DCT Industrial Trust Inc (DCT) is Initiated by Mizuho to Neutral, Price Target at $51

DCT Industrial Trust Inc (DCT) was Initiated by Mizuho to “Neutral” and the brokerage firm has set the Price Target at $51. Mizuho advised their investors in a research report released on Sep 28, 2016.

Many Wall Street Analysts have commented on DCT Industrial Trust Inc. DCT Industrial Trust Inc was Downgraded by CapitalOne to ” Underweight” on Aug 8, 2016.

On the company’s financial health, DCT Industrial Trust Inc reported $0.54 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.54. The company had revenue of $95.90 million for the quarter, compared to analysts expectations of $94.85 million. The company’s revenue was up 8.4% 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 -0.58 points or -1.17% at $48.91 with 5,61,455 shares getting traded on Tuesday. Post opening the session at $49.69, the shares hit an intraday low of $48.87 and an intraday high of $49.71 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 13, 2016, John C Okeeffe (director) sold 2,250 shares at $45.61 per share price. According to the SEC, on May 20, 2016, Mark Skomal (Chief Accounting Officer) sold 1,200 shares at $42.00 per share price. On May 13, 2016, Neil Doyle (Managing Director) sold 15,000 shares at $42.52 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.

DCT Industrial Trust Inc

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