Flinton Capital Management LLC raised its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 19.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,906 shares of the real estate investment trust’s stock after purchasing an additional 2,278 shares during the quarter. Flinton Capital Management LLC’s holdings in DCT Industrial Trust were worth $818,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of DCT Industrial Trust during the 3rd quarter worth about $176,000. Campbell & CO Investment Adviser LLC bought a new position in shares of DCT Industrial Trust during the 3rd quarter worth about $234,000. Lourd Capital LLC bought a new position in shares of DCT Industrial Trust during the 4th quarter worth about $298,000. First Citizens Bank & Trust Co. bought a new position in shares of DCT Industrial Trust during the 4th quarter worth about $330,000. Finally, Virtu Financial LLC bought a new position in shares of DCT Industrial Trust during the 4th quarter worth about $333,000. Institutional investors own 96.27% of the company’s stock.
Shares of DCT Industrial Trust stock opened at $57.50 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.84. DCT Industrial Trust Inc has a 12-month low of $46.43 and a 12-month high of $61.53. The firm has a market cap of $5,388.17, a PE ratio of 51.80, a PEG ratio of 5.90 and a beta of 0.91.
DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.38). DCT Industrial Trust had a net margin of 24.34% and a return on equity of 5.27%. The business had revenue of $108.90 million for the quarter, compared to analyst estimates of $106.66 million. During the same quarter last year, the firm posted $0.59 earnings per share. DCT Industrial Trust’s revenue was up 6.6% on a year-over-year basis. analysts anticipate that DCT Industrial Trust Inc will post 2.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, March 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.44 annualized dividend and a dividend yield of 2.50%. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 129.73%.
In other news, insider John V. Pharris sold 3,362 shares of DCT Industrial Trust stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.93, for a total transaction of $188,036.66. Following the sale, the insider now directly owns 4,261 shares in the company, valued at approximately $238,317.73. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.
Several research firms have recently issued reports on DCT. ValuEngine downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. BMO Capital Markets restated a “hold” rating and set a $60.00 price objective on shares of DCT Industrial Trust in a report on Tuesday, January 9th. Citigroup dropped their price objective on shares of DCT Industrial Trust from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Monday, November 27th. Finally, Mizuho restated a “hold” rating and set a $59.00 price objective on shares of DCT Industrial Trust in a report on Sunday, February 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. DCT Industrial Trust presently has a consensus rating of “Hold” and an average target price of $59.20.
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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