DCT Industrial Trust Inc (DCT) Holdings Increased by American International Group Inc.

American International Group Inc. boosted its position in DCT Industrial Trust Inc (NYSE:DCT) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,418 shares of the real estate investment trust’s stock after purchasing an additional 2,448 shares during the quarter. American International Group Inc. owned about 0.20% of DCT Industrial Trust worth $11,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its position in shares of DCT Industrial Trust by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,010 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 25 shares in the last quarter. World Asset Management Inc raised its position in shares of DCT Industrial Trust by 2.5% during the 2nd quarter. World Asset Management Inc now owns 5,822 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 144 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of DCT Industrial Trust by 8.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 246 shares in the last quarter. Utah Retirement Systems raised its position in shares of DCT Industrial Trust by 1.3% during the 2nd quarter. Utah Retirement Systems now owns 19,760 shares of the real estate investment trust’s stock valued at $1,056,000 after buying an additional 253 shares in the last quarter. Finally, GAM Holding AG raised its position in shares of DCT Industrial Trust by 5.3% during the 2nd quarter. GAM Holding AG now owns 7,968 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.

Several analysts have recently weighed in on DCT shares. SunTrust Banks, Inc. restated a “hold” rating and set a $56.00 price objective on shares of DCT Industrial Trust in a research report on Tuesday, October 24th. Citigroup Inc. lifted their target price on shares of DCT Industrial Trust from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Tuesday, October 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 target price on shares of DCT Industrial Trust in a research report on Friday. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $61.00 target price on shares of DCT Industrial Trust in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. DCT Industrial Trust has an average rating of “Hold” and a consensus target price of $57.40.

DCT Industrial Trust Inc (DCT) opened at $60.81 on Monday. The company has a market cap of $5,660.00, a price-to-earnings ratio of 25.23, a P/E/G ratio of 5.90 and a beta of 0.94. DCT Industrial Trust Inc has a 52-week low of $43.95 and a 52-week high of $61.53. 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 announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $105.18 million for the quarter, compared to analyst estimates of $105.96 million. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. analysts forecast that DCT Industrial Trust Inc will post 2.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, December 21st. This is a positive change from DCT Industrial Trust’s previous quarterly dividend of $0.31. DCT Industrial Trust’s dividend payout ratio (DPR) is 112.73%.

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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)

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