American Century Companies Inc. Has $20.10 Million Position in DCT Industrial Trust Inc (DCT)

American Century Companies Inc. boosted its position in shares of DCT Industrial Trust Inc (NYSE:DCT) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 341,902 shares of the real estate investment trust’s stock after buying an additional 67,772 shares during the quarter. American Century Companies Inc. owned approximately 0.37% of DCT Industrial Trust worth $20,097,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DCT. Honeywell International Inc. grew its position in shares of DCT Industrial Trust by 27.8% in the third quarter. Honeywell International Inc. now owns 41,053 shares of the real estate investment trust’s stock valued at $2,378,000 after purchasing an additional 8,918 shares during the period. Schroder Investment Management Group acquired a new stake in shares of DCT Industrial Trust in the third quarter valued at about $694,000. State Board of Administration of Florida Retirement System grew its position in shares of DCT Industrial Trust by 3.8% in the third quarter. State Board of Administration of Florida Retirement System now owns 103,258 shares of the real estate investment trust’s stock valued at $5,981,000 after purchasing an additional 3,800 shares during the period. Chartwell Investment Partners LLC grew its position in shares of DCT Industrial Trust by 36.4% in the third quarter. Chartwell Investment Partners LLC now owns 58,830 shares of the real estate investment trust’s stock valued at $3,407,000 after purchasing an additional 15,690 shares during the period. Finally, Legal & General Group Plc grew its position in shares of DCT Industrial Trust by 7.7% in the third quarter. Legal & General Group Plc now owns 329,715 shares of the real estate investment trust’s stock valued at $19,097,000 after purchasing an additional 23,479 shares during the period. Institutional investors own 93.94% of the company’s stock.

DCT Industrial Trust Inc (DCT) opened at $56.11 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 1.07. The firm has a market cap of $5,170.77, a PE ratio of 22.52, a PEG ratio of 5.65 and a beta of 0.87. DCT Industrial Trust Inc has a 52 week low of $45.47 and a 52 week high of $61.53.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.38). The business had revenue of $108.90 million during the quarter, compared to analysts’ expectations of $106.66 million. DCT Industrial Trust had a return on equity of 5.27% and a net margin of 24.34%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. research analysts anticipate that DCT Industrial Trust Inc will post 2.58 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Wednesday, March 28th. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 129.73%.

DCT has been the topic of several research analyst reports. ValuEngine upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. 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. KeyCorp reiterated a “buy” rating on shares of DCT Industrial Trust in a research report on Friday, October 20th. BMO Capital Markets reiterated a “hold” rating and issued a $60.00 target price on shares of DCT Industrial Trust in a research report on Tuesday, January 9th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $56.00 target price on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three 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 $59.20.

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

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