Stratos Wealth Partners LTD. lessened its position in shares of DCT Industrial Trust Inc (NYSE:DCT) by 19.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,710 shares of the real estate investment trust’s stock after selling 1,870 shares during the period. Stratos Wealth Partners LTD.’s holdings in DCT Industrial Trust were worth $447,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of DCT Industrial Trust by 13.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,780 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 333 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of DCT Industrial Trust by 397.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 2,237 shares during the last quarter. Oakbrook Investments LLC bought a new stake in shares of DCT Industrial Trust in the 2nd quarter worth approximately $202,000. Parametrica Management Ltd bought a new stake in shares of DCT Industrial Trust in the 3rd quarter worth approximately $214,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of DCT Industrial Trust in the 2nd quarter worth approximately $303,000. 95.16% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the company. BidaskClub raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research cut DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Janney Montgomery Scott assumed coverage on DCT Industrial Trust in a research report on Friday, September 29th. They issued a “neutral” rating and a $59.00 target price on the stock. ValuEngine cut DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $60.00 target price (up from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. DCT Industrial Trust has an average rating of “Hold” and a consensus target price of $57.40.
DCT Industrial Trust Inc (DCT) traded down $0.67 on Monday, reaching $59.34. The company had a trading volume of 604,562 shares, compared to its average volume of 481,292. DCT Industrial Trust Inc has a 12-month low of $43.95 and a 12-month high of $61.53. The company has a current ratio of 0.87, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The firm has a market cap of $5,588.90, a PE ratio of 24.90, a P/E/G ratio of 5.81 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The company had revenue of $105.18 million for the quarter, compared to analysts’ expectations of $105.96 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. equities analysts predict that DCT Industrial Trust Inc will post 2.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, December 21st. This is a boost from DCT Industrial Trust’s previous quarterly dividend of $0.31. This represents a $1.44 annualized dividend and a dividend yield of 2.43%. DCT Industrial Trust’s dividend payout ratio (DPR) is 112.73%.
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DCT Industrial Trust Profile
DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company specializes in the ownership, acquisition, development, leasing and management of bulk-distribution and light-industrial properties located in various distribution markets in the United States. The Company operates through three segments: East, Central and West.
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