Sei Investments Co. raised its position in DCT Industrial Trust Inc (NYSE:DCT) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,252 shares of the real estate investment trust’s stock after buying an additional 7,591 shares during the period. Sei Investments Co.’s holdings in DCT Industrial Trust were worth $8,511,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Texas Permanent School Fund raised its stake in shares of DCT Industrial Trust by 0.9% in the second quarter. Texas Permanent School Fund now owns 67,114 shares of the real estate investment trust’s stock worth $3,587,000 after buying an additional 580 shares during the last quarter. World Asset Management Inc raised its stake in shares of DCT Industrial Trust by 2.5% in the second quarter. World Asset Management Inc now owns 5,822 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 144 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of DCT Industrial Trust by 13.7% in the second quarter. Daiwa Securities Group Inc. now owns 8,300 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 1,000 shares during the last quarter. Rothschild Asset Management Inc. raised its stake in shares of DCT Industrial Trust by 4.9% in the second quarter. Rothschild Asset Management Inc. now owns 398,111 shares of the real estate investment trust’s stock worth $21,275,000 after buying an additional 18,548 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of DCT Industrial Trust by 3.0% in the second quarter. Great West Life Assurance Co. Can now owns 100,625 shares of the real estate investment trust’s stock worth $5,375,000 after buying an additional 2,886 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.
Shares of DCT Industrial Trust Inc (DCT) opened at 55.44 on Friday. DCT Industrial Trust Inc has a one year low of $42.96 and a one year high of $57.28. The company has a 50-day moving average price of $54.84 and a 200 day moving average price of $50.92. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 55.55 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business had revenue of $104.50 million during the quarter, compared to analyst estimates of $106.54 million. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, analysts forecast that DCT Industrial Trust Inc will post $0.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, October 6th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio is currently 125.25%.
A number of analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 target price (up from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, July 12th. BidaskClub lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Jefferies Group LLC assumed coverage on DCT Industrial Trust in a report on Friday, June 23rd. They issued a “hold” rating and a $53.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $52.71.
In other news, CFO Matthew T. Murphy sold 7,481 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $52.90, for a total transaction of $395,744.90. Following the completion of the transaction, the chief financial officer now owns 37 shares of the company’s stock, valued at $1,957.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Skomal sold 1,320 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $53.66, for a total transaction of $70,831.20. Following the transaction, the insider now directly owns 1,167 shares of the company’s stock, valued at approximately $62,621.22. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.
About DCT Industrial Trust
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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