Jefferies Starts DCT Industrial Trust (DCT) at Hold, Price Target $5

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Jefferies initiates coverage on DCT Industrial Trust Inc. (NYSE: DCT) with a Hold rating and a price target of $5. The firm reports that they like the company's portfolio and thinks that their valuation looks attractive. They do not feel like the company has any new plans to increase earnings. Jefferies posted FFO/revenus estimates for FY10-12 of $0.38/$237.6M, $0.35/$254.8M, $0.38/$280.2M. They just do not see any potential in the secondary markets and conservative development plans that DCT continues to focus on.

For more ratings news on DCT Industrial Trust Inc. click here and for the rating history of DCT Industrial Trust Inc. click here.

Shares of DCT Industrial Trust Inc. closed at $5.38 yesterday, with a 52 week range of $3.61-$5.73.

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