Zacks Investment Research upgraded DCT Industrial Trust Inc (NYSE:DCT) to Hold in a report released today.
- Updated: April 20, 2017
Yesterday DCT Industrial Trust Inc (NYSE:DCT) traded 0.16% higher at $50.61. The company’s 50-day moving average is $48.12 and its 200-day moving average is $46.89. The last stock close price is up 8.11% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 359,740 shares of the stock were exchanged, down from an average trading volume of 554,729
Zacks Investment Research has upgraded DCT Industrial Trust Inc (NYSE:DCT) to Hold in a report released on 4/20/2017.
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DCT Industrial Trust Inc has a 52 week low of $39.18 and a 52 week high of $51.70 with a P/E ratio of 49.31 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 12 firms have issued a report on the stock. The consensus target price is $44.21 with 3 firms rating the stock a strong buy, 4 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About DCT Industrial Trust Inc (NYSE:DCT)
DCT Industrial Trust Inc. (DCT) is an industrial real estate company. The Company 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. The Company operates through three segments: East, Central and West. As of December 31, 2016, the Company owned interests in approximately 74.0 million square feet of properties leased to various customers, including 64.7 million square feet consisting of 401 consolidated operating properties that were 97.2% occupied; 7.8 million square feet consisting of 23 unconsolidated properties that were 97.8% occupied; 0.3 million square feet consisting of three consolidated properties under redevelopment, and 1.2 million square feet consisting of four consolidated properties. As of December 31, 2016, the Company's total consolidated portfolio consisted of 408 properties with an average size of 162,000 square feet.
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