Wall Street analysts expect DCT Industrial Trust Inc (NYSE:DCT) to report earnings of $0.60 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for DCT Industrial Trust’s earnings, with estimates ranging from $0.59 to $0.61. DCT Industrial Trust posted earnings of $0.54 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 11.1%. The company is scheduled to announce its next earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that DCT Industrial Trust will report full year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.43. For the next financial year, analysts forecast that the company will post earnings of $2.54 per share, with EPS estimates ranging from $2.52 to $2.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover DCT Industrial Trust.
DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $105.90 million during the quarter, compared to analyst estimates of $103.61 million. DCT Industrial Trust had a return on equity of 3.67% and a net margin of 17.68%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS.
Several research firms have commented on DCT. Stifel Nicolaus upped their price target on DCT Industrial Trust from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Friday, June 16th. BidaskClub cut DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $52.00 price target (up previously from $49.00) on shares of DCT Industrial Trust in a report on Monday, May 15th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $52.86.
Shares of DCT Industrial Trust (NYSE DCT) traded up 0.80% on Thursday, hitting $53.87. The stock had a trading volume of 155,452 shares. DCT Industrial Trust has a 1-year low of $42.96 and a 1-year high of $55.69. The stock has a market cap of $4.95 billion, a P/E ratio of 68.89 and a beta of 0.94. The firm’s 50-day moving average is $53.46 and its 200 day moving average is $49.37.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.24 annualized dividend and a dividend yield of 2.30%. DCT Industrial Trust’s dividend payout ratio is currently 158.97%.
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In other news, insider Mark Skomal sold 1,320 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $53.66, for a total value of $70,831.20. Following the sale, the insider now directly owns 1,167 shares in the company, valued at approximately $62,621.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Philip L. Hawkins sold 19,731 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $51.39, for a total value of $1,013,976.09. Following the completion of the sale, the insider now owns 142,167 shares in the company, valued at $7,305,962.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,532 shares of company stock worth $1,480,552. Corporate insiders own 1.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in DCT Industrial Trust by 13.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,780 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 333 shares in the last quarter. Blue Sky Asset Management LLC bought a new stake in DCT Industrial Trust during the first quarter valued at $189,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in DCT Industrial Trust by 5.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 299 shares in the last quarter. World Asset Management Inc raised its stake in DCT Industrial Trust by 3.1% in the first quarter. World Asset Management Inc now owns 5,678 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 173 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in DCT Industrial Trust during the first quarter valued at $288,000. Institutional investors own 96.01% 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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