Notable Runner: Will DCT Industrial Trust Inc Short Squeeze Soon?

Notable Runner: Will DCT Industrial Trust Inc Short Squeeze Soon?

The stock of DCT Industrial Trust Inc (NYSE:DCT) is a huge mover today! The stock decreased 3.79% or $1.8 on October 5, hitting $45.65. DCT Industrial Trust Inc (NYSE:DCT) has risen 26.53% since March 2, 2016 and is uptrending. It has outperformed by 18.27% the S&P500.
The move comes after 8 months negative chart setup for the $4.11 billion company. It was reported on Oct, 5 by Barchart.com. We have $42.91 PT which if reached, will make NYSE:DCT worth $246.60 million less.

Analysts await DCT Industrial Trust Inc (NYSE:DCT) to report earnings on November, 3. They expect $0.54 earnings per share, up 8.00% or $0.04 from last year’s $0.5 per share. DCT’s profit will be $48.62M for 21.13 P/E if the $0.54 EPS becomes a reality. After $0.54 actual earnings per share reported by DCT Industrial Trust Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

DCT Industrial Trust Inc (NYSE:DCT) Ratings Coverage

Out of 8 analysts covering DCT Industrial Trust (NYSE:DCT), 1 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. DCT Industrial Trust has been the topic of 10 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Monday, September 14 by KeyBanc Capital Markets. The stock has “Hold” rating given by TheStreet on Wednesday, September 2. Credit Suisse upgraded DCT Industrial Trust Inc (NYSE:DCT) rating on Friday, February 5. Credit Suisse has “Neutral” rating and $40 price target. The firm earned “Neutral” rating on Wednesday, September 28 by Mizuho. The stock of DCT Industrial Trust Inc (NYSE:DCT) has “Neutral” rating given on Thursday, August 25 by BTIG Research. The firm earned “Underperform” rating on Friday, December 11 by Credit Suisse. The stock of DCT Industrial Trust Inc (NYSE:DCT) has “Hold” rating given on Monday, May 23 by Evercore. The firm earned “Buy” rating on Tuesday, September 8 by Evercore. On Wednesday, August 12 the stock rating was initiated by Cowen & Co with “Market Perform”.

According to Zacks Investment Research, “DCT INDUSTRIAL is a leading industrial real estate company that owns, operates and develops high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico.”

Insitutional Activity: The institutional sentiment increased to 1.4 in Q2 2016. Its up 0.04, from 1.36 in 2016Q1. The ratio improved, as 21 funds sold all DCT Industrial Trust Inc shares owned while 67 reduced positions. 60 funds bought stakes while 63 increased positions. They now own 87.98 million shares or 0.71% more from 87.36 million shares in 2016Q1.
Advisors Asset Mngmt has 0% invested in the company for 2,300 shares. Us Fincl Bank De accumulated 0% or 70 shares. Duff And Phelps Investment Mgmt Co has invested 1.14% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT). Independent Order Of Foresters last reported 2,000 shares in the company. Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 22,700 shares. Dimensional Fund Advsr Lp last reported 1.23M shares in the company. Canada Pension Plan Investment Board accumulated 6,200 shares or 0% of the stock. Chicago Equity Prtnrs Limited Liability Company has 0.09% invested in the company for 65,310 shares. Kanaly Trust Commerce last reported 0% of its portfolio in the stock. Schwab Charles, a California-based fund reported 575,036 shares. Bluecrest Cap Mngmt has 20,426 shares for 0.04% of their US portfolio. Shinko Asset Management Company Ltd accumulated 1.80M shares or 0.61% of the stock. Commonwealth Of Pennsylvania School Empls Retrmt Sys last reported 0.02% of its portfolio in the stock. Lazard Asset Limited Com last reported 0.04% of its portfolio in the stock. Allianz Asset Mgmt Ag holds 0% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT) for 110,153 shares.

Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 3 sales for $790,825 net activity. On Thursday, June 9 the insider OKeeffe John C sold $102,625. Skomal Mark also sold $50,400 worth of DCT Industrial Trust Inc (NYSE:DCT) shares. Doyle Neil had sold 15,000 shares worth $637,800.

More recent DCT Industrial Trust Inc (NYSE:DCT) news were published by: Twst.com which released: “DCT Industrial Trust Inc.: DCT Industrial Trust® Invites You to Join Its Third …” on October 04, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: State Street, Healthcare Trust Of America and DCT …” on June 27, 2016. Businesswire.com‘s news article titled: “DCT Industrial Trust® Acquires 27.4 Acres in Dallas for Two Development Projects” with publication date: July 14, 2016 was also an interesting one.

DCT Company Profile

DCT Industrial Trust Inc. (DCT), incorporated on April 12, 2002, is an industrial real estate company. The Firm is engaged in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in distribution markets in the United States. The Firm operates in three divisions: East, Central and West. The Firm conducts its business through an owned and controlled subsidiary, DCT Industrial Operating Partnership LP (Operating Partnership). The Firm owns its properties through the Operating Partnership and its subsidiaries. DCT owns approximately 95.6% of the equity interests in the Operating Partnership. The Company’s Projects include DCT Fairburn, DCT Downs Park Building A, DCT Downs Park Building B, DCT Central Avenue, DCT Stockyards Industrial Center, DCT North Avenue Distribution Center, DCT O’Hare Logistics Center, DCT Waters Ridge, DCT Freeport West, DCT Northwest Crossroads Logistics Center II, DCT Fife 45 North and DCT Jurupa Ranch.

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