DCT Industrial Trust Inc (NYSE:DCT) Is Now Covered By BMO Capital. What can We Expect?

September 17, 2017 - By Darrin Black

 DCT Industrial Trust Inc (NYSE:DCT) Is Now Covered By BMO Capital. What can We Expect?

Investors sentiment increased to 1.87 in Q4 2016. Its up 0.79, from 1.08 in 2016Q3. It improved, as 23 investors sold DCT Industrial Trust Inc shares while 52 reduced holdings. 39 funds opened positions while 101 raised stakes. 86.77 million shares or 0.74% less from 87.42 million shares in 2016Q3 were reported.

Amp Cap Investors Limited holds 0.3% in DCT Industrial Trust Inc (NYSE:DCT) or 1.04M shares. 49,025 are owned by Presima. Millennium Mgmt Ltd Liability owns 0.22% invested in DCT Industrial Trust Inc (NYSE:DCT) for 2.15M shares. Quantitative Systematic Strategies Ltd Liability Company owns 38,016 shares. Ls Inv Ltd Liability Com holds 0.02% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT) for 6,130 shares. State Street accumulated 4.06M shares. Washington Tru Bank & Trust stated it has 0% in DCT Industrial Trust Inc (NYSE:DCT). Arizona State Retirement System accumulated 35,100 shares. Lazard Asset Mngmt Limited holds 0.03% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT) for 313,492 shares. Lpl Fincl Limited Com accumulated 11,489 shares or 0% of the stock. Macquarie has 386,277 shares for 0.04% of their portfolio. Riverhead Management Limited Com reported 6,800 shares or 0.02% of all its holdings. State Teachers Retirement holds 0% or 36,200 shares in its portfolio. Pggm Investments stated it has 0.22% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT). Advantus Capital invested in 0.01% or 11,313 shares.

Since May 10, 2017, it had 0 buys, and 4 insider sales for $1.63 million activity. HAWKINS PHILIP L sold 19,731 shares worth $1.01M. Murphy Matthew T sold $395,726 worth of DCT Industrial Trust Inc (NYSE:DCT) on Thursday, June 1. 1,320 shares were sold by Skomal Mark, worth $70,831.

Why Has BMO Capital Given DCT Industrial Trust Inc (NYSE:DCT) a $55.0 Price Target

In a research report issued to clients on 11 September, BMO Capital analyst has today has begun coverage for DCT Industrial Trust Inc (NYSE:DCT) shares with a Hold rating. The target price per share is exactly $55.0.

Investors sentiment increased to 1.87 in Q4 2016. Its up 0.79, from 1.08 in 2016Q3. It improved, as 23 investors sold DCT Industrial Trust Inc shares while 52 reduced holdings. 39 funds opened positions while 101 raised stakes. 86.77 million shares or 0.74% less from 87.42 million shares in 2016Q3 were reported.

Amp Cap Investors Limited holds 0.3% in DCT Industrial Trust Inc (NYSE:DCT) or 1.04M shares. 49,025 are owned by Presima. Millennium Mgmt Ltd Liability owns 0.22% invested in DCT Industrial Trust Inc (NYSE:DCT) for 2.15M shares. Quantitative Systematic Strategies Ltd Liability Company owns 38,016 shares. Ls Inv Ltd Liability Com holds 0.02% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT) for 6,130 shares. State Street accumulated 4.06M shares. Washington Tru Bank & Trust stated it has 0% in DCT Industrial Trust Inc (NYSE:DCT). Arizona State Retirement System accumulated 35,100 shares. Lazard Asset Mngmt Limited holds 0.03% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT) for 313,492 shares. Lpl Fincl Limited Com accumulated 11,489 shares or 0% of the stock. Macquarie has 386,277 shares for 0.04% of their portfolio. Riverhead Management Limited Com reported 6,800 shares or 0.02% of all its holdings. State Teachers Retirement holds 0% or 36,200 shares in its portfolio. Pggm Investments stated it has 0.22% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT). Advantus Capital invested in 0.01% or 11,313 shares.

Since May 10, 2017, it had 0 buys, and 4 insider sales for $1.63 million activity. HAWKINS PHILIP L sold 19,731 shares worth $1.01M. Murphy Matthew T sold $395,726 worth of DCT Industrial Trust Inc (NYSE:DCT) on Thursday, June 1. 1,320 shares were sold by Skomal Mark, worth $70,831.

DCT Industrial Trust Inc (NYSE:DCT) Ratings Coverage

Among 12 analysts covering DCT Industrial Trust (NYSE:DCT), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. DCT Industrial Trust has $61.0 highest and $36 lowest target. $45.83’s average target is -23.08% below currents $59.58 stock price. DCT Industrial Trust had 17 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, September 2 by TheStreet. The rating was upgraded by Capital One to “Overweight” on Wednesday, February 8. The stock has “Equal Weight” rating by CapitalOne on Monday, October 17. The stock of DCT Industrial Trust Inc (NYSE:DCT) earned “Hold” rating by Evercore on Monday, May 23. On Monday, November 7 the stock rating was maintained by Mizuho with “Neutral”. The rating was maintained by Evercore on Tuesday, September 8 with “Buy”. Mizuho initiated the shares of DCT in report on Wednesday, September 28 with “Neutral” rating. Credit Suisse downgraded DCT Industrial Trust Inc (NYSE:DCT) on Friday, December 11 to “Underperform” rating. The stock has “Neutral” rating by Credit Suisse on Friday, February 5. CapitalOne upgraded the stock to “Overweight” rating in Wednesday, February 8 report.

The stock increased 0.03% or $0.02 on September 15, reaching $59.58. About 718,024 shares traded or 79.73% up from the average. DCT Industrial Trust Inc (NYSE:DCT) has risen 26.55% since September 17, 2016 and is uptrending. It has outperformed by 9.85% the S&P500.

Wall Street await DCT Industrial Trust Inc (NYSE:DCT) to release earnings on November, 2. Analysts forecast earnings per share of $0.60, down exactly $0.01 or 1.64 % from 2014’s $0.61 EPS. The expected DCT’s profit could reach $55.89M giving the stock 24.83 P/E in the case that $0.60 earnings per share is reported. After posting $0.60 EPS for the previous quarter, DCT Industrial Trust Inc’s analysts now forecast 0.00 % EPS growth.

DCT Industrial Trust Inc. is an industrial real estate company. The company has market cap of $5.55 billion. The Firm 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. It has a 59.97 P/E ratio. The Firm operates through three divisions: East, Central and West.

More news for DCT Industrial Trust Inc (NYSE:DCT) were recently published by: Businesswire.com, which released: “Teresa Corral Selected as One of Real Estate Forum’s 2017 Women of Influence” on September 12, 2017. Seekingalpha.com‘s article titled: “DCT Industrial Trust’s (DCT) CEO Phil Hawkins on Q2 2017 Results – Earnings …” and published on August 04, 2017 is yet another important article.

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