Oppenheimer Asset Management Inc. Buys 25 Shares of DCT Industrial Trust Inc (DCT)
Oppenheimer Asset Management Inc. raised its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,010 shares of the real estate investment trust’s stock after buying an additional 25 shares during the period. Oppenheimer Asset Management Inc.’s holdings in DCT Industrial Trust were worth $321,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in DCT Industrial Trust by 13.6% during the first quarter. PNC Financial Services Group Inc. now owns 2,780 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 333 shares in the last quarter. Blue Sky Asset Management LLC bought a new position in shares of DCT Industrial Trust in the first quarter worth about $189,000. Oakbrook Investments LLC bought a new position in shares of DCT Industrial Trust in the second quarter worth about $202,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of DCT Industrial Trust by 5.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 299 shares during the period. Finally, World Asset Management Inc increased its stake in shares of DCT Industrial Trust by 3.1% in the first quarter. World Asset Management Inc now owns 5,678 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 173 shares during the period. Institutional investors own 95.42% of the company’s stock.
A number of equities analysts have recently commented on DCT shares. BidaskClub lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Stifel Nicolaus lifted their price objective on DCT Industrial Trust from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Jefferies Group LLC started coverage on DCT Industrial Trust in a research note on Friday, June 23rd. They issued a “hold” rating and a $53.00 price objective on the stock. Finally, UBS AG lowered DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $53.89.
DCT Industrial Trust Inc (DCT) opened at 59.58 on Monday. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 59.70 and a beta of 0.95. The stock has a 50 day moving average price of $57.45 and a 200-day moving average price of $52.91. DCT Industrial Trust Inc has a 1-year low of $42.96 and a 1-year high of $60.02.
DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings data 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 company had revenue of $104.50 million during 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 firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts predict that DCT Industrial Trust Inc will post $0.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, October 6th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.08%. 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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In related news, Director John C. Okeeffe sold 1,750 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $57.95, for a total value of $101,412.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.
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.
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