DCT Industrial Trust Inc (DCT) Holdings Cut by LS Investment Advisors LLC

LS Investment Advisors LLC decreased its holdings in shares of DCT Industrial Trust Inc (NYSE:DCT) by 18.3% in the 4th quarter, Holdings Channel reports. The fund owned 7,331 shares of the real estate investment trust’s stock after selling 1,645 shares during the quarter. LS Investment Advisors LLC’s holdings in DCT Industrial Trust were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in DCT Industrial Trust by 8.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 246 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in DCT Industrial Trust by 8.4% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,311 shares of the real estate investment trust’s stock worth $664,000 after acquiring an additional 876 shares during the last quarter. Shelton Capital Management increased its stake in DCT Industrial Trust by 15.1% during the third quarter. Shelton Capital Management now owns 7,152 shares of the real estate investment trust’s stock worth $414,000 after acquiring an additional 940 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in DCT Industrial Trust by 1.3% during the third quarter. Mutual of America Capital Management LLC now owns 76,592 shares of the real estate investment trust’s stock worth $4,436,000 after acquiring an additional 946 shares during the last quarter. Finally, ETRADE Capital Management LLC increased its stake in DCT Industrial Trust by 4.8% during the third quarter. ETRADE Capital Management LLC now owns 21,710 shares of the real estate investment trust’s stock worth $1,257,000 after acquiring an additional 988 shares during the last quarter. 93.94% of the stock is owned by institutional investors.

Several research firms have issued reports on DCT. BMO Capital Markets reissued a “hold” rating and set a $60.00 target price on shares of DCT Industrial Trust in a research note on Tuesday, January 9th. Zacks Investment Research cut DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Monday, November 27th. Mizuho reaffirmed a “hold” rating and issued a $59.00 price objective on shares of DCT Industrial Trust in a research note on Sunday, February 4th. Jefferies Group reaffirmed a “hold” rating and issued a $57.00 price objective on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $56.00 price objective on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. Two research 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 currently has a consensus rating of “Hold” and an average price target of $59.20.

Shares of DCT Industrial Trust Inc (NYSE:DCT) opened at $56.10 on Friday. DCT Industrial Trust Inc has a one year low of $45.47 and a one year high of $61.53. The company has a quick ratio of 1.07, a current ratio of 0.70 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $5,256.96, a price-to-earnings ratio of 50.54, a PEG ratio of 5.74 and a beta of 0.87.

DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $108.90 million during the quarter, compared to analyst estimates of $106.66 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. sell-side analysts predict that DCT Industrial Trust Inc will post 2.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Friday, March 30th will be paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.44 annualized dividend and a yield of 2.57%. DCT Industrial Trust’s payout ratio is 129.73%.

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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.

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

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