SunTrust Banks Reiterates “Hold” Rating for DCT Industrial Trust (DCT)

SunTrust Banks reaffirmed their hold rating on shares of DCT Industrial Trust (NYSE:DCT) in a research note published on Friday, December 1st.

DCT has been the subject of a number of other reports. Zacks Investment Research downgraded shares of DCT Industrial Trust from a buy rating to a hold rating in a research report on Monday, November 27th. Jefferies Group restated a hold rating and set a $59.00 target price on shares of DCT Industrial Trust in a research report on Friday, November 24th. ValuEngine downgraded shares of DCT Industrial Trust from a buy rating to a hold rating in a research report on Friday, December 1st. BMO Capital Markets reiterated a market perform rating and issued a $61.00 price objective on shares of DCT Industrial Trust in a research report on Monday, September 11th. Finally, Citigroup upped their price objective on shares of DCT Industrial Trust from $56.00 to $60.00 and gave the stock a neutral rating in a research report on Friday, November 10th. Two equities 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 stock. The stock presently has an average rating of Hold and an average target price of $58.50.

DCT Industrial Trust (NYSE DCT) opened at $59.44 on Friday. The stock has a market cap of $5,535.83, a P/E ratio of 24.66, a P/E/G ratio of 5.66 and a beta of 0.95. 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 has a 1-year low of $43.95 and a 1-year high of $61.53.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The business had revenue of $105.18 million during the quarter, compared to the consensus estimate of $105.96 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities analysts predict that DCT Industrial Trust will post 2.44 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd will be paid a $0.36 dividend. This is a boost from DCT Industrial Trust’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, December 21st. This represents a $1.44 annualized dividend and a dividend yield of 2.42%. DCT Industrial Trust’s dividend payout ratio is 112.73%.

Institutional investors have recently bought and sold shares of the company. Shelton Capital Management lifted its holdings in shares of DCT Industrial Trust by 15.1% in the 3rd 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 last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of DCT Industrial Trust by 1.4% in the 3rd 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 last quarter. Eii Capital Management Inc. acquired a new position in shares of DCT Industrial Trust in the 3rd quarter worth approximately $2,201,000. California Public Employees Retirement System lifted its holdings in shares of DCT Industrial Trust by 8.5% in the 3rd 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 last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of DCT Industrial Trust by 92.5% in the 3rd 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 last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

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