BNP Paribas Arbitrage SA lessened its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,021 shares of the real estate investment trust’s stock after selling 6,650 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.12% of DCT Industrial Trust worth $6,488,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in DCT. PNC Financial Services Group Inc. boosted its position in shares of DCT Industrial Trust by 13.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,780 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 333 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of DCT Industrial Trust by 397.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 2,237 shares in the last quarter. Oakbrook Investments LLC bought a new position in shares of DCT Industrial Trust during the 2nd quarter worth about $202,000. Parametrica Management Ltd bought a new position in shares of DCT Industrial Trust during the 3rd quarter worth about $214,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of DCT Industrial Trust during the 2nd quarter worth about $303,000. 95.47% of the stock is currently owned by institutional investors.
In other DCT Industrial Trust news, Director John C. Okeeffe sold 1,750 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $57.95, for a total value of $101,412.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.
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DCT has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $60.00 price objective (up previously from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. UBS AG lowered shares of DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 target price on the stock. in a report on Friday, September 8th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $61.00 target price on shares of DCT Industrial Trust in a report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $57.20.
Shares of DCT Industrial Trust Inc (NYSE DCT) opened at $60.54 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.87 and a quick ratio of 1.07. DCT Industrial Trust Inc has a fifty-two week low of $43.78 and a fifty-two week high of $60.98. The firm has a market cap of $5,550.71, a PE ratio of 24.73, a P/E/G ratio of 5.78 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $105.18 million during the quarter, compared to analyst estimates of $105.96 million. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. analysts expect that DCT Industrial Trust Inc will post 2.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be paid a $0.36 dividend. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, December 21st. This represents a $1.44 annualized dividend and a yield of 2.38%. DCT Industrial Trust’s dividend payout ratio (DPR) is 112.73%.
About DCT Industrial Trust
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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