Ameriprise Financial Inc. Sells 23,847 Shares of DCT Industrial Trust Inc (DCT)
Ameriprise Financial Inc. cut its holdings in shares of DCT Industrial Trust Inc (NYSE:DCT) by 7.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,203 shares of the real estate investment trust’s stock after selling 23,847 shares during the period. Ameriprise Financial Inc. owned approximately 0.34% of DCT Industrial Trust worth $18,140,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in DCT. PNC Financial Services Group Inc. lifted its position in shares of DCT Industrial Trust by 8.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 246 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of DCT Industrial Trust by 397.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 2,237 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of DCT Industrial Trust in the 3rd quarter valued at approximately $176,000. Parametrica Management Ltd purchased a new stake in shares of DCT Industrial Trust in the 3rd quarter valued at approximately $214,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of DCT Industrial Trust in the 2nd quarter valued at approximately $303,000. 95.16% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on DCT shares. Citigroup upped 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. SunTrust Banks restated a “hold” rating and issued a $56.00 price target on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Tuesday, October 10th. Jefferies Group restated a “hold” rating and issued a $59.00 price target on shares of DCT Industrial Trust in a research report on Friday, November 24th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $61.00 price target on shares of DCT Industrial Trust in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $57.40.
DCT Industrial Trust Inc (NYSE:DCT) traded up $0.27 during mid-day trading on Wednesday, reaching $59.50. 325,800 shares of the company’s stock were exchanged, compared to its average volume of 481,333. DCT Industrial Trust Inc has a 12 month low of $43.95 and a 12 month high of $61.53. The company has a current ratio of 0.87, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The stock has a market cap of $5,516.25, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 5.64 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $105.18 million for the quarter, compared to analyst estimates of $105.96 million. During the same period last year, the business posted $0.60 EPS. DCT Industrial Trust’s revenue was up 4.9% compared to the same quarter last year. analysts expect that DCT Industrial Trust Inc will post 2.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.42%. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, December 21st. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 112.73%.
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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.
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