Dynamic Technology Lab Private Ltd bought a new stake in shares of DCT Industrial Trust Inc (NYSE:DCT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,662 shares of the real estate investment trust’s stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its position in DCT Industrial Trust by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 14,465,962 shares of the real estate investment trust’s stock valued at $773,062,000 after purchasing an additional 96,295 shares during the period. Bank of New York Mellon Corp increased its position in DCT Industrial Trust by 37.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,574,329 shares of the real estate investment trust’s stock valued at $84,132,000 after purchasing an additional 428,218 shares during the period. Standard Life Investments LTD increased its position in DCT Industrial Trust by 18.6% during the 2nd quarter. Standard Life Investments LTD now owns 1,538,501 shares of the real estate investment trust’s stock valued at $82,209,000 after purchasing an additional 241,699 shares during the period. PGGM Investments increased its position in DCT Industrial Trust by 50.9% during the 2nd quarter. PGGM Investments now owns 1,380,000 shares of the real estate investment trust’s stock valued at $73,747,000 after purchasing an additional 465,333 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in DCT Industrial Trust by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,328,323 shares of the real estate investment trust’s stock valued at $70,986,000 after purchasing an additional 33,706 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

DCT Industrial Trust Inc (NYSE:DCT) opened at 58.24 on Friday. The stock has a market cap of $5.42 billion, a P/E ratio of 58.36 and a beta of 0.95. DCT Industrial Trust Inc has a 12 month low of $42.96 and a 12 month high of $60.21. The stock has a 50 day moving average of $58.76 and a 200-day moving average of $55.29.

DCT Industrial Trust (NYSE:DCT) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The firm had revenue of $104.50 million for the quarter, compared to analyst estimates of $106.54 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts forecast that DCT Industrial Trust Inc will post $0.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Friday, October 6th were paid a dividend of $0.31 per share. The ex-dividend date was Thursday, October 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.13%. DCT Industrial Trust’s payout ratio is 125.25%.

In related news, Director John C. Okeeffe sold 1,750 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $57.95, for a total transaction of $101,412.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

A number of research firms have commented on DCT. Jefferies Group LLC reissued a “hold” rating and set a $57.00 target price on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. SunTrust Banks, Inc. reissued a “hold” rating and set a $56.00 target price on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. KeyCorp reissued a “buy” rating on shares of DCT Industrial Trust in a research report on Friday, October 20th. Stifel Nicolaus reissued a “buy” rating and set a $60.00 target price (up previously from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $55.55.

ILLEGAL ACTIVITY WARNING: “Dynamic Technology Lab Private Ltd Takes Position in DCT Industrial Trust Inc (DCT)” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://theolympiareport.com/2017/10/29/dynamic-technology-lab-private-ltd-takes-position-in-dct-industrial-trust-inc-dct.html.

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.

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

Receive News & Ratings for DCT Industrial Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCT Industrial Trust Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.