Cipher Capital LP Purchases Shares of 9,419 DCT Industrial Trust Inc (NYSE:DCT)

Cipher Capital LP purchased a new position in shares of DCT Industrial Trust Inc (NYSE:DCT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,419 shares of the real estate investment trust’s stock, valued at approximately $546,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in DCT Industrial Trust by 0.7% in the second quarter. Vanguard Group Inc. now owns 14,465,962 shares of the real estate investment trust’s stock valued at $773,062,000 after purchasing an additional 96,295 shares during the period. Bank of New York Mellon Corp lifted its position in DCT Industrial Trust by 37.4% in the second quarter. Bank of New York Mellon Corp now owns 1,574,329 shares of the real estate investment trust’s stock valued at $84,132,000 after purchasing an additional 428,218 shares during the period. Standard Life Investments LTD lifted its position in DCT Industrial Trust by 18.6% in the second 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 period. PGGM Investments lifted its position in DCT Industrial Trust by 2.0% in the third quarter. PGGM Investments now owns 1,408,000 shares of the real estate investment trust’s stock valued at $81,551,000 after purchasing an additional 28,000 shares during the period. Finally, Principal Financial Group Inc. lifted its position in DCT Industrial Trust by 207.4% in the third quarter. Principal Financial Group Inc. now owns 1,357,508 shares of the real estate investment trust’s stock valued at $78,627,000 after purchasing an additional 915,856 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on DCT. SunTrust Banks reiterated a “hold” rating on shares of DCT Industrial Trust in a research report on Friday, December 1st. ValuEngine downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 27th. Jefferies Group restated a “hold” rating and set a $59.00 price objective on shares of DCT Industrial Trust in a research report on Friday, November 24th. Finally, Citigroup lifted their price objective on DCT Industrial Trust from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $57.40.

Shares of DCT Industrial Trust Inc (NYSE:DCT) opened at $58.70 on Wednesday. The company has a market cap of $5,526.50, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 5.75 and a beta of 0.95. The company has a quick ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.84. DCT Industrial Trust Inc has a 12 month low of $43.95 and a 12 month high of $61.53.

DCT Industrial Trust (NYSE:DCT) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $105.18 million during the quarter, compared to analysts’ expectations of $105.96 million. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. DCT Industrial Trust’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. equities analysts anticipate that DCT Industrial Trust Inc will post 2.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, December 21st. This is a boost from DCT Industrial Trust’s previous quarterly dividend of $0.31. This represents a $1.44 annualized dividend and a dividend yield of 2.45%. DCT Industrial Trust’s payout ratio is currently 112.73%.

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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.

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

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