GSA Capital Partners LLP lowered its holdings in DCT Industrial Trust Inc (NYSE:DCT) by 15.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,442 shares of the real estate investment trust’s stock after selling 1,506 shares during the quarter. GSA Capital Partners LLP’s holdings in DCT Industrial Trust were worth $451,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in DCT Industrial Trust by 13.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,780 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 333 shares during the period. Oakbrook Investments LLC acquired a new stake in DCT Industrial Trust in the second quarter valued at $202,000. Blue Sky Asset Management LLC acquired a new stake in DCT Industrial Trust in the first quarter valued at $189,000. World Asset Management Inc lifted its holdings in DCT Industrial Trust by 2.5% in the second quarter. World Asset Management Inc now owns 5,822 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 144 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in DCT Industrial Trust in the first quarter valued at $288,000. 95.42% of the stock is owned by institutional investors.
A number of equities research analysts have commented on DCT shares. BidaskClub downgraded DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Tuesday. Stifel Nicolaus reissued a “buy” rating and issued a $60.00 target price (up previously from $58.00) on shares of DCT Industrial Trust in a report on Wednesday, August 9th. Jefferies Group LLC assumed coverage on DCT Industrial Trust in a report on Friday, June 23rd. They issued a “hold” rating and a $53.00 target price for the company. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $61.00 price target on shares of DCT Industrial Trust in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $55.10.
In related news, Director John C. Okeeffe sold 1,750 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $57.95, for a total transaction of $101,412.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.
DCT Industrial Trust Inc (DCT) opened at 59.83 on Friday. DCT Industrial Trust Inc has a 1-year low of $42.96 and a 1-year high of $60.02. The stock’s 50 day moving average price is $58.59 and its 200 day moving average price is $54.49. The firm has a market cap of $5.57 billion, a P/E ratio of 59.95 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $104.50 million for the quarter, compared to analyst estimates of $106.54 million. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. DCT Industrial Trust’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. Equities research analysts predict that DCT Industrial Trust Inc will post $0.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, October 6th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, October 5th. DCT Industrial Trust’s payout ratio is 125.25%.
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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