Barings LLC Invests $631,000 in DCT Industrial Trust Inc (DCT)

Barings LLC purchased a new stake in shares of DCT Industrial Trust Inc (NYSE:DCT) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 10,900 shares of the real estate investment trust’s stock, valued at approximately $631,000.

Other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of DCT Industrial Trust by 8.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 246 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of DCT Industrial Trust by 397.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 2,237 shares during the last quarter. Quantbot Technologies LP acquired a new stake in DCT Industrial Trust during the 3rd quarter worth approximately $176,000. Parametrica Management Ltd acquired a new stake in DCT Industrial Trust during the 3rd quarter worth approximately $214,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in DCT Industrial Trust during the 3rd quarter worth approximately $234,000. 95.16% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on DCT shares. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Wednesday, November 8th. Citigroup lifted their target price on shares of DCT Industrial Trust from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. BidaskClub upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. ValuEngine upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Jefferies Group reiterated a “hold” rating and set a $59.00 target price on shares of DCT Industrial Trust in a research report on Friday, November 24th. One 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 presently has an average rating of “Hold” and a consensus target price of $57.40.

DCT Industrial Trust Inc (NYSE DCT) opened at $59.34 on Tuesday. The stock has a market cap of $5,588.90, a P/E ratio of 24.90, a PEG ratio of 5.81 and a beta of 0.95. DCT Industrial Trust Inc has a 1 year low of $43.95 and a 1 year high of $61.53. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.87 and a quick ratio of 1.07.

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, topping the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $105.18 million for the quarter, compared to the consensus estimate of $105.96 million. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. equities research analysts forecast that DCT Industrial Trust Inc will post 2.44 earnings per share 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 $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s payout ratio is 112.73%.

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DCT Industrial Trust Company 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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Institutional Ownership by Quarter for DCT Industrial Trust (NYSE:DCT)

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