Strs Ohio cut its position in shares of DCT Industrial Trust Inc. (NYSE:DCT) by 17.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,871 shares of the company’s stock after selling 29,450 shares during the period. Strs Ohio’s holdings in DCT Industrial Trust were worth $6,479,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of DCT. Shinko Asset Management Co. Ltd. raised its position in shares of DCT Industrial Trust by 28.2% in the second quarter. Shinko Asset Management Co. Ltd. now owns 1,804,584 shares of the company’s stock valued at $86,692,000 after buying an additional 397,031 shares during the last quarter. Geode Capital Management LLC raised its position in shares of DCT Industrial Trust by 8.3% in the first quarter. Geode Capital Management LLC now owns 701,049 shares of the company’s stock valued at $27,670,000 after buying an additional 53,879 shares during the last quarter. State Street Corp raised its position in shares of DCT Industrial Trust by 15.5% in the first quarter. State Street Corp now owns 3,114,692 shares of the company’s stock valued at $122,937,000 after buying an additional 418,039 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of DCT Industrial Trust during the first quarter valued at approximately $1,200,000. Finally, Alpine Partners VI LLC purchased a new position in shares of DCT Industrial Trust during the first quarter valued at approximately $5,871,000. Institutional investors and hedge funds own 98.47% of the company’s stock.
Shares of DCT Industrial Trust Inc. (NYSE:DCT) traded down 1.44% during mid-day trading on Monday, reaching $47.85. The company’s stock had a trading volume of 552,196 shares. DCT Industrial Trust Inc. has a 12 month low of $32.88 and a 12 month high of $50.57. The company has a 50 day moving average of $48.49 and a 200-day moving average of $45.18. The firm has a market capitalization of $4.31 billion, a P/E ratio of 41.21 and a beta of 1.00.
DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.54 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.54. The business had revenue of $95.90 million for the quarter, compared to analyst estimates of $94.94 million. DCT Industrial Trust had a return on equity of 5.57% and a net margin of 28.44%. DCT Industrial Trust’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. Equities research analysts forecast that DCT Industrial Trust Inc. will post $2.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Friday, October 7th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.16 dividend on an annualized basis and a yield of 2.42%. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 99.15%.
DCT has been the subject of several research reports. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday. Mizuho initiated coverage on DCT Industrial Trust in a research report on Wednesday, September 28th. They issued a “neutral” rating and a $51.00 target price for the company. BTIG Research initiated coverage on DCT Industrial Trust in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Citigroup Inc. lifted their target price on DCT Industrial Trust from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Finally, Capital One Financial Corp. lowered DCT Industrial Trust from an “equal weight” rating to an “underweight” rating in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. DCT Industrial Trust has an average rating of “Hold” and an average target price of $45.13.
DCT Industrial Trust Company Profile
DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company is engaged in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in distribution markets in the United States. The Company operates in three segments: East, Central and West.
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