DCT Industrial Trust Inc (NYSE:DCT) Holdings Raised by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in DCT Industrial Trust Inc (NYSE:DCT) by 123.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,304 shares of the real estate investment trust’s stock after purchasing an additional 74,289 shares during the period. Wells Fargo & Company MN owned 0.14% of DCT Industrial Trust worth $7,779,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DCT. Principal Financial Group Inc. boosted its holdings in DCT Industrial Trust by 207.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,357,508 shares of the real estate investment trust’s stock worth $78,627,000 after buying an additional 915,856 shares during the period. American Century Companies Inc. bought a new position in shares of DCT Industrial Trust during the 3rd quarter valued at about $15,878,000. Renaissance Technologies LLC boosted its holdings in shares of DCT Industrial Trust by 155.7% during the 2nd quarter. Renaissance Technologies LLC now owns 443,075 shares of the real estate investment trust’s stock valued at $23,678,000 after purchasing an additional 269,800 shares during the last quarter. Standard Life Investments LTD boosted its holdings in shares of DCT Industrial Trust by 18.6% during the 2nd quarter. Standard Life Investments LTD now owns 1,538,501 shares of the real estate investment trust’s stock valued at $82,209,000 after purchasing an additional 241,699 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of DCT Industrial Trust by 180.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 268,651 shares of the real estate investment trust’s stock valued at $14,357,000 after purchasing an additional 172,902 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

DCT Industrial Trust Inc (NYSE:DCT) opened at $56.49 on Friday. The company has a market cap of $5,260.00, a P/E ratio of 51.35, a PEG ratio of 5.09 and a beta of 0.94. DCT Industrial Trust Inc has a 1 year low of $43.95 and a 1 year high of $61.53. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 0.87.

DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The business had revenue of $105.18 million for the quarter, compared to analyst estimates of $105.96 million. During the same period last year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. research analysts anticipate that DCT Industrial Trust Inc will post 2.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, December 21st. 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 dividend yield of 2.55%. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 130.91%.

DCT has been the subject of several research reports. KeyCorp reissued a “buy” rating on shares of DCT Industrial Trust in a report on Friday, October 20th. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Tuesday, October 10th. ValuEngine upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. SunTrust Banks restated a “hold” rating on shares of DCT Industrial Trust in a research report on Friday, December 1st. Finally, Jefferies Group restated a “hold” rating and set a $59.00 target price on shares of DCT Industrial Trust in a research report on Friday, November 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $58.40.

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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.

Institutional Ownership by Quarter for DCT Industrial Trust (NYSE:DCT)

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