DCT Industrial Trust Inc (DCT) has risen sharply, recording gains of 2% in the past 4 weeks. However, the stock has corrected -2.69% in the past 1 week, providing a good buying opportunity on dips. DCT Industrial Trust Inc (DCT) : During the past 4 weeks, traders have been relatively bearish on DCT Industrial Trust Inc (DCT), hence the stock is down -0.47% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.1% relative to the S&P 500.
DCT Industrial Trust Inc (NYSE:DCT): The stock opened at $49.35 on Friday but the bulls could not build on the opening and the stock topped out at $50.17 for the day. The stock traded down to $48.71 during the day, due to lack of any buying support eventually closed down at $48.87 with a loss of -0.97% for the day. The stock had closed at $49.35 on the previous day. The total traded volume was 1,021,186 shares.
The stock has recorded a 20-day Moving Average of 0.05% and the 50-Day Moving Average is 4.87%. DCT Industrial Trust Inc. is up 16.92% in the last 3-month period. Year-to-Date the stock performance stands at 32.56%.
DCT Industrial Trust Inc (DCT) : Average target price received by DCT Industrial Trust Inc (DCT) is $44.81 with an expected standard deviation of $4.72. The most aggressive target on the stock is $51, whereas the most downbeat target is $39. 8 financial analysts are currently covering the stock.
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.