Neuberger Berman Group LLC Cuts Stake in DCT Industrial Trust Inc (DCT)

Neuberger Berman Group LLC decreased its position in DCT Industrial Trust Inc (NYSE:DCT) by 22.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 733,594 shares of the real estate investment trust’s stock after selling 207,545 shares during the period. Neuberger Berman Group LLC owned about 0.79% of DCT Industrial Trust worth $42,490,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DCT. Principal Financial Group Inc. grew its holdings in DCT Industrial Trust by 207.4% in the third quarter. Principal Financial Group Inc. now owns 1,357,508 shares of the real estate investment trust’s stock valued at $78,627,000 after purchasing an additional 915,856 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in DCT Industrial Trust by 37.4% in the second quarter. Bank of New York Mellon Corp now owns 1,574,329 shares of the real estate investment trust’s stock valued at $84,132,000 after purchasing an additional 428,218 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in DCT Industrial Trust by 43.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,326,546 shares of the real estate investment trust’s stock valued at $76,834,000 after purchasing an additional 401,099 shares during the last quarter. American Century Companies Inc. acquired a new stake in DCT Industrial Trust in the third quarter valued at $15,878,000. Finally, Renaissance Technologies LLC grew its holdings in DCT Industrial Trust by 155.7% in the second quarter. Renaissance Technologies LLC now owns 443,075 shares of the real estate investment trust’s stock valued at $23,678,000 after purchasing an additional 269,800 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

DCT Industrial Trust Inc (NYSE DCT) traded down $0.07 on Thursday, hitting $56.34. The company had a trading volume of 449,472 shares, compared to its average volume of 483,096. The company has a current ratio of 0.87, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. DCT Industrial Trust Inc has a fifty-two week low of $43.95 and a fifty-two week high of $61.53. The firm has a market capitalization of $5,250.00, a price-to-earnings ratio of 51.22, a P/E/G ratio of 5.15 and a beta of 0.94.

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 analysts’ consensus estimates 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 firm had revenue of $105.18 million for the quarter, compared to analyst estimates of $105.96 million. During the same period last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. research analysts forecast that DCT Industrial Trust Inc will post 2.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.56%. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, December 21st. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 130.91%.

Several research firms have weighed in on DCT. Janney Montgomery Scott began coverage on DCT Industrial Trust in a report on Friday, September 29th. They issued a “neutral” rating and a $59.00 target price on the stock. BMO Capital Markets reissued a “hold” rating and issued a $60.00 target price on shares of DCT Industrial Trust in a report on Tuesday. SunTrust Banks reaffirmed a “hold” rating and set a $56.00 price objective on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. Zacks Investment Research lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Monday, November 27th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $57.00 price objective on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $58.40.

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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.

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

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