J P Morgan Chase & Co Lowers DCT Industrial Trust (DCT) to Underweight

J P Morgan Chase & Co lowered shares of DCT Industrial Trust (NYSE:DCT) from a neutral rating to an underweight rating in a research note issued to investors on Friday, Marketbeat reports. They currently have $58.00 price objective on the real estate investment trust’s stock.

Several other brokerages have also issued reports on DCT. Zacks Investment Research lowered shares of DCT Industrial Trust from a buy rating to a hold rating in a research report on Monday, November 27th. Jefferies Group reiterated a hold rating and set a $59.00 target price on shares of DCT Industrial Trust in a research report on Friday, November 24th. ValuEngine lowered shares of DCT Industrial Trust from a buy rating to a hold rating in a research report on Friday, December 1st. SunTrust Banks reissued a hold rating on shares of DCT Industrial Trust in a research note on Friday, December 1st. Finally, BMO Capital Markets reissued a market perform rating and set a $61.00 price target on shares of DCT Industrial Trust in a research note on Monday, September 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $58.50.

Shares of DCT Industrial Trust (NYSE:DCT) opened at $59.44 on Friday. DCT Industrial Trust has a 1 year low of $43.95 and a 1 year high of $61.53. The stock has a market cap of $5,535.83, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 5.66 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 0.87.

DCT Industrial Trust (NYSE:DCT) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The business had revenue of $105.18 million during the quarter, compared to analyst estimates of $105.96 million. During the same period in the previous year, the business posted $0.60 earnings per share. DCT Industrial Trust’s revenue for the quarter was up 4.9% on a year-over-year basis. equities research analysts anticipate that DCT Industrial Trust will post 2.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, December 21st. This is an increase from DCT Industrial Trust’s previous quarterly dividend of $0.31. This represents a $1.44 annualized dividend and a dividend yield of 2.42%. DCT Industrial Trust’s dividend payout ratio (DPR) is 112.73%.

Several hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. raised its stake in shares of DCT Industrial Trust by 0.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,010 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 25 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of DCT Industrial Trust by 8.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 246 shares in the last quarter. Utah Retirement Systems raised its stake in shares of DCT Industrial Trust by 1.3% during the second quarter. Utah Retirement Systems now owns 19,760 shares of the real estate investment trust’s stock worth $1,056,000 after acquiring an additional 253 shares in the last quarter. GAM Holding AG increased its stake in shares of DCT Industrial Trust by 5.3% in the second quarter. GAM Holding AG now owns 7,968 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 400 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in shares of DCT Industrial Trust by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 43,608 shares of the real estate investment trust’s stock worth $2,330,000 after buying an additional 418 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This story was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/12/18/j-p-morgan-chase-co-lowers-dct-industrial-trust-dct-to-underweight.html.

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.

Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

What are top analysts saying about DCT Industrial Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for DCT Industrial Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit