DCT Industrial Trust Inc (DCT) Holdings Lifted by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System raised its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 3.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,258 shares of the real estate investment trust’s stock after buying an additional 3,800 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.11% of DCT Industrial Trust worth $5,981,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 96,295 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of 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 acquiring an additional 428,218 shares during the last quarter. Standard Life Investments LTD boosted its position in shares of 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 acquiring an additional 241,699 shares during the last quarter. PGGM Investments boosted its position in shares of DCT Industrial Trust by 2.0% during the 3rd quarter. PGGM Investments now owns 1,408,000 shares of the real estate investment trust’s stock valued at $81,551,000 after acquiring an additional 28,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 acquiring an additional 33,706 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

In related news, Director John C. Okeeffe sold 1,750 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $57.95, for a total value of $101,412.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Shares of DCT Industrial Trust Inc (DCT) opened at $60.72 on Tuesday. The firm has a market capitalization of $5,564.69, a P/E ratio of 24.79, a P/E/G ratio of 6.01 and a beta of 0.95. DCT Industrial Trust Inc has a 12-month low of $42.96 and a 12-month high of $60.82. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.87 and a quick ratio of 1.07.

DCT Industrial Trust (NYSE:DCT) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $105.18 million during the quarter, compared to the consensus estimate of $105.96 million. DCT Industrial Trust had a return on equity of 5.16% and a net margin of 24.39%. DCT Industrial Trust’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. analysts expect that DCT Industrial Trust Inc will post 2.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 22nd will be given a $0.36 dividend. This is an increase from DCT Industrial Trust’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, December 21st. This represents a $1.44 dividend on an annualized basis and a yield of 2.37%. DCT Industrial Trust’s payout ratio is presently 112.73%.

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A number of brokerages have recently issued reports on DCT. ValuEngine upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Friday. Citigroup Inc. lifted their price target on DCT Industrial Trust from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Wednesday, November 8th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $56.00 price target on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $57.00 price target on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $57.20.

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

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