Envestnet Asset Management Inc. trimmed its position in shares of DCT Industrial Trust Inc (NYSE:DCT) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,611 shares of the real estate investment trust’s stock after selling 1,980 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of DCT Industrial Trust worth $6,580,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp boosted its stake in shares of DCT Industrial Trust by 7.0% during the third quarter. Stifel Financial Corp now owns 347,604 shares of the real estate investment trust’s stock valued at $20,122,000 after purchasing an additional 22,809 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of DCT Industrial Trust by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,359,409 shares of the real estate investment trust’s stock worth $78,737,000 after acquiring an additional 31,086 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of DCT Industrial Trust by 43.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,326,546 shares of the real estate investment trust’s stock worth $76,834,000 after acquiring an additional 401,099 shares during the period. Barings LLC acquired a new position in shares of DCT Industrial Trust in the third quarter worth approximately $631,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of DCT Industrial Trust in the third quarter worth approximately $234,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on DCT shares. KeyCorp reaffirmed a “buy” rating on shares of DCT Industrial Trust in a research note on Friday, October 20th. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Tuesday, October 10th. ValuEngine raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. BidaskClub raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $56.00 price objective on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $57.40.
Shares of DCT Industrial Trust Inc (NYSE DCT) opened at $59.70 on Friday. The firm has a market capitalization of $5,560.00, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 5.66 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.84. DCT Industrial Trust Inc has a 1-year low of $43.95 and a 1-year high of $61.53.
DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $105.18 million during the quarter, compared to the consensus estimate of $105.96 million. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. equities analysts anticipate that DCT Industrial Trust Inc will post 2.44 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be issued a $0.36 dividend. This is an increase from DCT Industrial Trust’s previous quarterly dividend of $0.31. This represents a $1.44 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, December 21st. DCT Industrial Trust’s payout ratio is presently 112.73%.
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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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