Brokerage Firm Rating Update on DCT Industrial Trust Inc (DCT)

DCT Industrial Trust Inc (DCT) : Zacks Investment Research ranks DCT Industrial Trust Inc (DCT) as 3, which is a Hold recommendation. 4 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 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.13, which indicates as a Buy.

DCT Industrial Trust Inc (DCT) : The most positive equity analysts on DCT Industrial Trust Inc (DCT) expects the shares to touch $53, whereas, the least positive believes that the stock will trade at $43 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $49.08 with an expected fluctuation of $4.05 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, BTIG Research initiates coverage on DCT Industrial Trust Inc (NYSE:DCT). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 25, 2016.

DCT Industrial Trust Inc (NYSE:DCT): The stock opened at $49.54 and touched an intraday high of $50.06 on Wednesday. During the day, the stock corrected to an intraday low of $49.3, however, the bulls stepped in and pushed the price higher to close in the green at $50.02 with a gain of 0.87% for the day. The total traded volume for the day was 706,513. The stock had closed at $49.59 in the previous trading session.

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.

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