State Street Corp raised its holdings in shares of DCT Industrial Trust Inc (NYSE:DCT) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,073,566 shares of the real estate investment trust’s stock after purchasing an additional 8,918 shares during the quarter. State Street Corp owned 4.38% of DCT Industrial Trust worth $217,693,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Oppenheimer Asset Management Inc. grew its stake in DCT Industrial Trust by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,010 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 25 shares in the last quarter. Utah Retirement Systems grew its position in shares of DCT Industrial Trust by 0.5% in the 1st quarter. Utah Retirement Systems now owns 19,507 shares of the real estate investment trust’s stock worth $939,000 after acquiring an additional 100 shares in the last quarter. World Asset Management Inc grew its position in shares of DCT Industrial Trust by 2.5% in the 2nd quarter. World Asset Management Inc now owns 5,822 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 144 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of DCT Industrial Trust by 8.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 246 shares in the last quarter. Finally, GAM Holding AG grew its position in shares of DCT Industrial Trust by 5.3% in the 2nd quarter. GAM Holding AG now owns 7,968 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 95.41% of the company’s stock.

Shares of DCT Industrial Trust Inc (DCT) opened at 58.92 on Wednesday. The firm’s 50-day moving average price is $58.69 and its 200 day moving average price is $54.69. DCT Industrial Trust Inc has a 52 week low of $42.96 and a 52 week high of $60.21. The company has a market cap of $5.48 billion, a P/E ratio of 59.04 and a beta of 0.95.

DCT Industrial Trust (NYSE:DCT) last released its quarterly 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. The business had revenue of $104.50 million for the quarter, compared to analyst estimates of $106.54 million. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. DCT Industrial Trust’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 EPS. On average, equities analysts predict that DCT Industrial Trust Inc will post $0.88 EPS for the current fiscal year.

The company 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. This represents a $1.24 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio is 125.25%.

Several research analysts have recently commented on DCT shares. Zacks Investment Research lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Jefferies Group LLC started coverage on DCT Industrial Trust in a research report on Friday, June 23rd. They issued a “hold” rating and a $53.00 target price for the company. BidaskClub upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 target price (up previously from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday, August 9th. Finally, UBS AG lowered DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 target price for the company. in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $55.10.

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

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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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