DCT Industrial Trust Inc (NYSE:DCT) : Zacks Investment Research ranks DCT Industrial Trust Inc (NYSE:DCT) as 2, which is a Buy recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.1, which indicates as a Buy.
DCT Industrial Trust Inc (NYSE:DCT) : The highest level DCT Industrial Trust Inc (NYSE:DCT) is projected to reach is $49 for the short term and the lowest estimate is at $39. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $43.94 and the possibility the share price can swing is $3.83.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Evercore ISI, downgrades their rating on the shares of DCT Industrial Trust Inc (NYSE:DCT). Evercore ISI has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 23, 2016.
DCT Industrial Trust Inc (NYSE:DCT): stock turned positive on Tuesday. Though the stock opened at $45.86, the bulls momentum made the stock top out at $46.5 level for the day. The stock recorded a low of $45.47 and closed the trading day at $46.49, in the green by 2.54%. The total traded volume for the day was 1,043,422. The stock had closed at $45.34 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Dct Industrial Trust Inc., Okeeffe John C had sold 2,250 shares worth of $102,623 in a transaction dated June 9, 2016. In this transaction, 2,250 shares were sold at $45.61 per share.
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.