Amica Mutual Insurance Co. Has $3.56 Million Stake in DCT Industrial Trust Inc (DCT)
Amica Mutual Insurance Co. decreased its position in DCT Industrial Trust Inc (NYSE:DCT) by 25.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,505 shares of the real estate investment trust’s stock after selling 21,301 shares during the quarter. Amica Mutual Insurance Co. owned 0.07% of DCT Industrial Trust worth $3,562,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in DCT Industrial Trust by 8.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 246 shares during the period. Meeder Asset Management Inc. raised its position in DCT Industrial Trust by 397.3% in the third quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 2,237 shares during the period. Quantbot Technologies LP purchased a new stake in DCT Industrial Trust in the third quarter valued at approximately $176,000. Oakbrook Investments LLC purchased a new stake in DCT Industrial Trust in the second quarter valued at approximately $202,000. Finally, Parametrica Management Ltd purchased a new stake in DCT Industrial Trust in the third quarter valued at approximately $214,000. 95.49% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on DCT. BidaskClub raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Janney Montgomery Scott initiated coverage on shares of DCT Industrial Trust in a research note on Friday, September 29th. They set a “neutral” rating and a $59.00 target price for the company. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 target price (up previously from $58.00) on shares of DCT Industrial Trust in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $57.00 target price on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. DCT Industrial Trust currently has an average rating of “Hold” and a consensus target price of $57.20.
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DCT Industrial Trust Inc (DCT) traded down $0.35 during midday trading on Friday, reaching $61.07. 455,100 shares of the company’s stock traded hands, compared to its average volume of 482,421. DCT Industrial Trust Inc has a one year low of $43.95 and a one year high of $61.53. The firm has a market capitalization of $5,687.62, a P/E ratio of 25.34, a PEG ratio of 5.92 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 (NYSE:DCT) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $105.96 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. sell-side analysts anticipate that DCT Industrial Trust Inc will post 2.44 earnings per share for the current year.
The firm also recently announced 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. This is an increase from DCT Industrial Trust’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, December 21st. This represents a $1.44 annualized dividend and a dividend yield of 2.36%. DCT Industrial Trust’s dividend payout ratio is 112.73%.
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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