DCT Industrial Trust Inc (DCT) Expected to Announce Earnings of $0.62 Per Share
Equities analysts expect DCT Industrial Trust Inc (NYSE:DCT) to report $0.62 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for DCT Industrial Trust’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.61. DCT Industrial Trust reported earnings per share of $0.21 during the same quarter last year, which indicates a positive year-over-year growth rate of 195.2%. The business is scheduled to report its next quarterly earnings report on Thursday, February 1st.
According to Zacks, analysts expect that DCT Industrial Trust will report full-year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.45. For the next fiscal year, analysts forecast that the business will report earnings of $2.57 per share, with EPS estimates ranging from $2.53 to $2.62. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover DCT Industrial Trust.
DCT Industrial Trust (NYSE:DCT) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The company 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 firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share.
Several analysts recently issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of DCT Industrial Trust in a research report on Friday, September 29th. They set a “neutral” rating and a $59.00 target price for the company. JPMorgan Chase & Co. downgraded DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 price target for the company. in a report on Friday, December 15th. SunTrust Banks reaffirmed a “hold” rating and issued a $56.00 price target on shares of DCT Industrial Trust in a report on Tuesday, October 24th. ValuEngine downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $58.50.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in shares of DCT Industrial Trust by 8.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 246 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of DCT Industrial Trust by 397.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 2,237 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of DCT Industrial Trust in the 3rd quarter valued at about $176,000. Parametrica Management Ltd acquired a new stake in DCT Industrial Trust in the 3rd quarter valued at about $214,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in DCT Industrial Trust in the 3rd quarter valued at about $234,000. Institutional investors own 95.13% of the company’s stock.
Shares of DCT Industrial Trust (DCT) traded up $0.44 during midday trading on Friday, reaching $57.62. 501,200 shares of the company were exchanged, compared to its average volume of 485,964. DCT Industrial Trust has a one year low of $43.95 and a one year high of $61.53. The stock has a market cap of $5,360.00, a PE ratio of 52.38, a P/E/G ratio of 5.45 and a beta of 0.94. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 0.87.
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. The ex-dividend date is Thursday, December 21st. This represents a $1.44 dividend on an annualized basis and a yield of 2.50%. This is a boost from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s payout ratio is currently 130.91%.
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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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