Jefferies analyst Omotayo Okusanya reiterated a Hold rating on DCT Industrial Trust Inc (NYSE: DCT) yesterday and set a price target of $67. The company’s shares closed yesterday at $64.66.
According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 7.5% and a 60.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Office Properties Trust, Physicians Realty Trust, and Mid-America Apartment.
Currently, the analyst consensus on DCT Industrial Trust Inc is a Hold with an average price target of $66.67.
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Based on DCT Industrial Trust Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $48.55 million. In comparison, last year the company had a net profit of $41.47 million.
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DCT Industrial Trust, Inc. is a real estate company, which specializes in the ownership, acquisition, development, leasing, and management of bulk distribution and light industrial properties located in high-volume distribution markets in the United States. It operates through the following segments: East, Central, and West.
