DCT Industrial Trust Inc Common (NYSE:DCT).
On August 25 analysts at BTIG Research starting coverage on DCT with a rating of “Neutral”. July 7 investment analysts at Citigroup kept the stock rating at “Neutral” and raised the price target to $47.00 from $8.50.
On May 23 the company was rated “Hold” by Evercore ISI which was a cut from the previous “” rating. On April 22, 2016 Raymond James added the stock to its research portfolio setting a rating of “Outperform”.
Equity analyst Credit Suisse initiated coverage on the stock by announcing an initial rating of “Neutral” and setting a price target of $40.00.
The company is now down by -1.23 percent from yesterday’s close. DCT Industrial Trust Inc Common recently announced a dividend for shareholders to be paid on Wednesday the 19th of October 2016. The dividend will be $0.290 per share for the quarter or $1.16 annualized. This dividend amount will represent a yeild of $2.36. The ex-dividend date will be on Wednesday the 29th of June 2016.
Shares are trading at $48.91 barely above the 50 day moving average of $48.51 and slightly over the 200 day moving average of $44.88. The 50 day moving average went up by +0.82% and the 200 day average went up by +8.97%.
The P/E ratio is currently 42.13 and market capitalization is 4.41B. In the latest earnings report the EPS was $1.16 and is expected to be $2.19 for the current year with 90,149,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.56 and the next full year EPS is anticipated to be $2.34.