791,279 Shares in DCT Industrial Trust Inc (DCT) Acquired by Norges Bank

Norges Bank bought a new stake in shares of DCT Industrial Trust Inc (NYSE:DCT) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm bought 791,279 shares of the company’s stock, valued at approximately $37,886,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in DCT Industrial Trust by 1.3% in the fourth quarter. State Street Corp now owns 4,063,784 shares of the company’s stock worth $194,573,000 after buying an additional 50,604 shares in the last quarter. BlackRock Fund Advisors increased its position in DCT Industrial Trust by 6.1% in the third quarter. BlackRock Fund Advisors now owns 3,815,760 shares of the company’s stock worth $185,255,000 after buying an additional 220,038 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in DCT Industrial Trust by 20.1% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,902,918 shares of the company’s stock worth $92,387,000 after buying an additional 318,763 shares in the last quarter. Dimensional Fund Advisors LP increased its position in DCT Industrial Trust by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,288,120 shares of the company’s stock worth $61,674,000 after buying an additional 51,227 shares in the last quarter. Finally, Standard Life Investments LTD increased its position in DCT Industrial Trust by 329.7% in the third quarter. Standard Life Investments LTD now owns 1,254,675 shares of the company’s stock worth $60,920,000 after buying an additional 962,674 shares in the last quarter. 97.18% of the stock is owned by hedge funds and other institutional investors.

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

Shares of DCT Industrial Trust Inc (NYSE:DCT) opened at 47.77 on Monday. DCT Industrial Trust Inc has a one year low of $38.66 and a one year high of $50.57. The stock’s 50 day moving average price is $46.91 and its 200-day moving average price is $46.79. The stock has a market cap of $4.39 billion, a PE ratio of 46.47 and a beta of 0.89.

DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $102.23 million for the quarter, compared to the consensus estimate of $101.68 million. DCT Industrial Trust had a return on equity of 4.82% and a net margin of 23.65%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. On average, equities analysts predict that DCT Industrial Trust Inc will post $0.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 12th. Investors of record on Friday, March 31st will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Wednesday, March 29th. DCT Industrial Trust’s dividend payout ratio is currently 120.39%.

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A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of DCT Industrial Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 9th. Capital One Financial Corp. raised shares of DCT Industrial Trust from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a research note on Wednesday, February 8th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. downgraded shares of DCT Industrial Trust from an “overweight” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research note on Friday, December 16th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. DCT Industrial Trust presently has an average rating of “Hold” and a consensus target price of $47.00.

DCT Industrial Trust Company 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.

5 Day Chart for NYSE:DCT

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