DCT Industrial Trust Inc. DCT was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $55.01 to $58.75 in the past one month time frame.
The upside was driven by the news of a potential buyout of the real estate company by Prologis Inc.
The company has seen estimate revision of just one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
DCT Industrial currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock in the REIT and Equity Trust – Other industry is Innovative Industrial Properties, Inc. IIPR, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is DCT going up? Or down? Predict to see what others think: Up or Down
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment