DCT Industrial Trust Inc (NYSE:DCT) Hit With “Hold” Rating From BMO Capital, Analysts Expect $55.0 Stock Price

September 17, 2017 - By test

 DCT Industrial Trust Inc (NYSE:DCT) Hit With

Investors sentiment increased to 1.87 in 2016 Q4. Its up 0.79, from 1.08 in 2016Q3. It increased, as 23 investors sold DCT Industrial Trust Inc shares while 52 reduced holdings. 39 funds opened positions while 101 raised stakes. 86.77 million shares or 0.74% less from 87.42 million shares in 2016Q3 were reported.

Weaver C Barksdale Incorporated has invested 0% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT). Moreover, Ameriprise has 0.01% invested in DCT Industrial Trust Inc (NYSE:DCT) for 277,060 shares. Lord Abbett Communications Lc holds 0.03% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT) for 225,000 shares. South Dakota Council holds 0.04% or 40,600 shares. Tiaa Cref Inv Mngmt Ltd has 333,787 shares for 0.01% of their portfolio. Lpl Finance Lc accumulated 11,489 shares. Invesco Limited accumulated 887,079 shares. Dupont Cap Management invested in 0.02% or 14,894 shares. Cibc World Markets reported 5,032 shares stake. Clearbridge reported 21,540 shares stake. Quantitative Investment Ltd Llc invested in 0.03% or 28,600 shares. Vanguard Group Inc Inc reported 13.83 million shares. Spirit Of America Mngmt Ny reported 14,214 shares. 39,720 are held by Walleye Trading Limited Liability Corporation. Jpmorgan Chase has 0.01% invested in DCT Industrial Trust Inc (NYSE:DCT) for 1.01M shares.

Since May 10, 2017, it had 0 insider purchases, and 4 selling transactions for $1.63 million activity. Murphy Matthew T sold $395,726 worth of stock. On Wednesday, May 10 the insider HAWKINS PHILIP L sold $1.01M. 2,800 shares valued at $149,866 were sold by Pharris John V on Wednesday, June 7.

Why Has BMO Capital Given DCT Industrial Trust Inc (NYSE:DCT) a $55.0 Price Target

Analysts at BMO Capital initiated coverage on DCT Industrial Trust Inc (NYSE:DCT) with a key “Hold” rating. The target price for DCT is exactly $55.0. It gives a possible downside of -7.69 % from firm’s close price.

Investors sentiment increased to 1.87 in 2016 Q4. Its up 0.79, from 1.08 in 2016Q3. It increased, as 23 investors sold DCT Industrial Trust Inc shares while 52 reduced holdings. 39 funds opened positions while 101 raised stakes. 86.77 million shares or 0.74% less from 87.42 million shares in 2016Q3 were reported.

Weaver C Barksdale Incorporated has invested 0% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT). Moreover, Ameriprise has 0.01% invested in DCT Industrial Trust Inc (NYSE:DCT) for 277,060 shares. Lord Abbett Communications Lc holds 0.03% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT) for 225,000 shares. South Dakota Council holds 0.04% or 40,600 shares. Tiaa Cref Inv Mngmt Ltd has 333,787 shares for 0.01% of their portfolio. Lpl Finance Lc accumulated 11,489 shares. Invesco Limited accumulated 887,079 shares. Dupont Cap Management invested in 0.02% or 14,894 shares. Cibc World Markets reported 5,032 shares stake. Clearbridge reported 21,540 shares stake. Quantitative Investment Ltd Llc invested in 0.03% or 28,600 shares. Vanguard Group Inc Inc reported 13.83 million shares. Spirit Of America Mngmt Ny reported 14,214 shares. 39,720 are held by Walleye Trading Limited Liability Corporation. Jpmorgan Chase has 0.01% invested in DCT Industrial Trust Inc (NYSE:DCT) for 1.01M shares.

Since May 10, 2017, it had 0 insider purchases, and 4 selling transactions for $1.63 million activity. Murphy Matthew T sold $395,726 worth of stock. On Wednesday, May 10 the insider HAWKINS PHILIP L sold $1.01M. 2,800 shares valued at $149,866 were sold by Pharris John V on Wednesday, June 7.

DCT Industrial Trust Inc (NYSE:DCT) Ratings Coverage

Among 12 analysts covering DCT Industrial Trust (NYSE:DCT), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. DCT Industrial Trust has $61.0 highest and $36 lowest target. $45.83’s average target is -23.08% below currents $59.58 stock price. DCT Industrial Trust had 17 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, September 14 by KeyBanc Capital Markets. As per Friday, December 11, the company rating was downgraded by Credit Suisse. The stock of DCT Industrial Trust Inc (NYSE:DCT) earned “Overweight” rating by Capital One on Wednesday, February 8. The firm has “Buy” rating by Evercore given on Tuesday, September 8. The firm has “Neutral” rating by BTIG Research given on Thursday, August 25. As per Wednesday, February 8, the company rating was upgraded by CapitalOne. JP Morgan downgraded the shares of DCT in report on Friday, December 16 to “Neutral” rating. Cowen & Co initiated DCT Industrial Trust Inc (NYSE:DCT) rating on Wednesday, August 12. Cowen & Co has “Market Perform” rating and $37 target. The firm has “Neutral” rating given on Friday, February 5 by Credit Suisse. The rating was initiated by Jefferies with “Hold” on Friday, June 23.

The stock increased 0.03% or $0.02 on September 15, reaching $59.58. About 718,024 shares traded or 79.73% up from the average. DCT Industrial Trust Inc (NYSE:DCT) has risen 26.55% since September 17, 2016 and is uptrending. It has outperformed by 9.85% the S&P500.

Investors wait DCT Industrial Trust Inc (NYSE:DCT) to report on November, 2. its quarterly earnings Wall Street analysts expect $0.60 earnings per share, down $0.01 or 1.64 % from last year’s $0.61 same quarter earnings. This translates into $55.89M profit for DCT giving the stock a 24.83 P/E. This is assuming the current $0.60 EPS is accurate. DCT Industrial Trust Inc’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.60 EPS reproted in the previous quarter,

DCT Industrial Trust Inc. is an industrial real estate company. The company has market cap of $5.55 billion. The Firm 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. It has a 59.97 P/E ratio. The Firm operates through three divisions: East, Central and West.

More news for DCT Industrial Trust Inc (NYSE:DCT) were recently published by: Seekingalpha.com, which released: “DCT Industrial Trust’s (DCT) CEO Phil Hawkins on Q2 2017 Results – Earnings …” on August 04, 2017. Businesswire.com‘s article titled: “Teresa Corral Selected as One of Real Estate Forum’s 2017 Women of Influence” and published on September 12, 2017 is yet another important article.

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