Public Employees Retirement System of Ohio increased its holdings in shares of DCT Industrial Trust Inc (NYSE:DCT) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,696 shares of the real estate investment trust’s stock after buying an additional 1,944 shares during the quarter. Public Employees Retirement System of Ohio owned 0.16% of DCT Industrial Trust worth $8,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of DCT. Vanguard Group Inc. raised its holdings in DCT Industrial Trust by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 14,465,962 shares of the real estate investment trust’s stock worth $773,062,000 after purchasing an additional 96,295 shares during the period. Bank of New York Mellon Corp raised its holdings in DCT Industrial Trust by 37.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,574,329 shares of the real estate investment trust’s stock worth $84,132,000 after purchasing an additional 428,218 shares during the period. Standard Life Investments LTD raised its holdings in shares of DCT Industrial Trust by 18.6% during the second quarter. Standard Life Investments LTD now owns 1,538,501 shares of the real estate investment trust’s stock valued at $82,209,000 after acquiring an additional 241,699 shares during the last quarter. PGGM Investments raised its holdings in shares of DCT Industrial Trust by 2.0% during the third quarter. PGGM Investments now owns 1,408,000 shares of the real estate investment trust’s stock valued at $81,551,000 after acquiring an additional 28,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of DCT Industrial Trust by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,359,409 shares of the real estate investment trust’s stock valued at $78,737,000 after acquiring an additional 31,086 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.
DCT Industrial Trust Inc (NYSE DCT) traded up $0.15 during trading on Friday, reaching $56.49. The company’s stock had a trading volume of 594,122 shares, compared to its average volume of 535,360. DCT Industrial Trust Inc has a one year low of $43.95 and a one year high of $61.53. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 0.87. The firm has a market capitalization of $5,260.00, a PE ratio of 51.35, a PEG ratio of 5.09 and a beta of 0.94.
DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $105.18 million for the quarter, compared to analyst estimates of $105.96 million. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. analysts anticipate that DCT Industrial Trust Inc will post 2.44 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 22nd were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.55%. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 130.91%.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Wednesday, November 8th. ValuEngine lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks reiterated a “hold” rating on shares of DCT Industrial Trust in a research report on Friday, December 1st. Jefferies Group reiterated a “hold” rating and issued a $59.00 price objective on shares of DCT Industrial Trust in a research report on Friday, November 24th. Finally, Citigroup increased their price objective on DCT Industrial Trust from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $58.40.
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About DCT Industrial Trust
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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