Favorable News Coverage Likely to Impact DCT Industrial Trust (DCT) Stock Price
Headlines about DCT Industrial Trust (NYSE:DCT) have been trending positive on Saturday, Alpha One reports. Alpha One, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DCT Industrial Trust earned a coverage optimism score of 0.40 on Alpha One’s scale. Alpha One also assigned news articles about the real estate investment trust an impact score of 66 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Alpha One Sentiment Analysis’s scoring:
- DCT Industrial Trust Inc (DCT) Lifted to Buy at Zacks Investment Research (americanbankingnews.com)
- DCT Industrial Trust Inc (DCT) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- FY2017 EPS Estimates for DCT Industrial Trust Inc (DCT) Increased by Analyst (americanbankingnews.com)
- DCT Industrial Trust Inc (DCT) Rating Reiterated by Stifel Nicolaus (americanbankingnews.com)
- DCT Industrial Trust Inc. (DCT) PT Raised to $58 at Stifel; ‘Operating Fundamentals Continue to Impress’ (streetinsider.com)
DCT Industrial Trust (DCT) traded down 0.78% during midday trading on Friday, reaching $54.75. 710,268 shares of the company were exchanged. The firm’s 50-day moving average price is $52.57 and its 200 day moving average price is $48.84. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 70.01 and a beta of 0.97. DCT Industrial Trust has a 52-week low of $42.96 and a 52-week high of $55.69.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $105.90 million during the quarter, compared to analyst estimates of $103.61 million. DCT Industrial Trust had a net margin of 17.68% and a return on equity of 3.67%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities analysts predict that DCT Industrial Trust will post $0.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, June 28th. DCT Industrial Trust’s dividend payout ratio (DPR) is 158.97%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Friday. Stifel Nicolaus boosted their target price on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Citigroup Inc. restated a “neutral” rating and issued a $52.00 target price (up from $49.00) on shares of DCT Industrial Trust in a report on Monday, May 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. DCT Industrial Trust currently has an average rating of “Hold” and an average price target of $52.83.
In related news, CFO Matthew T. Murphy sold 7,481 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.90, for a total transaction of $395,744.90. Following the transaction, the chief financial officer now owns 37 shares of the company’s stock, valued at $1,957.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Philip L. Hawkins sold 19,731 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $51.39, for a total transaction of $1,013,976.09. Following the transaction, the insider now directly owns 142,167 shares in the company, valued at approximately $7,305,962.13. The disclosure for this sale can be found here. Insiders sold 28,532 shares of company stock valued at $1,480,552 over the last three months. 1.50% of the stock is owned by insiders.
DCT Industrial Trust Company Profile
DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company specializes in the ownership, acquisition, development, leasing and management of bulk-distribution and light-industrial properties located in various distribution markets in the United States. The Company operates through three segments: East, Central and West.
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