News articles about DCT Industrial Trust (NYSE:DCT) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DCT Industrial Trust earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.6472778977777 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
DCT has been the topic of a number of recent analyst reports. Jefferies Group reissued a “hold” rating and set a $59.00 price target on shares of DCT Industrial Trust in a research report on Friday, November 24th. Zacks Investment Research cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 27th. ValuEngine cut 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 report on Friday, December 1st. Finally, JPMorgan Chase & Co. cut shares of DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 price target on the stock. in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $59.20.
DCT Industrial Trust (NYSE:DCT) traded up $0.40 on Wednesday, reaching $57.84. 401,720 shares of the company traded hands, compared to its average volume of 607,142. The company has a market cap of $5,391.92, a PE ratio of 52.11, a P/E/G ratio of 5.90 and a beta of 0.91. DCT Industrial Trust has a 1-year low of $45.84 and a 1-year high of $61.53. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.84.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.38). The company had revenue of $108.90 million during the quarter, compared to the consensus estimate of $106.66 million. DCT Industrial Trust had a net margin of 24.34% and a return on equity of 5.27%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 earnings per share. equities research analysts predict that DCT Industrial Trust will post 2.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Friday, March 30th will be given a $0.36 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.44 annualized dividend and a yield of 2.49%. DCT Industrial Trust’s dividend payout ratio is currently 129.73%.
In related news, insider John V. Pharris sold 3,362 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $55.93, for a total value of $188,036.66. Following the sale, the insider now directly owns 4,261 shares of the company’s stock, valued at approximately $238,317.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.
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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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