Media stories about DCT Industrial Trust (NYSE:DCT) have been trending somewhat positive on Wednesday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DCT Industrial Trust earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.4324018235422 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Tuesday, October 10th. Janney Montgomery Scott assumed coverage on DCT Industrial Trust in a report on Friday, September 29th. They issued a “neutral” rating and a $59.00 price target for the company. BMO Capital Markets restated a “market perform” rating and issued a $61.00 price target on shares of DCT Industrial Trust in a report on Monday, September 11th. UBS AG cut DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price target for the company. in a report on Friday, September 8th. Finally, BidaskClub upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $55.10.
DCT Industrial Trust (NYSE DCT) opened at 58.92 on Wednesday. DCT Industrial Trust has a 1-year low of $42.96 and a 1-year high of $60.21. The stock has a market capitalization of $5.48 billion, a PE ratio of 59.04 and a beta of 0.95. The stock’s 50 day moving average price is $58.69 and its 200 day moving average price is $54.69.
DCT Industrial Trust (NYSE:DCT) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. The firm had revenue of $104.50 million for the quarter, compared to analyst estimates of $106.54 million. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Equities research analysts forecast that DCT Industrial Trust will post $0.88 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, October 6th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 125.25%.
In other news, Director John C. Okeeffe sold 1,750 shares of DCT Industrial Trust stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $57.95, for a total transaction of $101,412.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.
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About DCT Industrial Trust
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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