DCT Industrial Trust Inc (DCT) Position Lifted by Deutsche Bank AG

Deutsche Bank AG increased its stake in DCT Industrial Trust Inc (NYSE:DCT) by 51.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 279,478 shares of the real estate investment trust’s stock after buying an additional 94,661 shares during the period. Deutsche Bank AG’s holdings in DCT Industrial Trust were worth $16,425,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in DCT Industrial Trust in the 3rd quarter worth about $176,000. Campbell & CO Investment Adviser LLC purchased a new position in DCT Industrial Trust in the 3rd quarter worth about $234,000. Lourd Capital LLC purchased a new position in DCT Industrial Trust in the 4th quarter worth about $298,000. First Citizens Bank & Trust Co. purchased a new position in DCT Industrial Trust in the 4th quarter worth about $330,000. Finally, Virtu Financial LLC purchased a new position in DCT Industrial Trust in the 4th quarter worth about $333,000. 96.27% of the stock is currently owned by institutional investors.

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In other news, insider John V. Pharris sold 3,362 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.93, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew T. Murphy sold 18,000 shares of the firm’s 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 disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

DCT has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $60.00 price target on shares of DCT Industrial Trust in a research note on Tuesday, January 9th. JPMorgan Chase & Co. cut shares of DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 target price on the stock. in a report on Friday, December 15th. Citigroup dropped their target price on shares of DCT Industrial Trust from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Mizuho reiterated a “hold” rating and set a $59.00 target price on shares of DCT Industrial Trust in a report on Sunday, February 4th. Finally, SunTrust Banks reiterated a “hold” rating on shares of DCT Industrial Trust in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. DCT Industrial Trust presently has an average rating of “Hold” and an average target price of $59.20.

DCT Industrial Trust Inc (DCT) opened at $54.90 on Monday. 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 $46.43 and a 1-year high of $61.53. The stock has a market cap of $5,144.51, a PE ratio of 49.46, a price-to-earnings-growth ratio of 5.63 and a beta of 0.91.

DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.38). DCT Industrial Trust had a return on equity of 5.27% and a net margin of 24.34%. The business had revenue of $108.90 million for the quarter, compared to the consensus estimate of $106.66 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. equities analysts anticipate that DCT Industrial Trust Inc will post 2.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, March 30th will be issued 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 dividend payout ratio is currently 129.73%.

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DCT Industrial Trust Company 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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