DCT Industrial Trust Inc (DCT) Rating Reiterated by BMO Capital Markets

DCT Industrial Trust Inc (NYSE:DCT)‘s stock had its “market perform” rating reissued by equities researchers at BMO Capital Markets in a research report issued on Monday. They currently have a $61.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ target price would suggest a potential upside of 1.97% from the stock’s current price.

Several other equities research analysts have also issued reports on DCT. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, May 24th. Stifel Nicolaus lifted their price objective on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. BidaskClub lowered shares of DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, Jefferies Group LLC began coverage on shares of DCT Industrial Trust in a research note on Friday, June 23rd. They issued a “hold” rating and a $53.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $53.89.

DCT Industrial Trust (NYSE DCT) traded down 1.54% on Monday, reaching $58.90. The company’s stock had a trading volume of 135,366 shares. The stock’s 50 day moving average price is $57.01 and its 200 day moving average price is $52.61. DCT Industrial Trust has a 12 month low of $42.96 and a 12 month high of $60.02. The company has a market cap of $5.48 billion, a P/E ratio of 59.02 and a beta of 0.95.

DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The business had revenue of $104.50 million for the quarter, compared to analysts’ expectations of $106.54 million. During the same quarter last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts forecast that DCT Industrial Trust will post $0.88 earnings per share for the current year.

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In related news, Director John C. Okeeffe sold 1,750 shares of DCT Industrial Trust stock in a transaction on Friday, August 25th. The shares were sold at an average price of $57.95, for a total value of $101,412.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of DCT. Oppenheimer Asset Management Inc. increased its position in shares of DCT Industrial Trust by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,010 shares of the real estate investment trust’s stock valued at $321,000 after acquiring an additional 25 shares during the period. Utah Retirement Systems increased its position in shares of DCT Industrial Trust by 0.5% in the first quarter. Utah Retirement Systems now owns 19,507 shares of the real estate investment trust’s stock valued at $939,000 after acquiring an additional 100 shares during the period. World Asset Management Inc increased its position in shares of DCT Industrial Trust by 2.5% in the second quarter. World Asset Management Inc now owns 5,822 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 144 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in shares of DCT Industrial Trust by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,837 shares of the real estate investment trust’s stock valued at $762,000 after acquiring an additional 149 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of DCT Industrial Trust by 8.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 246 shares during the period. Institutional investors own 95.42% of the company’s stock.

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.

Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

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