Daiwa Securities Group Inc. raised its stake in DCT Industrial Trust Inc (NYSE:DCT) by 13.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,300 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the period. Daiwa Securities Group Inc.’s holdings in DCT Industrial Trust were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DCT. BlackRock Inc. increased its position in DCT Industrial Trust by 2,315.3% in the first quarter. BlackRock Inc. now owns 10,598,157 shares of the real estate investment trust’s stock valued at $509,986,000 after buying an additional 10,159,364 shares during the last quarter. Morgan Stanley increased its position in DCT Industrial Trust by 180.5% in the first quarter. Morgan Stanley now owns 1,516,648 shares of the real estate investment trust’s stock valued at $72,981,000 after buying an additional 975,957 shares during the last quarter. Vanguard Group Inc. increased its position in DCT Industrial Trust by 3.9% in the first quarter. Vanguard Group Inc. now owns 14,369,667 shares of the real estate investment trust’s stock valued at $691,469,000 after buying an additional 535,299 shares during the last quarter. PGGM Investments increased its position in DCT Industrial Trust by 50.9% in the second quarter. PGGM Investments now owns 1,380,000 shares of the real estate investment trust’s stock valued at $73,747,000 after buying an additional 465,333 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in DCT Industrial Trust by 10,631.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 310,255 shares of the real estate investment trust’s stock valued at $14,929,000 after buying an additional 307,364 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

DCT Industrial Trust Inc (NYSE:DCT) opened at 56.70 on Tuesday. The stock has a 50 day moving average of $54.89 and a 200-day moving average of $51.03. DCT Industrial Trust Inc has a 52-week low of $42.96 and a 52-week high of $57.28. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 56.81 and a beta of 0.95.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The business had revenue of $104.50 million during the quarter, compared to the consensus estimate of $106.54 million. During the same period in the prior year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that DCT Industrial Trust Inc will post $0.84 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, October 6th will be paid a $0.31 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.24 annualized dividend and a yield of 2.19%. DCT Industrial Trust’s payout ratio is 125.25%.

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Several equities analysts have recently weighed in on DCT shares. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th. BidaskClub lowered shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Citigroup Inc. restated a “neutral” rating and issued a $52.00 price objective (up from $49.00) on shares of DCT Industrial Trust in a research report on Monday, May 15th. Stifel Nicolaus raised their price objective on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. Finally, Jefferies Group LLC began coverage on shares of DCT Industrial Trust in a research report on Friday, June 23rd. They issued a “hold” rating and a $53.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $52.71.

In other news, insider Mark Skomal sold 1,320 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $53.66, for a total transaction of $70,831.20. Following the completion of the transaction, the insider now directly owns 1,167 shares in the company, valued at approximately $62,621.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew T. Murphy sold 7,481 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.90, for a total value of $395,744.90. Following the transaction, the chief financial officer now owns 37 shares of the company’s stock, valued at $1,957.30. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.

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

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