DCT Industrial Trust Inc (DCT) Position Cut by Davis Selected Advisers

Davis Selected Advisers trimmed its holdings in DCT Industrial Trust Inc (NYSE:DCT) by 22.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,661 shares of the real estate investment trust’s stock after selling 49,484 shares during the quarter. Davis Selected Advisers owned about 0.18% of DCT Industrial Trust worth $9,769,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DCT. PNC Financial Services Group Inc. boosted its stake in DCT Industrial Trust by 8.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 246 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in 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 valued at $163,000 after purchasing an additional 2,237 shares in the last quarter. Quantbot Technologies LP bought a new position in DCT Industrial Trust during the 3rd quarter valued at $176,000. Parametrica Management Ltd bought a new position in DCT Industrial Trust during the 3rd quarter valued at $214,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in DCT Industrial Trust during the 3rd quarter valued at $234,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Shares of DCT Industrial Trust Inc (DCT) opened at $59.36 on Friday. The stock has a market capitalization of $5,517.19, a price-to-earnings ratio of 24.58, a PEG ratio of 5.64 and a beta of 0.95. DCT Industrial Trust Inc has a 1-year low of $43.95 and a 1-year high of $61.53. 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 (NYSE:DCT) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $105.18 million during the quarter, compared to analyst estimates of $105.96 million. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. sell-side analysts expect that DCT Industrial Trust Inc will post 2.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd will be issued a $0.36 dividend. The ex-dividend date is Thursday, December 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.43%. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s dividend payout ratio is presently 112.73%.

A number of equities analysts have issued reports on the company. BidaskClub raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Janney Montgomery Scott initiated coverage on DCT Industrial Trust in a research note on Friday, September 29th. They set a “neutral” rating and a $59.00 price objective for the company. ValuEngine lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Jefferies Group reissued a “hold” rating and set a $57.00 price objective on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. DCT Industrial Trust presently has a consensus rating of “Hold” and a consensus target price of $57.40.

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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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