Cambridge Investment Research Advisors Inc. trimmed its holdings in DCT Industrial Trust Inc (NYSE:DCT) by 9.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,499 shares of the real estate investment trust’s stock after selling 562 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in DCT Industrial Trust were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in DCT Industrial Trust by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,213 shares of the real estate investment trust’s stock valued at $332,000 after purchasing an additional 568 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in DCT Industrial Trust by 14.5% in the second quarter. Pacer Advisors Inc. now owns 14,863 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 1,883 shares in the last quarter. Utah Retirement Systems boosted its holdings in DCT Industrial Trust by 1.3% in the second quarter. Utah Retirement Systems now owns 19,760 shares of the real estate investment trust’s stock valued at $1,056,000 after purchasing an additional 253 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in DCT Industrial Trust by 3.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 159,926 shares of the real estate investment trust’s stock valued at $8,546,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in DCT Industrial Trust by 64.8% in the second quarter. Prudential Financial Inc. now owns 165,847 shares of the real estate investment trust’s stock valued at $8,863,000 after purchasing an additional 65,240 shares in the last quarter. 95.42% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on DCT shares. Zacks Investment Research raised DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Thursday, June 1st. Stifel Nicolaus upped their price target on DCT Industrial Trust from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. BidaskClub downgraded DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Jefferies Group LLC started coverage on DCT Industrial Trust in a 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, six have assigned a hold rating and three have given a buy rating to the company. DCT Industrial Trust has an average rating of “Hold” and a consensus target price of $53.89.

In other news, Director John C. Okeeffe sold 1,750 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

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Shares of DCT Industrial Trust Inc (NYSE:DCT) opened at 59.58 on Monday. The stock has a 50 day moving average price of $57.45 and a 200 day moving average price of $52.91. The firm has a market capitalization of $5.55 billion, a P/E ratio of 59.70 and a beta of 0.95. DCT Industrial Trust Inc has a 12-month low of $42.96 and a 12-month high of $60.02.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, hitting the 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 the consensus estimate of $106.54 million. During the same period in the previous year, the business earned $0.54 EPS. DCT Industrial Trust’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts anticipate that DCT Industrial Trust Inc will post $0.88 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.24 annualized dividend and a yield of 2.08%. DCT Industrial Trust’s dividend payout ratio is presently 125.25%.

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.

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

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