DCT Industrial Trust Inc (DCT) was Initiated by Raymond James to “Outperform” and the brokerage firm has set the Price Target at $43. Raymond James advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on DCT Industrial Trust Inc. 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 was Upgraded by Credit Suisse to ” Neutral” on Feb 5, 2016.
On the company’s financial health, DCT Industrial Trust Inc reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.51. The company had revenue of $89.29 million for the quarter, compared to analysts expectations of $89.79 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
DCT Industrial Trust Inc closed down -0.47 points or -1.18% at $39.46 with 7,97,585 shares getting traded on Wednesday. Post opening the session at $39.83, the shares hit an intraday low of $39.18 and an intraday high of $40.005 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.