DCT Industrial Trust Inc (DCT) Shares Bought by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. raised its stake in DCT Industrial Trust Inc (NYSE:DCT) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,522 shares of the real estate investment trust’s stock after buying an additional 32,411 shares during the period. Rothschild Asset Management Inc. owned 0.46% of DCT Industrial Trust worth $24,936,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in shares of DCT Industrial Trust by 8.8% during 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. lifted its holdings in shares of DCT Industrial Trust by 397.3% during 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 acquired a new position in shares of DCT Industrial Trust during the third quarter worth $176,000. Oakbrook Investments LLC acquired a new position in shares of DCT Industrial Trust during the second quarter worth $202,000. Finally, Parametrica Management Ltd acquired a new position in shares of DCT Industrial Trust during the third quarter worth $214,000. Hedge funds and other institutional investors own 95.49% of the company’s stock.
A number of equities analysts have recently commented on DCT shares. Stifel Nicolaus reiterated 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. Zacks Investment Research lowered shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. UBS Group AG lowered shares of DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price target on the stock. in a report on Friday, September 8th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $61.00 price target on shares of DCT Industrial Trust in a report on Monday, September 11th. One investment 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’s stock. The stock presently 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 DCT Industrial Trust stock in a transaction on Friday, August 25th. The shares were sold at an average price of $57.95, for a total transaction of $101,412.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by company insiders.
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Shares of DCT Industrial Trust Inc (NYSE DCT) traded down $0.35 during midday trading on Thursday, reaching $61.07. 455,100 shares of the company were exchanged, compared to its average volume of 482,421. DCT Industrial Trust Inc has a fifty-two week low of $43.95 and a fifty-two week high of $61.53. The company has a market capitalization of $5,720.22, a P/E ratio of 25.49, a PEG ratio of 5.95 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.87 and a quick ratio of 1.07.
DCT Industrial Trust (NYSE:DCT) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The business had revenue of $105.18 million during the quarter, compared to the consensus estimate of $105.96 million. During the same quarter last year, the firm earned $0.60 earnings per share. DCT Industrial Trust’s quarterly revenue was up 4.9% on a year-over-year basis. analysts anticipate that DCT Industrial Trust Inc will post 2.44 earnings per share for the current year.
The company 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 dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 21st. This is an increase from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 112.73%.
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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