DCT Industrial Trust Inc (DCT) Shares Sold by Heitman Real Estate Securities LLC
Heitman Real Estate Securities LLC lowered its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 52.3% during the fourth quarter, Holdings Channel reports. The fund owned 295,114 shares of the real estate investment trust’s stock after selling 324,041 shares during the period. Heitman Real Estate Securities LLC’s holdings in DCT Industrial Trust were worth $17,347,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in DCT Industrial Trust during the 3rd quarter valued at about $176,000. Campbell & CO Investment Adviser LLC acquired a new position in DCT Industrial Trust during the 3rd quarter valued at about $234,000. Lourd Capital LLC acquired a new position in DCT Industrial Trust during the 4th quarter valued at about $298,000. First Citizens Bank & Trust Co. acquired a new position in DCT Industrial Trust during the 4th quarter valued at about $330,000. Finally, Virtu Financial LLC acquired a new position in DCT Industrial Trust during the 4th quarter valued at about $333,000. 95.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on DCT shares. ValuEngine downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. downgraded shares of DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 target price on the stock. in a research report on Friday, December 15th. Jefferies Group restated a “hold” rating and set a $59.00 target price on shares of DCT Industrial Trust in a research report on Friday, November 24th. SunTrust Banks restated a “hold” rating on shares of DCT Industrial Trust in a research report on Friday, December 1st. Finally, Citigroup cut their target price on shares of DCT Industrial Trust from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $59.20.
DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.38). The firm had revenue of $108.90 million during the quarter, compared to analyst estimates of $106.66 million. DCT Industrial Trust had a net margin of 24.34% and a return on equity of 5.27%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. research analysts predict that DCT Industrial Trust Inc will post 2.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Friday, March 30th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.52%. DCT Industrial Trust’s dividend payout ratio is 129.73%.
In related news, insider John V. Pharris sold 3,362 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $55.93, for a total value of $188,036.66. Following the sale, the insider now directly owns 4,261 shares in the company, valued at approximately $238,317.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
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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