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.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Industrial REITs
- Sub-Industry: Industrial REITs
- Symbol: NYSE:DCT
- CUSIP: 23315310
- Web: www.dctindustrial.com
Capitalization:- Market Cap: $5.5456 billion
- Outstanding Shares: 93,078,000
Average Prices:- 50 Day Moving Avg: $57.54
- 200 Day Moving Avg: $53.07
- 52 Week Range: $42.96 - $60.02
P/E:- Trailing P/E Ratio: 59.59
- Foreward P/E Ratio: 23.23
- P/E Growth: -2.34
Sales & Book Value:- Annual Revenue: $418.17 million
- Price / Sales: 13.24
- Book Value: $20.70 per share
- Price / Book: 2.87
Dividend:- Annual Dividend: $1.24
- Dividend Yield: 2.1%
Profitability:- EBIDTA: $286.65 million
- Net Margins: 22.20%
- Return on Equity: 4.69%
- Return on Assets: 2.43%
Debt:- Debt-to-Equity Ratio: 0.80%
- Current Ratio: 1.07%
- Quick Ratio: 1.07%
Misc:- Average Volume: 422,598 shs.
- Beta: 0.95
- Short Ratio: 3.92
Frequently Asked Questions for DCT Industrial Trust (NYSE:DCT)
What is DCT Industrial Trust's stock symbol?
DCT Industrial Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "DCT."
How often does DCT Industrial Trust pay dividends? What is the dividend yield for DCT Industrial Trust?
DCT Industrial Trust declared a quarterly dividend on Friday, August 4th. Shareholders of record on Friday, October 6th will be given a dividend of $0.31 per share on Wednesday, October 18th. This represents a $1.24 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, October 5th. View DCT Industrial Trust's Dividend History.
How were DCT Industrial Trust's earnings last quarter?
DCT Industrial Trust Inc (NYSE:DCT) announced its earnings results on Thursday, August, 3rd. The company reported $0.60 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.60. The firm had revenue of $104.50 million for the quarter, compared to analyst estimates of $106.54 million. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 EPS. View DCT Industrial Trust's Earnings History.
When will DCT Industrial Trust make its next earnings announcement?
What guidance has DCT Industrial Trust issued on next quarter's earnings?
DCT Industrial Trust issued an update on its FY17 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $2.39-2.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.42.
Where is DCT Industrial Trust's stock going? Where will DCT Industrial Trust's stock price be in 2017?
7 analysts have issued 12 month target prices for DCT Industrial Trust's shares. Their forecasts range from $47.00 to $61.00. On average, they anticipate DCT Industrial Trust's share price to reach $53.00 in the next twelve months. View Analyst Ratings for DCT Industrial Trust.
Who are some of DCT Industrial Trust's key competitors?
Some companies that are related to DCT Industrial Trust include Regency Centers Corporation (REG), Unum Group (UNM), Arthur J. Gallagher & Co. (AJG), Athene Holding (ATH), Duke Realty Corporation (DRE), Iron Mountain Incorporated (IRM), United Dominion Realty Trust (UDR), Woori Bank (WF), Land Securities Group PLC (LSGOF), Ally Financial (ALLY), XL Group (XL), Affiliated Managers Group (AMG), Schroders Vtg (SHNWF), Extra Space Storage (EXR), iShares Nasdaq Biotechnology Index Fund (IBB), SL Green Realty Corporation (SLG), Ageas SA (AGESY) and Everest Re Group (RE).
Who are DCT Industrial Trust's key executives?
DCT Industrial Trust's management team includes the folowing people:
- Thomas F. August, Independent Chairman of the Board
- Philip L. Hawkins, President, Chief Executive Officer, Director
- Matthew T. Murphy, Chief Financial Officer, Treasurer
- John G. Spiegleman, Executive Vice President, General Counsel, Secretary
- Teresa L. Corral, Executive Vice President - Investments and Portfolio Management
- Charla K. Rios, Executive Vice President - Property Management
- Neil P. Doyle, Managing Director, Central Region
- John V. Pharris, Managing Director, West Region
- Michael J. Ruen, Managing Director, East Region
- Marilyn A. Alexander, Independent Director
Who owns DCT Industrial Trust stock?
DCT Industrial Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (15.73%), FMR LLC (12.47%), BlackRock Inc. (11.51%), State Street Corp (4.38%), Cbre Clarion Securities LLC (3.77%) and APG Asset Management US Inc. (2.78%). Company insiders that own DCT Industrial Trust stock include Jeff Phelan, John C Okeeffe, John V Pharris, Mark Skomal, Matthew T Murphy, Neil Doyle, Philip L Hawkins, Teresa Corral and Thomas G Wattles. View Institutional Ownership Trends for DCT Industrial Trust.
