DCT Industrial Trust Inc (DCT) Position Raised by Northern Trust Corp
Northern Trust Corp raised its holdings in DCT Industrial Trust Inc (NYSE:DCT) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,236,540 shares of the real estate investment trust’s stock after purchasing an additional 8,471 shares during the quarter. Northern Trust Corp owned 1.34% of DCT Industrial Trust worth $66,080,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Citigroup Inc. boosted its holdings in DCT Industrial Trust by 38.4% in the 2nd quarter. Citigroup Inc. now owns 72,986 shares of the real estate investment trust’s stock valued at $3,900,000 after purchasing an additional 20,268 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in DCT Industrial Trust by 6.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 286,374 shares of the real estate investment trust’s stock worth $15,304,000 after purchasing an additional 16,509 shares during the period. Quantitative Investment Management LLC increased its position in DCT Industrial Trust by 195.7% during the 2nd quarter. Quantitative Investment Management LLC now owns 68,600 shares of the real estate investment trust’s stock worth $3,665,000 after purchasing an additional 45,400 shares during the period. Lazard Asset Management LLC increased its position in DCT Industrial Trust by 7.0% during the 2nd quarter. Lazard Asset Management LLC now owns 271,102 shares of the real estate investment trust’s stock worth $14,487,000 after purchasing an additional 17,650 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in shares of DCT Industrial Trust by 3.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 75,646 shares of the real estate investment trust’s stock worth $4,043,000 after buying an additional 2,524 shares in the last quarter. 95.42% of the stock is currently owned by institutional investors.
Several analysts have recently commented on the company. BidaskClub raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Stifel Nicolaus lifted their price target on DCT Industrial Trust from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Wednesday, June 7th. Finally, Jefferies Group LLC assumed coverage on DCT Industrial Trust in a report on Friday, June 23rd. They set a “hold” rating and a $53.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.40.
In other DCT Industrial Trust news, Director John C. Okeeffe sold 1,750 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $57.95, for a total transaction of $101,412.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.
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Shares of DCT Industrial Trust Inc (NYSE DCT) opened at 57.88 on Wednesday. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 58.00 and a beta of 0.95. The stock’s 50 day moving average price is $58.27 and its 200 day moving average price is $54.01. DCT Industrial Trust Inc has a 52 week low of $42.96 and a 52 week high of $60.02.
DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $104.50 million for the quarter, compared to analysts’ expectations of $106.54 million. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. Equities research analysts anticipate that DCT Industrial Trust Inc will post $0.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, October 6th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.24 dividend on an annualized basis and a yield of 2.14%. DCT Industrial Trust’s dividend payout ratio is presently 125.25%.
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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