American Century Companies Inc. acquired a new stake in DCT Industrial Trust Inc (NYSE:DCT) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 274,130 shares of the real estate investment trust’s stock, valued at approximately $15,878,000. American Century Companies Inc. owned about 0.29% of DCT Industrial Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in DCT Industrial Trust by 0.7% in the second quarter. Vanguard Group Inc. now owns 14,465,962 shares of the real estate investment trust’s stock valued at $773,062,000 after purchasing an additional 96,295 shares during the last quarter. Bank of New York Mellon Corp lifted its position in DCT Industrial Trust by 37.4% in the second quarter. Bank of New York Mellon Corp now owns 1,574,329 shares of the real estate investment trust’s stock valued at $84,132,000 after purchasing an additional 428,218 shares during the last quarter. Standard Life Investments LTD lifted its position in DCT Industrial Trust by 18.6% in the second quarter. Standard Life Investments LTD now owns 1,538,501 shares of the real estate investment trust’s stock valued at $82,209,000 after purchasing an additional 241,699 shares during the last quarter. PGGM Investments lifted its position in DCT Industrial Trust by 2.0% in the third quarter. PGGM Investments now owns 1,408,000 shares of the real estate investment trust’s stock valued at $81,551,000 after purchasing an additional 28,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in DCT Industrial Trust by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,328,323 shares of the real estate investment trust’s stock valued at $70,986,000 after purchasing an additional 33,706 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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DCT Industrial Trust Inc (NYSE DCT) opened at $60.18 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 0.87. DCT Industrial Trust Inc has a 12 month low of $43.95 and a 12 month high of $60.98. The stock has a market capitalization of $5,640.00, a P/E ratio of 25.21, a PEG ratio of 5.89 and a beta of 0.94.

DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $105.18 million for the quarter, compared to analysts’ expectations of $105.96 million. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. sell-side analysts anticipate that DCT Industrial Trust Inc will post 2.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 22nd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.39%. This is a boost 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 is presently 112.73%.

DCT has been the subject of several recent research reports. KeyCorp reiterated a “buy” rating on shares of DCT Industrial Trust in a research report on Friday, October 20th. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Tuesday, October 10th. Stifel Nicolaus reissued a “buy” rating and set a $60.00 target price (up from $58.00) on shares of DCT Industrial Trust in a research note on Wednesday, August 9th. BidaskClub raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, ValuEngine raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. One investment 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’s stock. The stock has an average rating of “Hold” and a consensus target price of $57.20.

In related news, Director John C. Okeeffe sold 1,750 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $57.95, for a total value of $101,412.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate 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.

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Institutional Ownership by Quarter for DCT Industrial Trust (NYSE:DCT)

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