Who sold DCT Industrial Trust stock? Who is selling DCT Industrial Trust stock?
DCT Industrial Trust's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Cbre Clarion Securities LLC, Balyasny Asset Management LLC, Duff & Phelps Investment Management Co., KBC Group NV, Neuberger Berman Group LLC, Adelante Capital Management LLC and JPMorgan Chase & Co.. Company insiders that have sold DCT Industrial Trust stock in the last year include John C Okeeffe, Mark Skomal, Matthew T Murphy and Philip L Hawkins. View Insider Buying and Selling for DCT Industrial Trust.
Who bought DCT Industrial Trust stock? Who is buying DCT Industrial Trust stock?
DCT Industrial Trust's stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, Bank of New York Mellon Corp, Renaissance Technologies LLC, Standard Life Investments LTD, Los Angeles Capital Management & Equity Research Inc., Macquarie Group Ltd., Federated Investors Inc. PA and Bank of Montreal Can. View Insider Buying and Selling for DCT Industrial Trust.
How do I buy DCT Industrial Trust stock?
Shares of DCT Industrial Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is DCT Industrial Trust's stock price today?
One share of DCT Industrial Trust stock can currently be purchased for approximately $59.47.
MarketBeat Community Rating for DCT Industrial Trust (NYSE DCT)MarketBeat's community ratings are surveys of what our community members think about DCT Industrial Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for DCT Industrial Trust (NYSE:DCT) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 5 Hold Ratings, 2 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.29) |
| Consensus Price Target: | $53.00 (10.88% downside) |
Analysts' Ratings History for DCT Industrial Trust (NYSE:DCT)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/11/2017 | BMO Capital Markets | Reiterated Rating | Market Perform | $61.00 | Low |  |
| 8/9/2017 | Stifel Nicolaus | Reiterated Rating | Buy | $58.00 -> $60.00 | Low | |
| 6/23/2017 | Jefferies Group LLC | Initiated Coverage | Hold | $53.00 | Low | |
| 5/15/2017 | Citigroup Inc. | Reiterated Rating | Neutral | $49.00 -> $52.00 | Low | |
| 2/8/2017 | Capital One Financial Corporation | Upgrade | Equal Weight -> Overweight | $50.00 | N/A | |
| 12/16/2016 | J P Morgan Chase & Co | Downgrade | Overweight -> Neutral | $47.00 | N/A | |
| 11/7/2016 | Mizuho | Lower Price Target | Neutral | $51.00 -> $48.00 | N/A | |
| 8/25/2016 | BTIG Research | Initiated Coverage | Neutral | | N/A | |
| 5/23/2016 | Evercore ISI | Downgrade | Buy -> Hold | $44.00 | N/A | |
| 4/21/2016 | Raymond James Financial, Inc. | Initiated Coverage | Outperform | $43.00 | N/A | |
| 3/16/2016 | Credit Suisse Group | Initiated Coverage | Neutral | $40.00 | N/A | |
(Data available from 9/19/2015 forward)
Earnings History for DCT Industrial Trust (NYSE:DCT)Earnings History by Quarter for DCT Industrial Trust (NYSE DCT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/1/2017 | | $0.16 | | | | | N/A | |
| 8/3/2017 | Q2 2017 | $0.60 | $0.60 | $106.54 million | $104.50 million | View | Listen | |
| 5/4/2017 | Q1 2017 | $0.58 | $0.61 | $103.61 million | $105.90 million | View | Listen | |
| 2/2/2017 | Q416 | $0.57 | $0.59 | $101.68 million | $102.23 million | View | Listen | |
| 11/3/2016 | Q316 | $0.55 | $0.60 | $63.71 million | $100.27 million | View | N/A | |
| 8/4/2016 | Q216 | $0.54 | $0.54 | $94.94 million | $95.90 million | View | N/A | |
| 5/5/2016 | Q116 | $0.51 | $0.54 | $89.99 million | $94.40 million | View | N/A | |
