DCT Industrial Trust (DCT) Rating Increased to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of DCT Industrial Trust (NYSE:DCT) from a hold rating to a buy rating in a research report sent to investors on Tuesday. The firm currently has $74.00 price target on the real estate investment trust’s stock.

According to Zacks, “DCT Industrial is a leading real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States. DCT’s actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics. DCT maintains a Baa2 rating from Moody’s Investors Service and a BBB from Standard & Poor’s Rating Services. “

DCT has been the subject of several other research reports. ValuEngine lowered DCT Industrial Trust from a buy rating to a hold rating in a report on Wednesday, March 7th. Wells Fargo & Co lowered DCT Industrial Trust from an outperform rating to a market perform rating and set a $67.00 price objective for the company. in a report on Monday, May 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. DCT Industrial Trust presently has an average rating of Hold and a consensus target price of $60.55.

DCT Industrial Trust opened at $67.22 on Tuesday, MarketBeat reports. DCT Industrial Trust has a twelve month low of $52.06 and a twelve month high of $67.47. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.84. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 6.50 and a beta of 0.85.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 11th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.44 annualized dividend and a dividend yield of 2.14%. DCT Industrial Trust’s dividend payout ratio is presently 58.78%.

Institutional investors and hedge funds have recently modified their holdings of the company. Flinton Capital Management LLC increased its position in shares of DCT Industrial Trust by 6.1% in the 1st quarter. Flinton Capital Management LLC now owns 14,756 shares of the real estate investment trust’s stock valued at $831,000 after acquiring an additional 850 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of DCT Industrial Trust by 3.4% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 29,110 shares of the real estate investment trust’s stock valued at $1,640,000 after acquiring an additional 960 shares during the period. GWM Advisors LLC increased its position in shares of DCT Industrial Trust by 4.0% in the 1st quarter. GWM Advisors LLC now owns 25,807 shares of the real estate investment trust’s stock valued at $1,424,000 after acquiring an additional 1,003 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of DCT Industrial Trust by 7.7% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,570 shares of the real estate investment trust’s stock valued at $821,000 after acquiring an additional 1,044 shares during the period. Finally, Meadow Creek Investment Management LLC increased its position in shares of DCT Industrial Trust by 19.6% in the 4th quarter. Meadow Creek Investment Management LLC now owns 6,544 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 1,072 shares during the period. Hedge funds and other institutional investors own 95.88% of the company’s stock.

DCT Industrial Trust Company Profile

DCT Industrial is a leading logistics real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States. DCT's actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics.

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Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

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