FTB Advisors Inc. lowered its position in DCT Industrial Trust Inc. (NYSE:DCT) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 7,667 shares of the company’s stock after selling 62 shares during the period. FTB Advisors Inc.’s holdings in DCT Industrial Trust were worth $368,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in DCT Industrial Trust by 216.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,336,145 shares of the company’s stock worth $52,738,000 after buying an additional 913,519 shares during the period. Renaissance Technologies LLC acquired a new position in DCT Industrial Trust during the first quarter worth $18,349,000. Teachers Advisors Inc. increased its position in DCT Industrial Trust by 327.9% in the first quarter. Teachers Advisors Inc. now owns 579,159 shares of the company’s stock worth $22,859,000 after buying an additional 443,825 shares during the period. State Street Corp increased its position in DCT Industrial Trust by 15.5% in the first quarter. State Street Corp now owns 3,114,692 shares of the company’s stock worth $122,937,000 after buying an additional 418,039 shares during the period. Finally, Shinko Asset Management Co. Ltd. increased its position in DCT Industrial Trust by 28.2% in the second quarter. Shinko Asset Management Co. Ltd. now owns 1,804,584 shares of the company’s stock worth $86,692,000 after buying an additional 397,031 shares during the period. Institutional investors and hedge funds own 98.47% of the company’s stock.
Shares of DCT Industrial Trust Inc. (NYSE:DCT) traded down 0.21% during mid-day trading on Friday, reaching $46.50. 377,138 shares of the company’s stock traded hands. DCT Industrial Trust Inc. has a 12-month low of $32.88 and a 12-month high of $50.57. The company has a market cap of $4.19 billion, a P/E ratio of 40.05 and a beta of 1.00. The firm has a 50-day moving average of $47.86 and a 200 day moving average of $45.44.
DCT Industrial Trust (NYSE:DCT) last posted its earnings results on Thursday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. DCT Industrial Trust had a net margin of 28.44% and a return on equity of 5.57%. The firm earned $95.90 million during the quarter, compared to analyst estimates of $94.94 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. Equities analysts forecast that DCT Industrial Trust Inc. will post $2.19 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Friday, October 7th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.16 annualized dividend and a dividend yield of 2.49%. DCT Industrial Trust’s payout ratio is 99.15%.
A number of research firms recently weighed in on DCT. Capital One Financial Corp. downgraded shares of DCT Industrial Trust from an “equal weight” rating to an “underweight” rating in a research report on Monday, August 8th. Citigroup Inc. raised their target price on shares of DCT Industrial Trust from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. BTIG Research began coverage on shares of DCT Industrial Trust in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Finally, Mizuho assumed coverage on shares of DCT Industrial Trust in a research report on Wednesday, September 28th. They issued a “neutral” rating and a $51.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $45.13.
DCT Industrial Trust Company Profile
DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company is engaged in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in distribution markets in the United States. The Company operates in three segments: East, Central and West.