted their Q3 2016 earnings per share estimates for DCT Industrial Trust in a report issued on Monday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will post earnings of $0.55 per share for the quarter, up from their prior forecast of $0.54. Capital One Financial Corp. currently has a “Underweight” rating on the stock.
DCT Industrial Trust (NYSE:DCT) last released its earnings results on Thursday, August 4th. The company reported $0.54 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.54. The firm had revenue of $95.90 million for the quarter, compared to analysts’ expectations of $94.94 million. DCT Industrial Trust had a net margin of 28.44% and a return on equity of 5.57%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share.
Several other research analysts have also issued reports on DCT. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Mizuho began coverage on shares of DCT Industrial Trust in a research note on Wednesday. They issued a “neutral” rating and a $51.00 price target for the company. Citigroup Inc. increased their price target on shares of DCT Industrial Trust from $40.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Finally, BTIG Research began coverage on shares of DCT Industrial Trust in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. DCT Industrial Trust presently has an average rating of “Hold” and a consensus price target of $44.13.
DCT Industrial Trust (NYSE:DCT) opened at 49.48 on Wednesday. DCT Industrial Trust has a 1-year low of $32.88 and a 1-year high of $50.57. The stock has a market capitalization of $4.46 billion, a PE ratio of 42.62 and a beta of 0.95. The firm has a 50-day moving average of $48.53 and a 200-day moving average of $44.92.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Friday, October 7th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.16 dividend on an annualized basis and a yield of 2.34%. DCT Industrial Trust’s dividend payout ratio is currently 99.15%.
Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new stake in DCT Industrial Trust during the second quarter worth $110,000. Public Employees Retirement Association of Colorado purchased a new stake in DCT Industrial Trust during the second quarter worth $139,000. Daiwa Securities Group Inc. raised its stake in DCT Industrial Trust by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,300 shares of the company’s stock worth $159,000 after buying an additional 200 shares in the last quarter. World Asset Management Inc purchased a new stake in DCT Industrial Trust during the second quarter worth $207,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in DCT Industrial Trust by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,405 shares of the company’s stock worth $212,000 after buying an additional 482 shares in the last quarter. Institutional investors and hedge funds own 98.47% of the company’s stock.
DCT Industrial Trust Company Profile
DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company is engaged in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in distribution markets in the United States. The Company operates in three segments: East, Central and West.
Receive News & Ratings for DCT Industrial Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCT Industrial Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.