Mizuho Securities Starts DCT Industrial Trust Inc. (DCT) at Neutral

September 28, 2016 6:26 AM EDT
Get Alerts DCT Hot Sheet
Price: $47.27 -0.4%

Rating Summary:
    8 Buy, 13 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
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Mizuho Securities initiates coverage on DCT Industrial Trust Inc. (NYSE: DCT) with a Neutral rating and a price target of $51.00.

Analyst Richard Anderson commented, "Infill story of slightly larger scale versus EGP (average building size is 162ksf), but one that registers as more fully-priced. DCT appears to have earned credit for its well-timed portfolio/balance sheet repositioning effort, which included the exit from Mexico in 2013. We also note that our modeling effort suggested that DCT has the most visible upside to earnings growth relative to current guidance, for which we assign a higher target NAV premium. But even that wasn’t enough to offset the elevated valuation metrics."

For an analyst ratings summary and ratings history on DCT Industrial Trust Inc. click here. For more ratings news on DCT Industrial Trust Inc. click here.

Shares of DCT Industrial Trust Inc. closed at $48.91 yesterday.



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