Shares of DCT Industrial Trust Inc (NYSE:DCT) have received a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $58.63.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of DCT Industrial Trust from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Citigroup reduced their price target on shares of DCT Industrial Trust from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Mizuho reiterated a “hold” rating and issued a $59.00 price target on shares of DCT Industrial Trust in a report on Sunday, February 4th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $60.00 price target on shares of DCT Industrial Trust in a report on Thursday, February 1st.
Shares of DCT Industrial Trust stock traded down $0.02 on Friday, hitting $57.43. The company had a trading volume of 235,890 shares, compared to its average volume of 567,970. The stock has a market capitalization of $5,261.66, a PE ratio of 23.45, a price-to-earnings-growth ratio of 5.76 and a beta of 0.89. DCT Industrial Trust has a twelve month low of $49.62 and a twelve month high of $61.53. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.84.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 11th. Investors of record on Friday, March 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, March 28th. DCT Industrial Trust’s payout ratio is 58.78%.
In related news, CFO Matthew T. Murphy sold 18,000 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $57.35, for a total transaction of $1,032,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John V. Pharris sold 3,362 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $55.93, for a total transaction of $188,036.66. Following the transaction, the insider now owns 4,261 shares of the company’s stock, valued at approximately $238,317.73. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in DCT. Wells Fargo & Company MN lifted its stake in DCT Industrial Trust by 24.8% in the fourth quarter. Wells Fargo & Company MN now owns 167,650 shares of the real estate investment trust’s stock valued at $9,853,000 after acquiring an additional 33,346 shares during the last quarter. BlackRock Inc. lifted its stake in DCT Industrial Trust by 2.8% in the fourth quarter. BlackRock Inc. now owns 11,228,296 shares of the real estate investment trust’s stock valued at $660,001,000 after acquiring an additional 310,745 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in DCT Industrial Trust in the fourth quarter valued at $3,464,000. Schroder Investment Management Group acquired a new stake in DCT Industrial Trust in the third quarter valued at $694,000. Finally, California State Teachers Retirement System lifted its stake in DCT Industrial Trust by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 156,916 shares of the real estate investment trust’s stock valued at $9,224,000 after acquiring an additional 2,873 shares during the last quarter. Institutional investors and hedge funds own 96.25% of the company’s stock.
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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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