Market Overview

UPDATE: Stifel Nicolaus Downgrades DCT Industrial Trust to Hold on Valuation

Share:
Related DCT
Stifel Upgrades DCT Industrial Trust And Douglas Emmett
Keep An Eye On STAG Industrial's 16.8% October Gain
JPMorgan swaps some REIT ratings (Seeking Alpha)

Stifel Nicolaus reduced its rating on DCT Industrial Trust (NYSE: DCT) from Buy to Hold and removed its previous $6.50 price target.

Stifel Nicolaus said, "We are downgrading to Hold from Buy due to 1) a very full valuation of an implied NOI/Cash Flow/CF less G&A cap rate of 6.3%/5.0%/4.1%, 2) our expectation that DCT Industrial sales for the remainder of 2012 may be at higher than expected cap rates, which will put pressure on 2013 valuation metrics, 3) we think other industrial REITs offer better current valuation metrics or better evolving platforms."

DCT Industrial Trust closed at $6.50 on Wednesday.

Latest Ratings for DCT

DateFirmActionFromTo
Jan 2015JP MorganUpgradesNeutralOverweight
Dec 2014Stifel NicolausUpgradesHoldBuy
Nov 2014JP MorganMaintainsNeutral

View More Analyst Ratings for DCT
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (DCT)

Around the Web, We're Loving...

Get Benzinga's Newsletters