Trade Report: Today: Quantitative Systematic Strategies LLC Acquires Shares of 5,241 DCT Industrial Trust Inc. (DCT)

Today: Quantitative Systematic Strategies LLC Acquires Shares of 5,241 DCT Industrial Trust Inc. (DCT)

Quantitative Systematic Strategies LLC bought a new stake in DCT Industrial Trust Inc. (NYSE:DCT) during the second quarter, Holdings Channel reports. The institutional investor bought 5,241 shares of the company’s stock, valued at approximately $247,000.

Several other large investors also recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of DCT Industrial Trust during the first quarter valued at $18,349,000. Kennedy Capital Management Inc. increased its stake in shares of DCT Industrial Trust by 168.6% in the first quarter. Kennedy Capital Management Inc. now owns 233,675 shares of the company’s stock valued at $9,223,000 after buying an additional 146,687 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of DCT Industrial Trust by 8.3% in the first quarter. Geode Capital Management LLC now owns 701,049 shares of the company’s stock valued at $27,670,000 after buying an additional 53,879 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 valued at $52,738,000 after buying an additional 913,519 shares during the last quarter. Finally, State Street Corp increased its stake in shares of DCT Industrial Trust by 15.5% in the first quarter. State Street Corp now owns 3,114,692 shares of the company’s stock valued at $122,937,000 after buying an additional 418,039 shares during the last quarter. 98.47% of the stock is owned by institutional investors.

DCT Industrial Trust Inc. (NYSE:DCT) traded down 0.11% on Friday, reaching $46.55. The company’s stock had a trading volume of 537,713 shares. The stock’s 50 day moving average is $47.80 and its 200-day moving average is $45.49. DCT Industrial Trust Inc. has a 52 week low of $32.88 and a 52 week high of $50.57. The firm has a market capitalization of $4.20 billion, a PE ratio of 40.09 and a beta of 1.00.

DCT Industrial Trust (NYSE:DCT) last posted its earnings results on Thursday, August 4th. The company reported $0.54 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. DCT Industrial Trust had a return on equity of 5.57% and a net margin of 28.44%. The company had revenue of $95.90 million for the quarter, compared to analyst estimates of $94.94 million. During the same period last year, the company earned $0.47 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. Analysts predict that DCT Industrial Trust Inc. will post $2.19 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Friday, October 7th will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.16 annualized dividend and a yield of 2.49%. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 99.15%.

Several equities research analysts have recently weighed in on the company. Mizuho assumed coverage on 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. Capital One Financial Corp. downgraded DCT Industrial Trust from an “equal weight” rating to an “underweight” rating in a research report on Monday, August 8th. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, September 29th. BTIG Research started coverage on DCT Industrial Trust in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, Citigroup Inc. increased their price target on DCT Industrial Trust from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $45.13.

About DCT Industrial Trust

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.

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