DCT Industrial Trust Inc (DCT) Stake Increased by Citadel Advisors LLC
Citadel Advisors LLC grew its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 33.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 88,072 shares of the real estate investment trust’s stock after acquiring an additional 22,291 shares during the quarter. Citadel Advisors LLC owned about 0.10% of DCT Industrial Trust worth $4,707,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in shares of DCT Industrial Trust by 13.6% during the 1st 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 acquired a new position in shares of DCT Industrial Trust during the 2nd quarter worth $202,000. Blue Sky Asset Management LLC acquired a new position in shares of DCT Industrial Trust during the 1st quarter worth $189,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of DCT Industrial Trust by 5.6% during the 1st 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 holdings in shares of DCT Industrial Trust by 3.1% during the 1st 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. Hedge funds and other institutional investors own 95.42% of the company’s stock.
DCT Industrial Trust Inc (NYSE:DCT) opened at 57.50 on Thursday. DCT Industrial Trust Inc has a one year low of $42.96 and a one year high of $60.02. The firm has a 50-day moving average price of $57.63 and a 200-day moving average price of $53.15. The firm has a market cap of $5.35 billion, a PE ratio of 57.62 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $104.50 million during the quarter, compared to analyst estimates of $106.54 million. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. On average, equities analysts expect that DCT Industrial Trust Inc will post $0.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, October 6th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio is 125.25%.
A number of research firms have recently commented on DCT. Zacks Investment Research cut DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub cut DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. BMO Capital Markets reissued a “market perform” rating and set a $61.00 price target on shares of DCT Industrial Trust in a report on Monday, September 11th. UBS AG cut DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price target for the company. in a report on Friday, September 8th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $60.00 price target (up previously from $58.00) on shares of DCT Industrial Trust in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $53.89.
In related news, Director John C. Okeeffe sold 1,750 shares of DCT Industrial Trust stock in a transaction on Friday, August 25th. The stock was sold at an average price of $57.95, for a total transaction of $101,412.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by company insiders.
DCT Industrial Trust 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.
Receive News & Stock Ratings for DCT Industrial Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCT Industrial Trust Inc and related stocks with our FREE daily email newsletter.