First Citizens Bank & Trust Co. Invests $330,000 in DCT Industrial Trust Inc (DCT) Stock

First Citizens Bank & Trust Co. purchased a new position in shares of DCT Industrial Trust Inc (NYSE:DCT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,615 shares of the real estate investment trust’s stock, valued at approximately $330,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake 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 worth $773,062,000 after purchasing an additional 96,295 shares during the period. PGGM Investments grew its stake 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 worth $81,551,000 after purchasing an additional 28,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of DCT Industrial Trust by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,359,409 shares of the real estate investment trust’s stock worth $78,737,000 after purchasing an additional 31,086 shares during the period. Principal Financial Group Inc. grew its stake in shares of DCT Industrial Trust by 207.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,357,508 shares of the real estate investment trust’s stock worth $78,627,000 after purchasing an additional 915,856 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of DCT Industrial Trust by 43.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,326,546 shares of the real estate investment trust’s stock worth $76,834,000 after purchasing an additional 401,099 shares during the period. 95.13% of the stock is currently owned by institutional investors and hedge funds.

DCT has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and set a $60.00 price target on shares of DCT Industrial Trust in a research note on Tuesday, January 9th. JPMorgan Chase & Co. cut shares of DCT Industrial Trust from a “neutral” rating to an “underweight” rating and set a $58.00 price target on the stock. in a research note on Friday, December 15th. SunTrust Banks reaffirmed a “hold” rating and set a $56.00 price target on shares of DCT Industrial Trust in a research note on Tuesday, October 24th. Citigroup upped their price target on shares of DCT Industrial Trust from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $58.40.

Shares of DCT Industrial Trust Inc (DCT) opened at $56.49 on Friday. The company has a market cap of $5,260.00, a PE ratio of 51.35, a P/E/G ratio of 5.09 and a beta of 0.94. DCT Industrial Trust Inc has a 12 month low of $43.95 and a 12 month high of $61.53. The company has a quick ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.84.

DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $105.18 million for the quarter, compared to analysts’ expectations of $105.96 million. DCT Industrial Trust had a net margin of 24.39% and a return on equity of 5.16%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. equities analysts anticipate that DCT Industrial Trust Inc will post 2.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 22nd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.55%. This is a boost from DCT Industrial Trust’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, December 21st. DCT Industrial Trust’s dividend payout ratio is presently 130.91%.

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DCT Industrial Trust 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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