Equities research analysts expect DCT Industrial Trust Inc (NYSE:DCT) to announce earnings of $0.64 per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for DCT Industrial Trust’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.64. DCT Industrial Trust posted earnings per share of $0.60 in the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, August 2nd.
On average, analysts expect that DCT Industrial Trust will report full-year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.57 to $2.61. For the next financial year, analysts forecast that the business will report earnings of $2.73 per share, with EPS estimates ranging from $2.70 to $2.77. Zacks’ earnings per share averages are an average based on a survey of research firms that follow DCT Industrial Trust.
Get DCT Industrial Trust alerts:Several analysts recently issued reports on the company. Zacks Investment Research upgraded DCT Industrial Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Wells Fargo & Co lowered DCT Industrial Trust from an “outperform” rating to a “market perform” rating and set a $67.00 target price on the stock. in a report on Monday, May 14th. Finally, ValuEngine lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. DCT Industrial Trust presently has a consensus rating of “Hold” and a consensus price target of $60.55.
A number of large investors have recently added to or reduced their stakes in the business. Heitman Real Estate Securities LLC raised its stake in DCT Industrial Trust by 53.4% in the first quarter. Heitman Real Estate Securities LLC now owns 452,741 shares of the real estate investment trust’s stock valued at $25,362,000 after buying an additional 157,627 shares during the period. Allianz Asset Management GmbH raised its stake in DCT Industrial Trust by 20.4% in the first quarter. Allianz Asset Management GmbH now owns 284,070 shares of the real estate investment trust’s stock valued at $16,005,000 after buying an additional 48,082 shares during the period. Kempen Capital Management N.V. raised its stake in DCT Industrial Trust by 73.9% in the first quarter. Kempen Capital Management N.V. now owns 214,705 shares of the real estate investment trust’s stock valued at $12,097,000 after buying an additional 91,209 shares during the period. Principal Financial Group Inc. grew its position in shares of DCT Industrial Trust by 9.5% in the first quarter. Principal Financial Group Inc. now owns 1,772,524 shares of the real estate investment trust’s stock valued at $99,864,000 after purchasing an additional 153,125 shares during the last quarter. Finally, WINTON GROUP Ltd grew its position in shares of DCT Industrial Trust by 24.0% in the first quarter. WINTON GROUP Ltd now owns 124,598 shares of the real estate investment trust’s stock valued at $7,020,000 after purchasing an additional 24,116 shares during the last quarter. Hedge funds and other institutional investors own 95.88% of the company’s stock.
DCT traded up $0.50 on Wednesday, hitting $66.20. 167,828 shares of the company were exchanged, compared to its average volume of 630,665. DCT Industrial Trust has a 12 month low of $52.06 and a 12 month high of $67.26. The firm has a market capitalization of $6.19 billion, a PE ratio of 27.02, a PEG ratio of 6.37 and a beta of 0.85. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.25 and a current ratio of 1.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 11th. Shareholders of record on Friday, June 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.44 annualized dividend and a yield of 2.18%. DCT Industrial Trust’s dividend payout ratio is 58.78%.
About DCT Industrial Trust
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.
Get a free copy of the Zacks research report on DCT Industrial Trust (DCT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Verge (CURRENCY:XVG) traded up 1.8% against the US dollar during the 24 hour period ending at 16:00 PM E.T. on July 4th. Verge has a total market cap of $406.02 million and approximately $9.44 million worth of Verge was traded on exchanges in the last 24 hours. One Verge coin can now be bought for about $0.0270 or 0.00000403 BTC on cryptocurrency exchanges including SouthXchange, LiteBit.eu, TradeOgre and Trade Satoshi. During the last week, Verge has traded up 20.8% against the US dollar.