Equities research analysts predict that DCT Industrial Trust Inc (NYSE:DCT) will report $106.02 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for DCT Industrial Trust’s earnings, with the highest sales estimate coming in at $107.32 million and the lowest estimate coming in at $104.16 million. DCT Industrial Trust posted sales of $101.85 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.1%. The company is scheduled to announce its next earnings results on Thursday, February 1st.

On average, analysts expect that DCT Industrial Trust will report full-year sales of $106.02 million for the current fiscal year, with estimates ranging from $417.80 million to $422.92 million. For the next fiscal year, analysts anticipate that the business will post sales of $439.69 million per share, with estimates ranging from $424.30 million to $449.60 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow DCT Industrial Trust.

DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $105.18 million during the quarter, compared to the consensus estimate of $105.96 million. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS.

DCT has been the subject of several research reports. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Janney Montgomery Scott initiated coverage on shares of DCT Industrial Trust in a research report on Friday, September 29th. They issued a “neutral” rating and a $59.00 price target for the company. ValuEngine downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Jefferies Group reiterated a “hold” rating and issued a $57.00 price target on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. Finally, UBS Group downgraded shares of DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price target for the company. in a research report on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $58.50.

Institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. grew its stake in shares of DCT Industrial Trust by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,010 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 25 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of DCT Industrial Trust by 8.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 246 shares during the period. Utah Retirement Systems grew its stake in shares of DCT Industrial Trust by 1.3% during the 2nd quarter. Utah Retirement Systems now owns 19,760 shares of the real estate investment trust’s stock worth $1,056,000 after purchasing an additional 253 shares during the period. GAM Holding AG grew its stake in shares of DCT Industrial Trust by 5.3% during the 2nd quarter. GAM Holding AG now owns 7,968 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 400 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in shares of DCT Industrial Trust by 1.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 43,608 shares of the real estate investment trust’s stock worth $2,330,000 after purchasing an additional 418 shares during the period. 95.13% of the stock is currently owned by institutional investors.

Shares of DCT Industrial Trust (NYSE DCT) opened at $57.62 on Friday. The firm has a market cap of $5,360.00, a P/E ratio of 52.38, a PEG ratio of 5.45 and a beta of 0.94. The company has a current ratio of 0.87, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. DCT Industrial Trust has a 12-month low of $43.95 and a 12-month high of $61.53.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be paid a $0.36 dividend. This is a boost from DCT Industrial Trust’s previous quarterly dividend of $0.31. This represents a $1.44 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, December 21st. DCT Industrial Trust’s payout ratio is currently 130.91%.

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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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Earnings History and Estimates for DCT Industrial Trust (NYSE:DCT)

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