DCT Industrial Trust (NYSE:DCT) Receives a Downgrade
In analysts note released on 11 December, Credit Suisse has cut shares of DCT Industrial Trust (NYSE:DCT) stock to a Underperform and has published an estimated 52-week Estimated Target Price equal to $39.00. DCT’s last stock rating by Credit Suisse was a Neutral.
From a total of 12 analysts covering DCT Industrial Trust (NYSE:DCT) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 43% of the ratings are positive. The highest target price is $42 while the lowest target price is $36. The mean of all analyst targets is $38.92 with a 0.14% above today’s ($36.45) stock price. DCT Industrial Trust was the topic of 4 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. KeyBanc Capital Markets upgraded shares on September 14 to “Overweight” rating. TheStreet downgraded DCT stock in a recent report from September 2 to “Hold” rating.
Approximately 731,169 shares of stock traded hands or 11.86% up from the average. DCT Industrial Trust Inc (NYSE:DCT) has risen 9.37% since May 8, 2015 and is uptrending. It has outperformed by 12.38% the S&P500.
The overall sentiment of institutions has is 1.1 in Q2 2015. Its the same as in 2015Q2. The ratio is without change, as 11 institutions have sold all the shares of DCT Industrial Trust Inc that they owned while 60 funds have taken shares off the table. only 17 funds have purchased shares for the first time while 61 added to their positions. These institutions now hold 103.28 million shares or 15.01% more than the 89.80 million shares they owned in 2015Q2.
The Fund Starwood Real Estate Securities Llc currently is holding shares equating to 2.41% of its total portfolio in DCT Industrial Trust Inc representing a total of 132,430 shares. Another fund,Eii Capital Management Inc., is holding a total of 356,700 shares equating to 1.95% of their holdings. Additionally, Cbre Clarion Securities Llc has a 6.92 million share stake in DCT Industrial Trust Inc which represents 1.92% of their total portfolio. The Fund, Duff & Phelps Investment Management Co, based out of Illinois, has also built up a stake in the stock, which represents a total of 1.33% of their total portfolio. Finally Fiduciary Management Associates Llc, a fund which is based in the state of Illinois reported a total holdings of 504,435 shares.
DCT Industrial Trust Inc. is an industrial real estate company. The company has a market cap of $3.25 billion. The Firm 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 has 37.98 P/E ratio. It conducts its business through a majority owned and controlled subsidiary, DCT Industrial Operating Partnership LP.
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.” Get a free copy of the Zacks research report on DCT Industrial Trust Inc (DCT).