American Century Companies Inc. raised its holdings in DCT Industrial Trust Inc (NYSE:DCT) by 24.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 341,902 shares of the real estate investment trust’s stock after buying an additional 67,772 shares during the period. American Century Companies Inc. owned about 0.37% of DCT Industrial Trust worth $20,097,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of DCT Industrial Trust by 8.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 246 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of DCT Industrial Trust by 397.3% in the third quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 2,237 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of DCT Industrial Trust in the third quarter valued at $176,000. Parametrica Management Ltd bought a new position in shares of DCT Industrial Trust in the third quarter valued at $214,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of DCT Industrial Trust in the third quarter valued at $234,000. 94.41% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on DCT shares. ValuEngine raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Wednesday, November 8th. Mizuho reaffirmed a “hold” rating and issued a $59.00 price objective on shares of DCT Industrial Trust in a research note on Sunday, February 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $60.00 price objective on shares of DCT Industrial Trust in a research note on Thursday, February 1st. Finally, SunTrust Banks reissued a “hold” rating on shares of DCT Industrial Trust in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $59.20.
DCT Industrial Trust Inc (NYSE DCT) traded up $0.84 on Friday, hitting $55.91. 120,758 shares of the company were exchanged, compared to its average volume of 631,690. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 1.07. DCT Industrial Trust Inc has a one year low of $45.47 and a one year high of $61.53. The company has a market capitalization of $5,240.00, a price-to-earnings ratio of 50.31, a P/E/G ratio of 5.57 and a beta of 0.86.
DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.38). The firm had revenue of $108.90 million for the quarter, compared to the consensus estimate of $106.66 million. DCT Industrial Trust had a net margin of 24.34% and a return on equity of 5.27%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. analysts predict that DCT Industrial Trust Inc will post 2.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, March 30th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.58%. The ex-dividend date is Wednesday, March 28th. DCT Industrial Trust’s dividend payout ratio is 129.73%.
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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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