DCT Industrial Trust Receives a Hold from Mizuho SecuritiesBy Carrie Williams
In a report released today, Richard Anderson from Mizuho Securities assigned a Hold rating to DCT Industrial Trust (NYSE: DCT ), with a price target of $48. The company’s shares closed last Friday at $44.91.
According to TipRanks.com, Anderson is a 3-star analyst with an average return of 2.0% and a 59.6% success rate. Anderson covers the Financial sector, focusing on stocks such as Hudson Pacific Properties, Office Properties Trust, and Care Capital Properties.
DCT Industrial Trust has an analyst consensus of Hold.
Based on DCT Industrial Trust’s latest earnings report from June 30, the company posted quarterly revenue of $109.8M and quarterly net profit of $21.42M. In comparison, last year the company earned revenue of $92.92M and had a net profit of $8.46M.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2016, John Okeeffe, a Director at DCT sold 2,250 shares for a total of $102,623.
DCT Industrial Trust, Inc. operates as an industrial real estate company, which 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. The company operates its business through its subsidiary, DCT Industrial Operating Partnership LP. DCT Industrial Trust was founded by Thomas G. Wattles and Mark Donovan Quam on April 12, 2002 and is headquartered in Denver, CO.