DCT Industrial Trust Inc (NYSE:DCT) Reaching An Inflection Point; BMO Capital Initiates Shares At Hold with $55.0 target

September 17, 2017 - By Adrian Erickson

 DCT Industrial Trust Inc (NYSE:DCT) Reaching An Inflection Point; BMO Capital Initiates Shares At Hold with $55.0 target

Investors sentiment increased to 1.87 in Q4 2016. Its up 0.79, from 1.08 in 2016Q3. It increased, 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.

State Treasurer State Of Michigan invested 0.01% in DCT Industrial Trust Inc (NYSE:DCT). Great West Life Assurance Can reported 94,381 shares. Adams Diversified Equity Fund Inc reported 0.07% in DCT Industrial Trust Inc (NYSE:DCT). Nuveen Asset Management Limited Liability Company has 2.05 million shares. Royal State Bank Of Canada owns 4,546 shares. Cibc Ww Mkts Incorporated has 0% invested in DCT Industrial Trust Inc (NYSE:DCT). Adelante Cap Lc holds 1.06 million shares. Rafferty Asset Mngmt Lc invested in 0.01% or 4,526 shares. Kennedy Management Inc owns 93,088 shares. The Switzerland-based Swiss Comml Bank has invested 0.01% in DCT Industrial Trust Inc (NYSE:DCT). Eaton Vance Mgmt invested 0.02% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT). Rothschild Asset Management holds 0.21% or 347,216 shares in its portfolio. Thrivent Fin For Lutherans invested in 0.01% or 54,443 shares. Stratos Wealth Prtn reported 0.03% in DCT Industrial Trust Inc (NYSE:DCT). Glob Endowment Lp holds 58,590 shares or 0.44% of its portfolio.

Since May 10, 2017, it had 0 buys, and 4 selling transactions for $1.63 million activity. Skomal Mark sold $70,831 worth of DCT Industrial Trust Inc (NYSE:DCT) on Monday, June 5. HAWKINS PHILIP L had sold 19,731 shares worth $1.01M. 7,481 DCT Industrial Trust Inc (NYSE:DCT) shares with value of $395,726 were sold by Murphy Matthew T.

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

BMO Capital analyst has initiated coverage on DCT Industrial Trust Inc (NYSE:DCT) with a $55.0 TP and Hold rating. The TP gives a potential downside of -7.69 % from firm’s current stock price.

Investors sentiment increased to 1.87 in Q4 2016. Its up 0.79, from 1.08 in 2016Q3. It increased, 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.

State Treasurer State Of Michigan invested 0.01% in DCT Industrial Trust Inc (NYSE:DCT). Great West Life Assurance Can reported 94,381 shares. Adams Diversified Equity Fund Inc reported 0.07% in DCT Industrial Trust Inc (NYSE:DCT). Nuveen Asset Management Limited Liability Company has 2.05 million shares. Royal State Bank Of Canada owns 4,546 shares. Cibc Ww Mkts Incorporated has 0% invested in DCT Industrial Trust Inc (NYSE:DCT). Adelante Cap Lc holds 1.06 million shares. Rafferty Asset Mngmt Lc invested in 0.01% or 4,526 shares. Kennedy Management Inc owns 93,088 shares. The Switzerland-based Swiss Comml Bank has invested 0.01% in DCT Industrial Trust Inc (NYSE:DCT). Eaton Vance Mgmt invested 0.02% of its portfolio in DCT Industrial Trust Inc (NYSE:DCT). Rothschild Asset Management holds 0.21% or 347,216 shares in its portfolio. Thrivent Fin For Lutherans invested in 0.01% or 54,443 shares. Stratos Wealth Prtn reported 0.03% in DCT Industrial Trust Inc (NYSE:DCT). Glob Endowment Lp holds 58,590 shares or 0.44% of its portfolio.

Since May 10, 2017, it had 0 buys, and 4 selling transactions for $1.63 million activity. Skomal Mark sold $70,831 worth of DCT Industrial Trust Inc (NYSE:DCT) on Monday, June 5. HAWKINS PHILIP L had sold 19,731 shares worth $1.01M. 7,481 DCT Industrial Trust Inc (NYSE:DCT) shares with value of $395,726 were sold by Murphy Matthew T.

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 rating was upgraded by CapitalOne to “Equal Weight” on Monday, October 17. The firm has “Neutral” rating given on Wednesday, September 28 by Mizuho. The stock has “Hold” rating by Evercore on Monday, May 23. The rating was downgraded by TheStreet to “Hold” on Wednesday, September 2. The rating was upgraded by Capital One to “Overweight” on Wednesday, February 8. The company was initiated on Wednesday, August 12 by Cowen & Co. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Monday, September 14 report. The rating was downgraded by Credit Suisse on Friday, December 11 to “Underperform”. As per Tuesday, September 8, the company rating was maintained by Evercore. On Wednesday, February 8 the stock rating was upgraded by CapitalOne to “Overweight”.

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.

Analysts await DCT Industrial Trust Inc (NYSE:DCT) to report earnings on November, 2. They expect $0.60 EPS, down 1.64 % or $0.01 from last year’s $0.61 per share. DCT’s profit will be $55.89M for 24.83 P/E if the $0.60 EPS becomes a reality. After $0.60 actual EPS reported by DCT Industrial Trust Inc for the previous quarter, Wall Street now forecasts 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: Seekingalpha.com, which released: “DCT Industrial Trust’s (DCT) CEO Phil Hawkins on Q2 2017 Results – Earnings …” on August 04, 2017. Businesswire.com‘s article titled: “Teresa Corral Selected as One of Real Estate Forum’s 2017 Women of Influence” and published on September 12, 2017 is yet another important article.

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