DCT Industrial Trust (NYSE:DCT) Given “Hold” Rating at Mizuho

Mizuho reiterated their hold rating on shares of DCT Industrial Trust (NYSE:DCT) in a research report sent to investors on Sunday, February 4th. The brokerage currently has a $59.00 price objective on the real estate investment trust’s stock.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research cut DCT Industrial Trust from a buy rating to a hold rating in a research note on Tuesday, October 24th. ValuEngine raised DCT Industrial Trust from a hold rating to a buy rating in a research note on Friday, November 10th. SunTrust Banks reaffirmed a hold rating on shares of DCT Industrial Trust in a research note on Friday, December 1st. Jefferies Group reissued a hold rating and issued a $59.00 target price on shares of DCT Industrial Trust in a research note on Friday, November 24th. Finally, Citigroup raised their target price on 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 research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $59.20.

DCT Industrial Trust (NYSE:DCT) opened at $55.18 on Friday. The company has a market capitalization of $5,152.96, a price-to-earnings ratio of 49.71, a P/E/G ratio of 5.64 and a beta of 0.87. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 1.07. 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 earnings results on Thursday, February 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $108.90 million during the quarter, compared to the consensus estimate of $106.66 million. During the same period in the prior year, the company earned $0.59 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. equities analysts forecast that DCT Industrial Trust will post 2.58 EPS for the current 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 issued 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 (DPR) is presently 129.73%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its holdings in DCT Industrial Trust by 8.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 246 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of DCT Industrial Trust by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 43,608 shares of the real estate investment trust’s stock valued at $2,330,000 after purchasing an additional 418 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of DCT Industrial Trust by 1.4% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 44,984 shares of the real estate investment trust’s stock valued at $2,403,000 after purchasing an additional 608 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of DCT Industrial Trust by 8.4% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,311 shares of the real estate investment trust’s stock valued at $664,000 after purchasing an additional 876 shares during the last quarter. Finally, Shelton Capital Management lifted its holdings in shares of 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 valued at $414,000 after purchasing an additional 940 shares during the last quarter. Institutional investors and hedge funds own 93.94% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “DCT Industrial Trust (NYSE:DCT) Given “Hold” Rating at Mizuho” was originally reported by Week Herald and is the property of of Week Herald. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://weekherald.com/2018/02/15/dct-industrial-trust-dct-stock-rating-reaffirmed-by-mizuho.html.

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)

Receive News & Ratings for DCT Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCT Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply