DCT Industrial Trust Inc (DCT) : The consensus on DCT Industrial Trust Inc (DCT) based on 10 analyst recommendation on the company stock is 2.1, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
DCT Industrial Trust Inc (DCT) : 8 Wall Street analysts covering DCT Industrial Trust Inc (DCT) believe that the average level the stock could reach for the short term is $43.94. The maximum price target given is $49 and the minimum target for short term is around $39, hence the standard deviation is calculated at $3.83.
DCT Industrial Trust Inc (NYSE:DCT): The stock opened at $48.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $48.15 for the day. The stock traded down to $47.69 during the day, due to lack of any buying support eventually closed down at $47.84 with a loss of -0.54% for the day. The stock had closed at $48.10 on the previous day. The total traded volume was 712,662 shares.
Also, In the latest statement by the brokerage house, Evercore ISI downgrades its outlook on DCT Industrial Trust Inc (NYSE:DCT). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on May 23, 2016. The company shares have rallied 45.14% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $48.46 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $44.61 and the 200 Day Moving Average price is recorded at $39.63.
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.