Janus Capital Management LLC cut its position in DCT Industrial Trust Inc (NYSE:DCT) by 29.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,300 shares of the real estate investment trust’s stock after selling 31,600 shares during the period. Janus Capital Management LLC owned approximately 0.08% of DCT Industrial Trust worth $3,720,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in DCT Industrial Trust by 3.9% in the first quarter. Vanguard Group Inc. now owns 14,369,667 shares of the real estate investment trust’s stock worth $691,469,000 after buying an additional 535,299 shares in the last quarter. BlackRock Inc. boosted its stake in shares of DCT Industrial Trust by 2,315.3% in the first quarter. BlackRock Inc. now owns 10,598,157 shares of the real estate investment trust’s stock worth $509,986,000 after buying an additional 10,159,364 shares during the last quarter. Morgan Stanley boosted its stake in shares of DCT Industrial Trust by 180.5% in the first quarter. Morgan Stanley now owns 1,516,648 shares of the real estate investment trust’s stock worth $72,981,000 after buying an additional 975,957 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of DCT Industrial Trust by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,294,617 shares of the real estate investment trust’s stock worth $62,295,000 after buying an additional 6,497 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of DCT Industrial Trust by 8.1% in the first quarter. Bank of New York Mellon Corp now owns 1,146,111 shares of the real estate investment trust’s stock worth $55,150,000 after buying an additional 86,026 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.
DCT Industrial Trust Inc (NYSE:DCT) traded up 0.42% on Friday, reaching $55.44. The company’s stock had a trading volume of 445,131 shares. The company has a market cap of $5.16 billion, a P/E ratio of 55.55 and a beta of 0.95. The company has a 50-day moving average price of $54.81 and a 200 day moving average price of $50.87. DCT Industrial Trust Inc has a 12 month low of $42.96 and a 12 month high of $57.28.
DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share 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 analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. On average, equities research analysts anticipate that DCT Industrial Trust Inc will post $0.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, October 6th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 125.25%.
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DCT has been the subject of a number of recent analyst reports. Zacks Investment Research cut DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Jefferies Group LLC started coverage on DCT Industrial Trust in a research report on Friday, June 23rd. They issued a “hold” rating and a $53.00 price objective for the company. Stifel Nicolaus increased their price objective on DCT Industrial Trust from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. Citigroup Inc. reissued a “neutral” rating and issued a $52.00 price objective (up from $49.00) on shares of DCT Industrial Trust in a research report on Monday, May 15th. Finally, BidaskClub cut DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. DCT Industrial Trust has a consensus rating of “Hold” and a consensus target price of $52.71.
In related news, CFO Matthew T. Murphy sold 7,481 shares of DCT Industrial Trust stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.90, for a total transaction of $395,744.90. Following the completion of the sale, the chief financial officer now owns 37 shares of the company’s stock, valued at $1,957.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Skomal sold 1,320 shares of DCT Industrial Trust stock in a transaction on Monday, June 5th. The shares were sold at an average price of $53.66, for a total value of $70,831.20. Following the sale, the insider now directly owns 1,167 shares of the company’s stock, valued at approximately $62,621.22. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
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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