Neuburgh Advisers LLC Sells 2,662 Shares of DCT Industrial Trust Inc (DCT)

Neuburgh Advisers LLC reduced its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 44.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,322 shares of the real estate investment trust’s stock after selling 2,662 shares during the period. Neuburgh Advisers LLC’s holdings in DCT Industrial Trust were worth $160,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of DCT Industrial Trust by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,477 shares of the real estate investment trust’s stock valued at $645,000 after buying an additional 143 shares during the last quarter. World Asset Management Inc increased its position 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 buying an additional 173 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 buying an additional 299 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of DCT Industrial Trust by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,523 shares of the real estate investment trust’s stock worth $1,517,000 after buying an additional 400 shares in the last quarter. Finally, State Treasurer State of Michigan increased its position in shares of DCT Industrial Trust by 1.6% in the first quarter. State Treasurer State of Michigan now owns 37,300 shares of the real estate investment trust’s stock worth $1,795,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 97.18% of the company’s stock.

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

DCT Industrial Trust Inc (NYSE:DCT) traded up 1.076% during midday trading on Tuesday, hitting $53.055. The company had a trading volume of 66,861 shares. The stock has a 50 day moving average price of $50.80 and a 200-day moving average price of $47.70. DCT Industrial Trust Inc has a 52 week low of $41.97 and a 52 week high of $53.10. The stock has a market capitalization of $4.88 billion, a PE ratio of 67.845 and a beta of 0.89.

DCT Industrial Trust (NYSE:DCT) last announced its 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. DCT Industrial Trust had a return on equity of 4.82% and a net margin of 23.65%. The business had revenue of $105.90 million during the quarter, compared to analysts’ expectations of $103.61 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts predict that DCT Industrial Trust Inc will post $0.61 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.36%. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 120.39%.

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A number of brokerages recently commented on DCT. Citigroup Inc restated a “neutral” rating and set a $52.00 target price (up previously from $49.00) on shares of DCT Industrial Trust in a report on Monday, May 15th. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Tuesday, January 24th. Finally, Capital One Financial Corp. raised DCT Industrial Trust from an “equal weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research note on Wednesday, February 8th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $49.17.

In other news, insider Philip L. Hawkins sold 19,731 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $51.39, for a total value of $1,013,976.09. Following the completion of the sale, the insider now directly owns 142,167 shares in the company, valued at $7,305,962.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% 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.

12 Month Chart for NYSE:DCT

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