Calamos Advisors LLC continued to hold its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,900 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Calamos Advisors LLC’s holdings in DCT Industrial Trust were worth $262,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Nisa Investment Advisors LLC grew its position in shares of DCT Industrial Trust by 34.9% in the first quarter. Nisa Investment Advisors LLC now owns 7,150 shares of the real estate investment trust’s stock valued at $344,000 after purchasing an additional 1,850 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of DCT Industrial Trust in the first quarter valued at $1,227,000. Russell Investments Group Ltd. grew its position in shares of DCT Industrial Trust by 58.2% in the first quarter. Russell Investments Group Ltd. now owns 231,071 shares of the real estate investment trust’s stock valued at $11,102,000 after purchasing an additional 85,009 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in shares of DCT Industrial Trust by 98.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,419 shares of the real estate investment trust’s stock valued at $453,000 after purchasing an additional 4,682 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew 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 valued at $1,517,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 95.42% of the company’s stock.

DCT has been the subject of several recent research reports. BidaskClub cut DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research cut DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Citigroup Inc. reiterated a “neutral” rating and issued a $52.00 price target (up from $49.00) on shares of DCT Industrial Trust in a research report on Monday, May 15th. Stifel Nicolaus lifted their price target on 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 initiated coverage on DCT Industrial Trust in a research report on Friday, June 23rd. They issued a “hold” rating and a $53.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.00.

DCT Industrial Trust Inc (NYSE DCT) opened at 58.67 on Friday. DCT Industrial Trust Inc has a 12 month low of $42.96 and a 12 month high of $59.28. The stock has a market capitalization of $5.46 billion, a PE ratio of 58.79 and a beta of 0.95. The stock has a 50 day moving average price of $56.95 and a 200 day moving average price of $52.50.

DCT Industrial Trust (NYSE:DCT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The company had revenue of $104.50 million for the quarter, compared to analysts’ expectations of $106.54 million. During the same period last year, the firm earned $0.54 EPS. DCT Industrial Trust’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities research analysts forecast that DCT Industrial Trust Inc will post $0.88 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, October 6th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.24 dividend on an annualized basis and a yield of 2.11%. DCT Industrial Trust’s dividend payout ratio is currently 125.25%.

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In related news, Director John C. Okeeffe sold 1,750 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $57.95, for a total value of $101,412.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by company insiders.

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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