Somewhat Positive News Coverage Somewhat Unlikely to Impact DCT Industrial Trust (DCT) Stock Price

Media coverage about DCT Industrial Trust (NYSE:DCT) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DCT Industrial Trust earned a news impact score of 0.17 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.6472778977777 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

DCT has been the topic of several recent research reports. SunTrust Banks reaffirmed a “hold” rating on shares of DCT Industrial Trust in a report on Friday, December 1st. JPMorgan Chase & Co. lowered shares of DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 target price on the stock. in a report on Friday, December 15th. Jefferies Group reissued a “hold” rating and issued a $59.00 price target on shares of DCT Industrial Trust in a report on Friday, November 24th. BMO Capital Markets reissued a “hold” rating and issued a $60.00 price target on shares of DCT Industrial Trust in a report on Thursday, February 1st. Finally, Mizuho reissued a “hold” rating and issued a $59.00 price target on shares of DCT Industrial Trust in a report on Sunday, February 4th. Two equities 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. The company presently has an average rating of “Hold” and a consensus target price of $59.20.

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Shares of DCT Industrial Trust (NYSE:DCT) traded up $0.40 on Wednesday, hitting $57.84. 401,720 shares of the stock were exchanged, compared to its average volume of 607,142. The company has a market cap of $5,391.92, a price-to-earnings ratio of 51.75, a price-to-earnings-growth ratio of 5.90 and a beta of 0.91. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 0.70. DCT Industrial Trust has a 52-week low of $45.84 and a 52-week high of $61.53.

DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.38). The business had revenue of $108.90 million for the quarter, compared to analysts’ expectations of $106.66 million. DCT Industrial Trust had a net margin of 24.34% and a return on equity of 5.27%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share. sell-side analysts expect that DCT Industrial Trust will post 2.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Friday, March 30th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.44 annualized dividend and a yield of 2.49%. DCT Industrial Trust’s dividend payout ratio (DPR) is 129.73%.

In related news, insider John V. Pharris sold 3,362 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $55.93, for a total transaction of $188,036.66. Following the completion of the sale, the insider now directly owns 4,261 shares in the company, valued at $238,317.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% 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.

Insider Buying and Selling by Quarter for DCT Industrial Trust (NYSE:DCT)

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