Amalgamated Bank Acquires 3,809 Shares of DCT Industrial Trust Inc (DCT)
Amalgamated Bank increased its holdings in DCT Industrial Trust Inc (NYSE:DCT) by 26.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,092 shares of the real estate investment trust’s stock after buying an additional 3,809 shares during the period. Amalgamated Bank’s holdings in DCT Industrial Trust were worth $967,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in DCT Industrial Trust by 13.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,780 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 333 shares in the last quarter. Oakbrook Investments LLC bought a new position in DCT Industrial Trust in the second quarter worth approximately $202,000. Blue Sky Asset Management LLC bought a new position in DCT Industrial Trust in the first quarter worth approximately $189,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in DCT Industrial Trust by 5.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 299 shares in the last quarter. Finally, World Asset Management Inc raised its stake in DCT Industrial Trust by 3.1% in the first quarter. World Asset Management Inc now owns 5,678 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 173 shares in the last quarter. 95.42% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on DCT shares. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Thursday, June 1st. Stifel Nicolaus upped their price target on DCT Industrial Trust from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. BidaskClub downgraded DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Jefferies Group LLC started coverage on DCT Industrial Trust in a research report on Friday, June 23rd. They set a “hold” rating and a $53.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $53.89.
DCT Industrial Trust Inc (DCT) opened at 57.50 on Thursday. The stock’s 50 day moving average price is $57.63 and its 200-day moving average price is $53.15. DCT Industrial Trust Inc has a 12 month low of $42.96 and a 12 month high of $60.02. The firm has a market capitalization of $5.35 billion, a P/E ratio of 57.62 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The business had revenue of $104.50 million for the quarter, compared to analyst estimates of $106.54 million. During the same period last year, the business earned $0.54 EPS. The company’s revenue was up 9.0% on a year-over-year basis. Equities analysts forecast that DCT Industrial Trust Inc will post $0.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, October 6th will be issued a $0.31 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.17%. DCT Industrial Trust’s payout ratio is 125.25%.
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In other news, Director John C. Okeeffe sold 1,750 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $57.95, for a total value of $101,412.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.
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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