| 2/4/2016 | Q415 | $0.51 | $0.53 | $89.61 million | $89.29 million | View | N/A | |
| 10/29/2015 | Q315 | $0.50 | $0.50 | $89.35 million | $88.40 million | View | Listen | |
| 7/30/2015 | Q215 | $0.48 | $0.20 | $88.87 million | $88.54 million | View | Listen | |
| 4/30/2015 | Q115 | $0.47 | $0.32 | $85.56 million | $88.40 million | View | N/A | |
| 2/5/2015 | Q414 | $0.48 | $0.47 | $85.51 million | $84.90 million | View | N/A | |
| 10/30/2014 | Q314 | $0.12 | $0.12 | $85.20 million | $84.60 million | View | N/A | |
| 7/31/2014 | Q214 | $0.12 | $0.12 | $83.38 million | $83.16 million | View | N/A | |
| 5/1/2014 | Q114 | $0.11 | $0.11 | $77.85 million | $83.40 million | View | N/A | |
| 2/6/2014 | Q413 | $0.11 | $0.11 | $74.88 million | $77.10 million | View | N/A | |
| 10/31/2013 | Q313 | $0.11 | $0.12 | $74.60 million | $74.35 million | View | N/A | |
| 8/1/2013 | Q2 2013 | $0.11 | $0.11 | $73.15 million | $73.64 million | View | N/A | |
| 5/2/2013 | Q1 2013 | $0.10 | $0.11 | $70.14 million | $73.20 million | View | N/A | |
| 2/7/2013 | Q4 2012 | $0.10 | $0.11 | $68.76 million | $69.40 million | View | N/A | |
| 11/1/2012 | Q312 | $0.10 | $0.10 | $64.92 million | $68.26 million | View | N/A | |
| 8/2/2012 | | $0.10 | $0.10 | | | View | N/A | |
| 5/2/2012 | | $0.10 | $0.11 | | | View | N/A | |
| 2/9/2012 | | $0.10 | $0.11 | | | View | N/A | |
| 11/1/2011 | | $0.09 | $0.10 | | | View | N/A | |
| 8/4/2011 | | $0.09 | $0.10 | | | View | N/A | |
| 5/2/2011 | | $0.09 | $0.09 | | | View | N/A | |
| 2/8/2011 | | $0.10 | $0.10 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for DCT Industrial Trust (NYSE:DCT)2017 EPS Consensus Estimate: $2.38
2018 EPS Consensus Estimate: $2.56
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $0.57 | $0.58 | $0.57 |
| Q2 2017 | 4 | $0.58 | $0.60 | $0.59 |
| Q3 2017 | 4 | $0.60 | $0.61 | $0.61 |
| Q4 2017 | 4 | $0.60 | $0.63 | $0.62 |
| Q1 2018 | 1 | $0.61 | $0.61 | $0.61 |
| Q2 2018 | 1 | $0.64 | $0.64 | $0.64 |
| Q3 2018 | 1 | $0.65 | $0.65 | $0.65 |
| Q4 2018 | 1 | $0.66 | $0.66 | $0.66 |
(Data provided by Zacks Investment Research)
Current Dividend Information for DCT Industrial Trust (NYSE:DCT)| Next Dividend: | 10/18/2017 |
| Annual Dividend: | $1.24 |
| Dividend Yield: | 2.09% |
| Dividend Growth: | 1.20% (3 Year Average) |
| Payout Ratio: | 125.25% (Trailing 12 Months of Earnings)
51.03% (Based on This Year's Estimates)
48.44% (Based on Next Year's Estimates)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
Dividend History by Quarter for DCT Industrial Trust (NYSE DCT)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/4/2017 | quarterly | $0.31 | 2.18% | 10/5/2017 | 10/6/2017 | 10/18/2017 |
| 5/11/2017 | quarterly | $0.31 | 2.42% | 6/28/2017 | 6/30/2017 | 7/12/2017 |
| 2/3/2017 | quarterly | $0.31 | 2.69% | 3/29/2017 | 3/31/2017 | 4/12/2017 |
| 11/4/2016 | quarterly | $0.31 | 2.76% | 12/21/2016 | 12/23/2016 | 1/5/2017 |
| 8/5/2016 | quarterly | $0.29 | 2.37% | 10/5/2016 | 10/7/2016 | 10/19/2016 |
| 5/6/2016 | quarterly | $0.29 | 2.76% | 6/29/2016 | 7/1/2016 | 7/13/2016 |
| 2/8/2016 | quarterly | $0.29 | 3.33% | 3/30/2016 | 4/1/2016 | 4/13/2016 |
| 11/11/2015 | quarterly | $0.29 | 3.15% | 12/22/2015 | 12/24/2015 | 1/7/2016 |
| 7/31/2015 | quarterly | $0.28 | 3.22% | 9/30/2015 | 10/2/2015 | 10/14/2015 |
| 5/4/2015 | quarterly | $0.28 | 3.31% | 6/30/2015 | 7/2/2015 | 7/15/2015 |
| 2/6/2015 | quarterly | $0.28 | 3.03% | 3/31/2015 | 4/3/2015 | 4/15/2015 |
