DCT Industrial Trust Inc (NYSE:DCT) – Stock analysts at KeyCorp issued their FY2017 earnings estimates for shares of DCT Industrial Trust in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst C. Mailman expects that the real estate investment trust will post earnings per share of $2.44 for the year. KeyCorp has a “Buy” rating on the stock. KeyCorp also issued estimates for DCT Industrial Trust’s Q4 2017 earnings at $0.62 EPS.
DCT has been the subject of several other reports. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Wednesday, November 8th. ValuEngine cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. JPMorgan Chase & Co. cut shares of DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 price target for the company. in a report on Friday, December 15th. SunTrust Banks reiterated a “hold” rating on shares of DCT Industrial Trust in a research note on Friday, December 1st. Finally, Jefferies Group reiterated a “hold” rating and issued a $59.00 target price on shares of DCT Industrial Trust in a research note on Friday, November 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $58.40.
DCT Industrial Trust (NYSE:DCT) last announced 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 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 company had revenue of $105.18 million for the quarter, compared to analysts’ expectations of $105.96 million. During the same quarter in the previous year, the company posted $0.60 EPS. The business’s revenue was up 4.9% compared to the same quarter last year.
Several large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in DCT Industrial Trust by 10.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,467,129 shares of the real estate investment trust’s stock worth $86,265,000 after acquiring an additional 140,583 shares during the period. First Citizens Bank & Trust Co. bought a new position in DCT Industrial Trust during the fourth quarter worth $330,000. Shelton Capital Management increased its position in DCT Industrial Trust by 15.1% during the third 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 period. Public Employees Retirement System of Ohio increased its position in DCT Industrial Trust by 1.4% during the third 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 period. Finally, Eii Capital Management Inc. bought a new position in DCT Industrial Trust during the third quarter worth $2,201,000. 95.14% of the stock is currently owned by institutional investors.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd were given a $0.36 dividend. 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 dividend on an annualized basis and a dividend yield of 2.56%. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 130.91%.
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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