361 Capital LLC Trims Holdings in DCT Industrial Trust Inc (DCT)

361 Capital LLC trimmed its stake in DCT Industrial Trust Inc (NYSE:DCT) by 49.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,116 shares of the real estate investment trust’s stock after selling 15,836 shares during the quarter. 361 Capital LLC’s holdings in DCT Industrial Trust were worth $933,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in shares of DCT Industrial Trust by 13.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,780 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 333 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of DCT Industrial Trust by 397.3% in the third quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 2,237 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of DCT Industrial Trust during the third quarter valued at about $176,000. Parametrica Management Ltd bought a new position in shares of DCT Industrial Trust during the third quarter valued at about $214,000. Finally, Oakbrook Investments LLC bought a new position in shares of DCT Industrial Trust during the second quarter valued at about $202,000. Institutional investors and hedge funds own 95.49% of the company’s stock.

DCT has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Wednesday, November 8th. BidaskClub raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. ValuEngine raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Citigroup Inc. raised their price target on shares of DCT Industrial Trust from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Finally, KeyCorp reissued a “buy” rating on shares of DCT Industrial Trust in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.20.

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DCT Industrial Trust Inc (NYSE:DCT) traded down $0.36 on Monday, hitting $60.18. 324,000 shares of the stock traded hands, compared to its average volume of 483,436. The stock has a market capitalization of $5,604.73, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 5.83 and a beta of 0.95. DCT Industrial Trust Inc has a 52-week low of $43.95 and a 52-week high of $60.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.87 and a quick ratio of 1.07.

DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share 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 firm had revenue of $105.18 million during the quarter, compared to analyst estimates of $105.96 million. During the same period in the previous year, the business posted $0.60 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. research analysts expect that DCT Industrial Trust Inc will post 2.44 earnings per share for the current 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 given a $0.36 dividend. The ex-dividend date is 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 2.39%. DCT Industrial Trust’s dividend payout ratio is currently 112.73%.

In related news, Director John C. Okeeffe sold 1,750 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

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.

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

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