DCT Industrial Trust Inc (DCT) Holdings Cut by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. decreased its holdings in shares of DCT Industrial Trust Inc (NYSE:DCT) by 19.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,710 shares of the real estate investment trust’s stock after selling 1,870 shares during the period. Stratos Wealth Partners LTD.’s holdings in DCT Industrial Trust were worth $447,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake 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 acquiring an additional 333 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of DCT Industrial Trust by 397.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,800 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 2,237 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of DCT Industrial Trust during the 3rd quarter worth approximately $214,000. Oakbrook Investments LLC purchased a new stake in shares of DCT Industrial Trust during the 2nd quarter worth approximately $202,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of DCT Industrial Trust during the 2nd quarter worth approximately $303,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the company. BMO Capital Markets reissued a “market perform” rating and set a $61.00 price target on shares of DCT Industrial Trust in a research note on Monday, September 11th. Citigroup Inc. boosted their price target on DCT Industrial Trust from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. UBS AG lowered DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price target on the stock. in a research note on Friday, September 8th. Jefferies Group LLC reissued a “hold” rating and set a $57.00 price target on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. Finally, Janney Montgomery Scott assumed coverage on DCT Industrial Trust in a research note on Friday, September 29th. They set a “neutral” rating and a $59.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $57.20.
In related news, Director John C. Okeeffe sold 1,750 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $57.95, for a total value of $101,412.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
Shares of DCT Industrial Trust Inc (NYSE:DCT) opened at $60.18 on Friday. DCT Industrial Trust Inc has a 52 week low of $43.95 and a 52 week high of $60.98. The company has a quick ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $5,604.74, a P/E ratio of 24.97, a P/E/G ratio of 5.83 and a beta of 0.95.
DCT Industrial Trust (NYSE:DCT) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $105.18 million for the quarter, compared to analyst estimates of $105.96 million. During the same quarter in the prior year, the company earned $0.60 EPS. DCT Industrial Trust’s revenue was up 4.9% on a year-over-year basis. equities analysts forecast that DCT Industrial Trust Inc will post 2.44 earnings per share for the current year.
The business also recently announced 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. The ex-dividend date is Thursday, December 21st. This represents a $1.44 dividend on an annualized basis and a yield of 2.39%. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s dividend payout ratio is presently 112.73%.
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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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