| 10/30/2014 | quarterly | $0.28 | 13.07% | 12/22/2014 | 12/24/2014 | 1/10/2015 |
| 7/31/2014 | quarterly | $0.07 | 3.56% | 10/1/2014 | 10/3/2014 | 10/15/2014 |
| 5/1/2014 | quarterly | $0.07 | 3.55% | 7/1/2014 | 7/3/2014 | 7/16/2014 |
| 2/6/2014 | quarterly | $0.07 | 3.67% | 4/2/2014 | 4/4/2014 | 4/16/2014 |
| 10/31/2013 | quarterly | $0.07 | 3.54% | 12/24/2013 | 12/27/2013 | 1/9/2014 |
| 8/1/2013 | quarterly | $0.07 | 3.82% | 10/2/2013 | 10/4/2013 | 10/16/2013 |
| 5/3/2013 | quarterly | $0.07 | 3.5% | 7/2/2013 | 7/5/2013 | 7/17/2013 |
| 2/7/2013 | quarterly | $0.07 | 3.93% | 4/3/2013 | 4/5/2013 | 4/17/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for DCT Industrial Trust (NYSE:DCT)Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 95.42%
Insider Trades by Quarter for DCT Industrial Trust (NYSE:DCT)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/25/2017 | John C. Okeeffe | Director | Sell | 1,750 | $57.95 | $101,412.50 | |
| 6/5/2017 | Mark Skomal | Insider | Sell | 1,320 | $53.66 | $70,831.20 | |
| 6/1/2017 | Matthew T Murphy | CFO | Sell | 7,481 | $52.90 | $395,744.90 | |
| 5/10/2017 | Philip L Hawkins | Insider | Sell | 19,731 | $51.39 | $1,013,976.09 | |
| 12/2/2016 | Matthew T Murphy | CFO | Sell | 16,170 | $45.41 | $734,279.70 | |
| 6/9/2016 | John C Okeeffe | Director | Sell | 2,250 | $45.61 | $102,622.50 | |
| 5/20/2016 | Mark Skomal | CAO | Sell | 1,200 | $42.00 | $50,400.00 | |
| 5/13/2016 | Neil Doyle | Director | Sell | 15,000 | $42.52 | $637,800.00 | |
| 5/10/2016 | John V Pharris | Director | Sell | 5,807 | $43.09 | $250,223.63 | |
| 3/11/2016 | Teresa Corral | EVP | Sell | 1,419 | $38.01 | $53,936.19 | |
| 3/3/2016 | Philip L Hawkins | CEO | Sell | 26,000 | $37.64 | $978,640.00 | |
| 2/26/2016 | John V Pharris | Director | Sell | 2,722 | $36.53 | $99,434.66 | |
| 12/18/2015 | Matthew T Murphy | CFO | Sell | 2,700 | $37.18 | $100,386.00 | |
| 12/17/2015 | Thomas G Wattles | Chairman | Sell | 35,000 | $37.79 | $1,322,650.00 | |
| 12/15/2015 | Jeff Phelan | President | Sell | 28,470 | $37.00 | $1,053,390.00 | |
| 12/2/2015 | John C Okeeffe | Director | Sell | 10,500 | $38.52 | $404,460.00 | |
| 12/1/2015 | Jeff Phelan | President | Sell | 28,637 | $38.53 | $1,103,383.61 | |
| 12/1/2015 | Mark Skomal | CAO | Sell | 2,142 | $38.51 | $82,488.42 | |
| 3/16/2015 | John V Pharris | Director | Sell | 4,255 | $34.40 | $146,372.00 | |
| 12/15/2014 | Thomas G Wattles | Chairman | Sell | 28,241 | $33.50 | $946,073.50 | |
| 12/9/2014 | Philip L Hawkins | CEO | Sell | 20,000 | $34.44 | $688,800.00 | |
| 2/12/2014 | Philip Hawkins | CEO | Sell | 125,000 | $7.67 | $958,750.00 | |
| 5/31/2013 | Bruce L Warwick | Director | Sell | 20,000 | $7.40 | $148,000.00 | |
| 5/10/2013 | Mark Skomal | CAO | Sell | 7,150 | $8.25 | $58,987.50 | |
| 5/10/2013 | Teresa Corral | EVP | Sell | 51,224 | $8.22 | $421,061.28 | |
| 5/7/2013 | Matthew T Murphy | CFO | Sell | 30,000 | $8.24 | $247,200.00 | |
| 5/7/2013 | Philip L Hawkins | CEO | Sell | 125,000 | $8.26 | $1,032,500.00 | |
| 5/7/2013 | Thomas G Wattles | Chairman | Sell | 376,895 | $8.26 | $3,113,152.70 | |
| 12/3/2012 | Matthew T Murphy | CFO | Sell | 32,000 | $6.30 | $201,600.00 | |
| 11/26/2012 | Philip L Hawkins | CEO | Sell | 100,000 | $6.32 | $632,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for DCT Industrial Trust (NYSE:DCT)
Latest Headlines for DCT Industrial Trust (NYSE:DCT)
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DCT Industrial Trust (DCT) Chart for Tuesday, September, 19, 2017
