Goldman Sachs Group Inc. increased its position in shares of DCT Industrial Trust Inc (NYSE:DCT) by 21.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,100,243 shares of the real estate investment trust’s stock after buying an additional 193,858 shares during the quarter. Goldman Sachs Group Inc. owned about 1.17% of DCT Industrial Trust worth $64,672,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in DCT Industrial Trust by 2.8% during the 4th quarter. BlackRock Inc. now owns 11,228,296 shares of the real estate investment trust’s stock worth $660,001,000 after buying an additional 310,745 shares during the period. Bank of New York Mellon Corp raised its stake in DCT Industrial Trust by 86.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,249,663 shares of the real estate investment trust’s stock worth $132,234,000 after buying an additional 1,046,097 shares during the period. Schwab Charles Investment Management Inc. raised its stake in DCT Industrial Trust by 10.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,467,129 shares of the real estate investment trust’s stock worth $86,265,000 after buying an additional 140,583 shares during the period. Dimensional Fund Advisors LP raised its stake in DCT Industrial Trust by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,359,409 shares of the real estate investment trust’s stock worth $78,737,000 after buying an additional 31,086 shares during the period. Finally, Adelante Capital Management LLC raised its stake in DCT Industrial Trust by 4.6% during the 3rd quarter. Adelante Capital Management LLC now owns 1,054,230 shares of the real estate investment trust’s stock worth $61,061,000 after buying an additional 46,375 shares during the period. 96.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of DCT Industrial Trust Inc (NYSE:DCT) opened at $57.50 on Friday. The company has a market capitalization of $5,376.92, a P/E ratio of 51.80, a PEG ratio of 5.88 and a beta of 0.91. DCT Industrial Trust Inc has a 52 week low of $46.43 and a 52 week high of $61.53. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.84.
DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.38). The company 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 revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. equities research analysts predict that DCT Industrial Trust Inc will post 2.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Friday, March 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Wednesday, March 28th. DCT Industrial Trust’s payout ratio is 129.73%.
A number of research firms recently weighed in on DCT. BMO Capital Markets reaffirmed a “hold” rating and set a $60.00 price target on shares of DCT Industrial Trust in a research note on Tuesday, January 9th. ValuEngine raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Mizuho reaffirmed a “hold” rating and set a $59.00 price target on shares of DCT Industrial Trust in a research note on Sunday, February 4th. Zacks Investment Research downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Monday, November 27th. Finally, Citigroup lowered their price objective on DCT Industrial Trust from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $59.20.
In related news, insider John V. Pharris sold 3,362 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.93, for a total transaction of $188,036.66. Following the completion of the sale, the insider now directly owns 4,261 shares of the company’s stock, valued at $238,317.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
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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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