DCT Industrial Trust Inc (DCT) : 4 brokerage houses believe that DCT Industrial Trust Inc (DCT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on DCT Industrial Trust Inc (DCT). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.13.
DCT Industrial Trust Inc (DCT) : The highest level DCT Industrial Trust Inc (DCT) is projected to reach is $53 for the short term and the lowest estimate is at $43. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $49.08 and the possibility the share price can swing is $4.05.
Also, BTIG Research initiates coverage on DCT Industrial Trust Inc (NYSE:DCT) The shares have been rated Neutral. The rating by the firm was issued on August 25, 2016.
DCT Industrial Trust Inc (NYSE:DCT): After opening at $46.63, the stock dipped to an intraday low of $46.27 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $46.95 and the buying power remained strong till the end. The stock closed at $46.88 for the day, a gain of 0.84% for the day session. The total traded volume was 798,289. The stocks close on the previous trading day was $46.49.
DCT Industrial Trust Inc. is an industrial real estate company. The Company 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. It conducts its business through a majority owned and controlled subsidiary, DCT Industrial Operating Partnership LP. The Company operates in three segments: East, Central and West. Its portfolio primarily consists of bulk distribution warehouses and light industrial properties. The Company holds interests in around 72.3 million square feet of properties, which include approximately 62.0 million square feet comprising 393 consolidated operating properties; around 8.1 million square feet comprising 24 unconsolidated properties; approximately 0.8 million square feet comprising six consolidated properties under redevelopment, and around 1.4 million square feet comprising seven consolidated buildings which are in lease-up.