Equities research analysts predict that DCT Industrial Trust Inc (NYSE:DCT) will post $105.38 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for DCT Industrial Trust’s earnings, with the lowest sales estimate coming in at $104.00 million and the highest estimate coming in at $107.90 million. DCT Industrial Trust posted sales of $100.27 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, November 2nd.
On average, analysts expect that DCT Industrial Trust will report full year sales of $105.38 million for the current year, with estimates ranging from $417.80 million to $427.50 million. For the next financial year, analysts anticipate that the company will report sales of $440.57 million per share, with estimates ranging from $424.29 million to $464.20 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow DCT Industrial Trust.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. The company had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $106.54 million. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share.
DCT has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. BidaskClub lowered shares of DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Jefferies Group LLC initiated coverage on shares of DCT Industrial Trust in a research report on Friday, June 23rd. They set a “hold” rating and a $53.00 target price on the stock. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, July 12th. Finally, UBS AG lowered shares of DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 target price on the stock. in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $55.10.
DCT Industrial Trust (NYSE:DCT) traded up 1.01% during trading on Monday, reaching $59.83. 545,257 shares of the company’s stock were exchanged. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 59.95 and a beta of 0.95. DCT Industrial Trust has a 52 week low of $42.96 and a 52 week high of $60.02. The stock has a 50-day moving average price of $58.54 and a 200 day moving average price of $54.45.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, October 6th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.24 annualized dividend and a dividend yield of 2.07%. DCT Industrial Trust’s dividend payout ratio is presently 125.25%.
In related news, Director John C. Okeeffe sold 1,750 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $57.95, for a total value of $101,412.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of DCT Industrial Trust by 13.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,780 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 333 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in shares of DCT Industrial Trust in the 2nd quarter worth about $202,000. Blue Sky Asset Management LLC purchased a new stake in shares of DCT Industrial Trust in the 1st quarter worth about $189,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of DCT Industrial Trust in the 2nd quarter worth about $303,000. Finally, World Asset Management Inc boosted its position in shares of DCT Industrial Trust by 2.5% in the 2nd quarter. World Asset Management Inc now owns 5,822 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 144 shares in the last quarter. Institutional investors and hedge funds own 95.42% of the company’s stock.
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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