CapitalOne upgraded DCT Industrial Trust (NYSE:DCT) from Underweight to Equal Weight in a report released today.
- Updated: October 17, 2016
Yesterday DCT Industrial Trust (NYSE:DCT) traded 1.29% higher at $46.55. The company’s 50-day moving average is $47.80 and its 200-day moving average is $45.49. The last closing price is up 3.64% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 202,662 shares of the stock traded hands, down from an average trading volume of 571,618
CapitalOne has upgraded DCT Industrial Trust (NYSE:DCT) from Underweight to Equal Weight in a report released on 10/17/2016.
Previously on 09/29/2016, Zacks Investment Research reported on DCT Industrial Trust (NYSE:DCT) increased the target price from $0.00 to $55.00. At the time, this indicated a possible upside of 0.11%.
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DCT Industrial Trust has a 52 week low of $32.88 and a 52 week high of $50.57 with a P/E ratio of 40.61 The company’s market cap is currently $0.
In addition to CapitalOne reporting its stock price target, a total of 12 brokers have issued a research note on DCT Industrial Trust. The 12-month price target is $44.21 with three analysts rating the company a strong buy, four analysts rating the company a buy, seven analysts rating the company a hold, zero firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About DCT Industrial Trust (NYSE:DCT)
DCT Industrial Trust Inc. (DCT) is an industrial real estate company. The Company 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 Company operates in three segments: East, Central and West. The Company conducts its business through an owned and controlled subsidiary, DCT Industrial Operating Partnership LP (Operating Partnership). The Company 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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