DCT Industrial Trust Inc (DCT) Holdings Increased by Pacer Advisors Inc.
Pacer Advisors Inc. grew its holdings in DCT Industrial Trust Inc (NYSE:DCT) by 16.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,257 shares of the real estate investment trust’s stock after purchasing an additional 2,394 shares during the period. Pacer Advisors Inc.’s holdings in DCT Industrial Trust were worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in DCT. PNC Financial Services Group Inc. increased its stake 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 worth $161,000 after purchasing an additional 246 shares during the period. Meeder Asset Management Inc. increased its stake 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 worth $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 worth $176,000. Oakbrook Investments LLC purchased a new stake in DCT Industrial Trust in the second quarter worth $202,000. Finally, Parametrica Management Ltd purchased a new stake in DCT Industrial Trust in the third quarter worth $214,000. Institutional investors and hedge funds own 95.49% of the company’s stock.
A number of research firms have weighed in on DCT. ValuEngine upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Citigroup Inc. increased their price target on DCT Industrial Trust from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Wednesday, November 8th. SunTrust Banks, Inc. reissued a “hold” rating and set a $56.00 price target on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $57.00 price target on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. DCT Industrial Trust presently has a consensus rating of “Hold” and an average target price of $57.20.
DCT Industrial Trust Inc (NYSE DCT) opened at $60.81 on Friday. DCT Industrial Trust Inc has a 12-month low of $43.95 and a 12-month high of $61.53. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 0.87. The stock has a market capitalization of $5,687.62, a price-to-earnings ratio of 25.34, a PEG ratio of 5.92 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The business had revenue of $105.18 million for the quarter, compared to the consensus estimate of $105.96 million. During the same quarter in the prior year, the company earned $0.60 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. research analysts forecast that DCT Industrial Trust Inc will post 2.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd will be given 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 dividend on an annualized basis and a dividend yield of 2.37%. DCT Industrial Trust’s dividend payout ratio is presently 112.73%.
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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