Sii Investments Inc. WI Has $566,000 Stake in DCT Industrial Trust Inc (DCT)

Sii Investments Inc. WI held its position in DCT Industrial Trust Inc (NYSE:DCT) during the first quarter, Holdings Channel reports. The firm owned 11,760 shares of the real estate investment trust’s stock at the end of the first quarter. Sii Investments Inc. WI’s holdings in DCT Industrial Trust were worth $566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DCT. Vanguard Group Inc. increased its position in shares of 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 valued at $691,469,000 after buying an additional 535,299 shares during the period. BlackRock Inc. increased its position 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 valued at $509,986,000 after buying an additional 10,159,364 shares during the period. State Street Corp increased its position in shares of DCT Industrial Trust by 1.3% in the fourth quarter. State Street Corp now owns 4,063,784 shares of the real estate investment trust’s stock valued at $194,573,000 after buying an additional 50,604 shares during the period. Morgan Stanley increased its position 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 valued at $72,981,000 after buying an additional 975,957 shares during the period. Finally, Dimensional Fund Advisors LP increased its position 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 valued at $62,295,000 after buying an additional 6,497 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

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

Shares of DCT Industrial Trust Inc (NYSE:DCT) traded down 0.04% on Thursday, reaching $55.18. 319,272 shares of the company traded hands. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 70.56 and a beta of 0.97. The stock has a 50 day moving average of $52.33 and a 200 day moving average of $48.73. DCT Industrial Trust Inc has a 52-week low of $42.96 and a 52-week high of $55.69.

DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $105.90 million during the quarter, compared to analysts’ expectations of $103.61 million. DCT Industrial Trust had a net margin of 17.68% and a return on equity of 3.67%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. On average, analysts expect that DCT Industrial Trust Inc will post $0.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Friday, June 30th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, June 28th. DCT Industrial Trust’s dividend payout ratio is currently 158.97%.

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Several research analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Wednesday, May 24th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $52.00 target price (up previously from $49.00) on shares of DCT Industrial Trust in a report on Monday, May 15th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.50.

In other news, insider Mark Skomal sold 1,320 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $53.66, for a total value of $70,831.20. Following the transaction, the insider now directly owns 1,167 shares of the company’s stock, valued at $62,621.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew T. Murphy sold 7,481 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $52.90, for a total transaction of $395,744.90. Following the completion of the transaction, the chief financial officer now directly owns 37 shares in the company, valued at $1,957.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,532 shares of company stock valued at $1,480,552. Corporate 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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