Asset Management One Co. Ltd. boosted its position in shares of DCT Industrial Trust Inc (NYSE:DCT) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 259,224 shares of the real estate investment trust’s stock after buying an additional 6,212 shares during the period. Asset Management One Co. Ltd. owned 0.28% of DCT Industrial Trust worth $15,016,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DCT. PNC Financial Services Group Inc. grew its stake in shares of DCT Industrial Trust by 8.8% in 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 stake 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 valued at $163,000 after purchasing an additional 2,237 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of DCT Industrial Trust in the 3rd quarter valued at approximately $176,000. Parametrica Management Ltd purchased a new position in shares of DCT Industrial Trust in the 3rd quarter valued at approximately $214,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of DCT Industrial Trust in the 3rd quarter valued at approximately $234,000. 95.16% of the stock is currently owned by institutional investors.
DCT has been the topic of several analyst reports. J P Morgan Chase & Co downgraded DCT Industrial Trust from a “neutral” rating to an “underweight” rating in a research note on Friday. Citigroup lifted their target price on DCT Industrial Trust from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. SunTrust Banks reiterated a “hold” rating and issued a $56.00 target price on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Tuesday, October 10th. Finally, Jefferies Group reiterated a “hold” rating and issued a $59.00 target price on shares of DCT Industrial Trust in a research note on Friday, November 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $57.40.
Shares of DCT Industrial Trust Inc (DCT) opened at $59.36 on Friday. The company has a quick ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.84. DCT Industrial Trust Inc has a 12 month low of $43.95 and a 12 month high of $61.53. The firm has a market capitalization of $5,517.19, a P/E ratio of 24.58, a P/E/G ratio of 5.64 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, beating 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 return on equity of 5.16% and a net margin of 24.39%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. research analysts anticipate that DCT Industrial Trust Inc will post 2.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 22nd will be issued 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 yield of 2.43%. DCT Industrial Trust’s payout ratio is currently 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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