Goldman Sachs Group Inc. increased its holdings in DCT Industrial Trust Inc (NYSE:DCT) by 21.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,100,243 shares of the real estate investment trust’s stock after purchasing an additional 193,858 shares during the quarter. Goldman Sachs Group Inc. owned 1.17% of DCT Industrial Trust worth $64,672,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in DCT Industrial Trust during the 3rd quarter worth approximately $176,000. Campbell & CO Investment Adviser LLC purchased a new stake in DCT Industrial Trust during the 3rd quarter worth approximately $234,000. Lourd Capital LLC purchased a new stake in DCT Industrial Trust during the 4th quarter worth approximately $298,000. First Citizens Bank & Trust Co. purchased a new stake in DCT Industrial Trust during the 4th quarter worth approximately $330,000. Finally, Virtu Financial LLC purchased a new stake in shares of DCT Industrial Trust in the fourth quarter valued at approximately $333,000. 96.27% of the stock is owned by institutional investors.
Shares of NYSE DCT traded down $0.38 during mid-day trading on Friday, hitting $55.47. The company had a trading volume of 321,237 shares, compared to its average volume of 474,461. The stock has a market cap of $5,197.93, a P/E ratio of 22.64, a PEG ratio of 5.69 and a beta of 0.89. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.84. DCT Industrial Trust Inc has a 1-year low of $49.54 and a 1-year 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 Zacks’ consensus estimate of $0.62 by ($0.38). DCT Industrial Trust had a net margin of 24.34% and a return on equity of 5.27%. The business had revenue of $108.90 million during the quarter, compared to analyst estimates of $106.66 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. equities analysts forecast that DCT Industrial Trust Inc will post 2.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, March 30th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Wednesday, March 28th. DCT Industrial Trust’s dividend payout ratio is presently 58.78%.
In other DCT Industrial Trust news, insider John V. Pharris sold 3,362 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.93, for a total transaction of $188,036.66. Following the transaction, the insider now owns 4,261 shares of the company’s stock, valued at $238,317.73. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew T. Murphy sold 18,000 shares of the firm’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $57.35, for a total value of $1,032,300.00. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.
A number of research firms have recently issued reports on DCT. ValuEngine lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Mizuho restated a “hold” rating and issued a $59.00 price target on shares of DCT Industrial Trust in a research report on Sunday, February 4th. 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 report on Friday, February 9th. BMO Capital Markets reiterated a “hold” rating and issued a $60.00 price objective on shares of DCT Industrial Trust in a research report on Thursday, February 1st. Finally, JPMorgan Chase lowered DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 price objective for the company. in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.20.
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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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