Zacks Investment Research reported on DCT Industrial Trust Inc (NYSE:DCT), stepping up its price target to $55.00 earlier today
- Updated: September 29, 2016
Displaying a price of $49.48, DCT Industrial Trust Inc (NYSE:DCT) traded -1.37% lower on the day. The last closing price is up 8.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. DCT has recorded a 50-day moving average of $48.52 and a 200-day moving average of $44.94. Trade Volume was down over the average, with 351,323 shares of DCT changing hands under the typical 594,047
Reporting a possible upside of 0.11%, Zacks Investment Research bumped up the target of DCT Industrial Trust Inc (NYSE:DCT) to $55.00
On Wednesday September 28, 2016, Mizuho released a statement about DCT Industrial Trust Inc (NYSE:DCT) raised the target price from $0.00 to $51.00. At the time, this indicated a possible upside of 0.04%.
Recent Performance Chart
DCT Industrial Trust Inc has a 52 week low of $32.88 and a 52 week high of $50.57 with a PE ratio of 42.03 DCT’s total market value is presently $0.
A total of 12 firms have reported on the stock. Three equity analysts rating the company a strong buy, 4 firms rating the company a buy, seven brokers rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 firms rating the stock a sell with a one year target of $44.21.
More About DCT Industrial Trust Inc (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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