DCT Industrial Trust Inc (NYSE:DCT) is expected to pay $0.29 on Oct 19, 2016. The indicated annual dividend is $1.16. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on DCT Industrial Trust Inc’s current price of $47.85, the dividend is 0.61%. This dividend’s record date is Oct 7, 2016 and the announcement date is Aug 5, 2016. The stock decreased 1.44% or $0.7 on October 3, hitting $47.85. DCT Industrial Trust Inc (NYSE:DCT) has risen 28.18% since March 1, 2016 and is uptrending. It has outperformed by 18.94% the S&P500.
DCT Industrial Trust Inc. is an industrial real estate company. The company has a market cap of $4.31 billion. The Firm is engaged in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in distribution markets in the United States. It has a 40.88 P/E ratio. The Firm operates in three divisions: East, Central and West.
Insitutional Activity: The institutional sentiment increased to 1.4 in Q2 2016. Its up 0.04, from 1.36 in 2016Q1. The ratio increased, as 21 funds sold all DCT Industrial Trust Inc shares owned while 67 reduced positions. 60 funds bought stakes while 63 increased positions. They now own 87.98 million shares or 0.71% more from 87.36 million shares in 2016Q1.
Northern Trust Corp has 1.28 million shares for 0.02% of their US portfolio. New York State Common Retirement Fund holds 0.01% or 183,900 shares in its portfolio. Moreover, Nuveen Asset Mgmt has 0.31% invested in DCT Industrial Trust Inc (NYSE:DCT) for 1.05 million shares. Profund Advsr Ltd Company accumulated 16,928 shares or 0.04% of the stock. Lazard Asset Mngmt reported 322,548 shares or 0.04% of all its holdings. Royal National Bank & Trust Of Canada holds 36,486 shares or 0% of its portfolio. Teachers Insur And Annuity Association Of America owns 96,068 shares or 0.2% of their US portfolio. Cipher Capital Limited Partnership accumulated 16,748 shares or 0.06% of the stock. Sii Wi last reported 18,036 shares in the company. Macquarie Grp Incorporated accumulated 1.20M shares or 0.11% of the stock. Moreover, Schwab Charles Management Incorporated has 0.03% invested in DCT Industrial Trust Inc (NYSE:DCT) for 575,036 shares. Amica Retiree Medical Trust has 1,050 shares for 0.04% of their US portfolio. Convergence Investment Prns Limited Liability Co accumulated 0.63% or 94,920 shares. California Pub Employees Retirement Sys holds 0.02% or 228,356 shares in its portfolio. Moreover, Citadel Ltd Liability Corp has 0% invested in DCT Industrial Trust Inc (NYSE:DCT) for 18,942 shares.
Insider Transactions: Since May 11, 2016, the stock had 0 insider buys, and 3 insider sales for $790,825 net activity. Another trade for 2,250 shares valued at $102,625 was sold by OKeeffe John C. Another trade for 1,200 shares valued at $50,400 was made by Skomal Mark on Friday, May 20. On Wednesday, May 11 Doyle Neil sold $637,800 worth of the stock or 15,000 shares.
DCT Industrial Trust Inc (NYSE:DCT) Ratings Coverage
Out of 8 analysts covering DCT Industrial Trust (NYSE:DCT), 1 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. DCT Industrial Trust has been the topic of 10 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was initiated by Cowen & Co on Wednesday, August 12 with “Market Perform”. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. The stock of DCT Industrial Trust Inc (NYSE:DCT) earned “Hold” rating by Evercore on Monday, May 23. The firm has “Underperform” rating by Credit Suisse given on Friday, December 11. The firm has “Overweight” rating given on Monday, September 14 by KeyBanc Capital Markets. The stock of DCT Industrial Trust Inc (NYSE:DCT) earned “Neutral” rating by Credit Suisse on Friday, February 5. The stock of DCT Industrial Trust Inc (NYSE:DCT) has “Buy” rating given on Tuesday, September 8 by Evercore. On Wednesday, September 2 the stock rating was downgraded by TheStreet to “Hold”. Mizuho initiated DCT Industrial Trust Inc (NYSE:DCT) rating on Wednesday, September 28. Mizuho has “Neutral” rating and $51 price target.
More recent DCT Industrial Trust Inc (NYSE:DCT) news were published by: Forbes.com which released: “Ex-Dividend Reminder: State Street, Healthcare Trust Of America and DCT …” on June 27, 2016. Also Businesswire.com published the news titled: “DCT Industrial Trust® Acquires 27.4 Acres in Dallas for Two Development Projects” on July 14, 2016. Businesswire.com‘s news article titled: “DCT Industrial Trust® Breaks Ground on 796000 Square Foot Development in Tracy, CA” with publication date: July 13, 2016 was also an interesting one.
DCT Company Profile
DCT Industrial Trust Inc. (DCT), incorporated on April 12, 2002, is an industrial real estate company. The Firm is engaged in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in distribution markets in the United States. The Firm operates in three divisions: East, Central and West. The Firm conducts its business through an owned and controlled subsidiary, DCT Industrial Operating Partnership LP (Operating Partnership). The Firm owns its properties through the Operating Partnership and its subsidiaries. DCT owns approximately 95.6% of the equity interests in the Operating Partnership. The Company’s Projects include DCT Fairburn, DCT Downs Park Building A, DCT Downs Park Building B, DCT Central Avenue, DCT Stockyards Industrial Center, DCT North Avenue Distribution Center, DCT O’Hare Logistics Center, DCT Waters Ridge, DCT Freeport West, DCT Northwest Crossroads Logistics Center II, DCT Fife 45 North and DCT Jurupa Ranch.
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