Shares of DCT Industrial Trust Inc (NYSE:DCT) have been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $62.83.
Several research analysts have recently weighed in on DCT shares. BMO Capital Markets restated a “hold” rating and set a $66.00 target price on shares of DCT Industrial Trust in a report on Thursday, August 2nd. Zacks Investment Research cut DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Finally, Citigroup boosted their target price on DCT Industrial Trust from $64.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th.
Institutional investors have recently bought and sold shares of the company. United Services Automobile Association lifted its position in DCT Industrial Trust by 17.8% in the second quarter. United Services Automobile Association now owns 19,883 shares of the real estate investment trust’s stock valued at $1,327,000 after purchasing an additional 3,002 shares during the period. Bank of New York Mellon Corp increased its holdings in DCT Industrial Trust by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 1,272,010 shares of the real estate investment trust’s stock valued at $84,881,000 after buying an additional 16,009 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in DCT Industrial Trust by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 150,901 shares of the real estate investment trust’s stock valued at $10,070,000 after buying an additional 1,708 shares in the last quarter. WINTON GROUP Ltd increased its holdings in DCT Industrial Trust by 22.2% in the second quarter. WINTON GROUP Ltd now owns 152,239 shares of the real estate investment trust’s stock valued at $10,159,000 after buying an additional 27,641 shares in the last quarter. Finally, Cowen Inc. purchased a new position in DCT Industrial Trust in the second quarter valued at about $59,655,000. 90.19% of the stock is currently owned by institutional investors and hedge funds.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.39). The business had revenue of $109.78 million during the quarter, compared to the consensus estimate of $110.02 million.
DCT Industrial Trust Company Profile
DCT Industrial is a leading logistics real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States. DCT's actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics.
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