The firm also maintained its "overweight" rating on the Denver-based industrial real estate company.
"The industrial REITs have bounced back from a slow start in 2016 and are outpacing the REIT sector, with a 15% total return year-to-date (vs. +6% for the MSCI U.S. REIT Index)," Keybanc wrote in a note to investors earlier today.
Overall, fundamentals remain strong as continued demand from e-commerce and traditional industrial tenants and manageable new supply are supporting higher rents and new development opportunities for these REITs, according to the firm.
Within the industrial REIT group, Keybanc favors DCT Industrial, Prologis (PLD) and Terreno Realty (TRNO).
"We expect these names could have the best internal growth and are exposed to the positive tailwinds from e-commerce given infill portfolios, while some also have strong development platforms," Keybanc noted.
Shares of DCT Industrial are retreating 0.43% to $43.41 in after-hours trading on Thursday.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, good cash flow from operations and impressive record of earnings per share growth.
The team believes its strengths outweigh the fact that the company shows low profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: DCT