DCT Industrial Trust Inc (DCT) Releases Earnings Results, Beats Expectations By $0.03 EPS

DCT Industrial Trust Inc (DCT) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.51. The company posted revenue of $94.40 million in the period, compared to analysts expectations of $90.74 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on DCT Industrial Trust Inc. Raymond James Initiated DCT Industrial Trust Inc on Apr 22, 2016 to “Outperform”, Price Target of the shares are set at $43.Company shares were Reiterated by Stifel on Apr 15, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .

DCT Industrial Trust Inc opened for trading at $40.28 and hit $40.91 on the upside on Wednesday, eventually ending the session at $40.8, with a gain of 0.84% or 0.34 points. The heightened volatility saw the trading volume jump to 7,85,238 shares. Company has a market cap of $3,610 M.

In a different news, on Mar 15, 2016, Teresa Corral (Executive Vice President) sold 1,419 shares at $38.01 per share price. According to the SEC, on Mar 7, 2016, Philip L Hawkins (Chief Executive Officer) sold 26,000 shares at $37.64 per share price. On Dec 21, 2015, Matthew T Murphy (Chief Financial Officer) sold 2,700 shares at $37.18 per share price, according to the Form-4 filing with the securities and exchange commission.

DCT Industrial Trust Inc. is an industrial real estate company. The Company specializes in the acquisition development leasing and management of bulk distribution and light industrial properties located in high-volume distribution markets in the United States. It conducts its business through a majority owned and controlled subsidiary DCT Industrial Operating Partnership LP. The Company operates in three segments: East Central and West. Its portfolio primarily consists of bulk distribution warehouses and light industrial properties. The Company holds interests in around 72.3 million square feet of properties which include approximately 62.0 million square feet comprising 393 consolidated operating properties; around 8.1 million square feet comprising 24 unconsolidated properties; approximately 0.8 million square feet comprising six consolidated properties under redevelopment and around 1.4 million square feet comprising seven consolidated buildings which are in lease-up.

DCT Industrial Trust Inc

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