DCT Industrial Trust Inc (DCT) Hits New 12-Month High at $60.93

Shares of DCT Industrial Trust Inc (NYSE:DCT) hit a new 52-week high during trading on Tuesday . The stock traded as high as $60.93 and last traded at $60.72, with a volume of 406200 shares trading hands. The stock had previously closed at $59.75.

Several analysts have commented on DCT shares. KeyCorp reiterated a “buy” rating on shares of DCT Industrial Trust in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Tuesday, October 10th. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 target price (up previously from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday, August 9th. BidaskClub upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, ValuEngine upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $57.20.

The company has a market capitalization of $5,657.82, a price-to-earnings ratio of 25.21, a PEG ratio of 5.89 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.87 and a quick ratio of 1.07.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, topping the Zacks’ 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 company had revenue of $105.18 million during the quarter, compared to the consensus estimate of $105.96 million. During the same period in the prior year, the business posted $0.60 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. analysts anticipate that DCT Industrial Trust Inc will post 2.44 earnings per share for the current year.

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

In other news, Director John C. Okeeffe sold 1,750 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $57.95, for a total transaction of $101,412.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

A number of large investors have recently modified their holdings of DCT. PNC Financial Services Group Inc. lifted its stake in 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 valued at $133,000 after purchasing an additional 333 shares during the last quarter. Renaissance Technologies LLC lifted its stake in DCT Industrial Trust by 111.1% in the 1st quarter. Renaissance Technologies LLC now owns 173,275 shares of the real estate investment trust’s stock valued at $8,338,000 after purchasing an additional 91,175 shares during the last quarter. AQR Capital Management LLC lifted its stake in DCT Industrial Trust by 16.5% in the 1st quarter. AQR Capital Management LLC now owns 24,525 shares of the real estate investment trust’s stock valued at $1,180,000 after purchasing an additional 3,472 shares during the last quarter. Bank of Montreal Can lifted its stake in DCT Industrial Trust by 171.8% in the 2nd quarter. Bank of Montreal Can now owns 215,061 shares of the real estate investment trust’s stock valued at $11,493,000 after purchasing an additional 135,939 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in DCT Industrial Trust by 4.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,998 shares of the real estate investment trust’s stock valued at $1,763,000 after purchasing an additional 1,475 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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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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