DCT Industrial Trust Inc (NYSE:DCT) reached a new 52-week high during trading on Friday . The stock traded as high as $67.47 and last traded at $66.86, with a volume of 20487 shares traded. The stock had previously closed at $67.23.
Several research firms have commented on DCT. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Tuesday. Wells Fargo & Co lowered DCT Industrial Trust from an “outperform” rating to a “market perform” rating and set a $67.00 price objective on the stock. in a research report on Monday, May 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $60.55.
The stock has a market cap of $6.24 billion, a PE ratio of 27.47, a P/E/G ratio of 6.41 and a beta of 0.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.25 and a quick ratio of 1.25.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 11th. Stockholders of record on Friday, June 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.15%. DCT Industrial Trust’s dividend payout ratio (DPR) is 58.78%.
Large investors have recently made changes to their positions in the company. UBS Group AG lifted its position in shares of DCT Industrial Trust by 173.4% during the 1st quarter. UBS Group AG now owns 2,026 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,285 shares in the last quarter. Assetmark Inc. lifted its position in shares of DCT Industrial Trust by 6,114.7% during the 1st quarter. Assetmark Inc. now owns 2,113 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 2,079 shares in the last quarter. Quantbot Technologies LP purchased a new position in DCT Industrial Trust in the 1st quarter valued at $121,000. TLP Group LLC purchased a new position in DCT Industrial Trust in the 1st quarter valued at $205,000. Finally, Vident Investment Advisory LLC purchased a new position in DCT Industrial Trust in the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 95.88% of the company’s stock.
About DCT Industrial Trust
DCT Industrial is a leading logistics real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States. DCT's actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics.
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