Analyzing DCT Industrial Trust (DCT) and The Competition
DCT Industrial Trust (NYSE: DCT) is one of 233 public companies in the “Real estate investment trusts” industry, but how does it contrast to its peers? We will compare DCT Industrial Trust to similar companies based on the strength of its dividends, institutional ownership, profitability, analyst recommendations, risk, valuation and earnings.
This is a summary of recent recommendations and price targets for DCT Industrial Trust and its peers, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|DCT Industrial Trust||2||7||2||0||2.00|
|DCT Industrial Trust Competitors||1645||8120||8725||242||2.40|
Risk & Volatility
DCT Industrial Trust has a beta of 0.86, indicating that its share price is 14% less volatile than the S&P 500. Comparatively, DCT Industrial Trust’s peers have a beta of 0.56, indicating that their average share price is 44% less volatile than the S&P 500.
This table compares DCT Industrial Trust and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|DCT Industrial Trust||32.03%||6.85%||3.53%|
|DCT Industrial Trust Competitors||23.39%||6.62%||2.62%|
Institutional and Insider Ownership
95.7% of DCT Industrial Trust shares are owned by institutional investors. Comparatively, 73.3% of shares of all “Real estate investment trusts” companies are owned by institutional investors. 1.4% of DCT Industrial Trust shares are owned by insiders. Comparatively, 7.0% of shares of all “Real estate investment trusts” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
DCT Industrial Trust pays an annual dividend of $1.44 per share and has a dividend yield of 2.2%. DCT Industrial Trust pays out 58.8% of its earnings in the form of a dividend. As a group, “Real estate investment trusts” companies pay a dividend yield of 4.7% and pay out 71.7% of their earnings in the form of a dividend. DCT Industrial Trust has increased its dividend for 3 consecutive years.
Earnings and Valuation
This table compares DCT Industrial Trust and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|DCT Industrial Trust||$424.47 million||$103.49 million||26.55|
|DCT Industrial Trust Competitors||$797.45 million||$175.01 million||14.58|
DCT Industrial Trust’s peers have higher revenue and earnings than DCT Industrial Trust. DCT Industrial Trust is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
DCT Industrial Trust peers beat DCT Industrial Trust on 8 of the 15 factors compared.
About DCT Industrial Trust
DCT Industrial is a leading 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. As of December 31, 2017, the Company owned interests in approximately 74.8 million square feet of properties leased to approximately 850 customers. DCT maintains a Baa2 rating from Moody's Investors Service and a BBB from S&P Global Ratings. Additional information is available at www.dctindustrial.com.
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