Verition Fund Management LLC Buys New Stake in DCT Industrial Trust Inc (DCT)

Verition Fund Management LLC bought a new position in DCT Industrial Trust Inc (NYSE:DCT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 6,472 shares of the real estate investment trust’s stock, valued at approximately $380,000.

A number of other large investors have also modified their holdings of the stock. Sumitomo Mitsui Asset Management Company LTD raised its position in DCT Industrial Trust by 8.4% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,311 shares of the real estate investment trust’s stock worth $664,000 after purchasing an additional 876 shares during the period. Shelton Capital Management raised its position in DCT Industrial Trust by 15.1% in the 3rd quarter. Shelton Capital Management now owns 7,152 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 940 shares during the period. ETRADE Capital Management LLC raised its position in DCT Industrial Trust by 4.8% in the 3rd quarter. ETRADE Capital Management LLC now owns 21,710 shares of the real estate investment trust’s stock worth $1,257,000 after purchasing an additional 988 shares during the period. Comerica Bank raised its position in DCT Industrial Trust by 1.4% in the 3rd quarter. Comerica Bank now owns 72,536 shares of the real estate investment trust’s stock worth $4,203,000 after purchasing an additional 1,018 shares during the period. Finally, Security Capital Research & Management Inc. raised its position in DCT Industrial Trust by 2.2% in the 4th quarter. Security Capital Research & Management Inc. now owns 46,555 shares of the real estate investment trust’s stock worth $2,737,000 after purchasing an additional 1,024 shares during the period. Institutional investors own 96.27% of the company’s stock.

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A number of brokerages recently commented on DCT. ValuEngine cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 27th. SunTrust Banks restated a “hold” rating on shares of DCT Industrial Trust in a research report on Friday, December 1st. Mizuho restated a “hold” rating and issued a $59.00 price objective on shares of DCT Industrial Trust in a research report on Sunday, February 4th. Finally, Citigroup decreased their price objective on shares of DCT Industrial Trust from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. 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 stock has an average rating of “Hold” and a consensus target price of $59.20.

DCT Industrial Trust stock opened at $54.90 on Friday. DCT Industrial Trust Inc has a 52-week low of $46.43 and a 52-week high of $61.53. The stock has a market cap of $5,144.51, a PE ratio of 22.41, a price-to-earnings-growth ratio of 5.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 0.70.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $108.90 million during the quarter, compared to analysts’ expectations of $106.66 million. During the same quarter in the previous year, the firm posted $0.59 EPS. DCT Industrial Trust’s revenue was up 6.6% compared to the same quarter last year. equities research analysts expect that DCT Industrial Trust Inc will post 2.58 EPS for the current fiscal year.

The company 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 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, March 28th. DCT Industrial Trust’s payout ratio is 129.73%.

In other news, CFO Matthew T. Murphy sold 18,000 shares of DCT Industrial Trust stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $57.35, for a total transaction of $1,032,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John V. Pharris sold 3,362 shares of DCT Industrial Trust stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.93, for a total transaction of $188,036.66. Following the sale, the insider now directly owns 4,261 shares in the company, valued at approximately $238,317.73. The disclosure for this sale can be found here. 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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Institutional Ownership by Quarter for DCT Industrial Trust (NYSE:DCT)

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