DCT Industrial Trust Inc (NYSE:DCT) Director John C. Okeeffe sold 1,750 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $57.95, for a total value of $101,412.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of DCT Industrial Trust Inc (DCT) opened at 57.20 on Wednesday. The stock has a market capitalization of $5.32 billion, a PE ratio of 57.31 and a beta of 0.95. The stock’s 50 day moving average is $55.79 and its 200 day moving average is $51.74. DCT Industrial Trust Inc has a 52 week low of $42.96 and a 52 week high of $58.32.

DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings data 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 net margin of 22.20% and a return on equity of 4.69%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Analysts anticipate that DCT Industrial Trust Inc will post $0.87 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, October 6th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio is presently 125.25%.

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Several brokerages have weighed in on DCT. BidaskClub downgraded DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Stifel Nicolaus boosted 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. Finally, 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 report on Monday, May 15th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.71.

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of DCT Industrial Trust by 13.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,780 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 333 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in shares of DCT Industrial Trust during the second quarter worth approximately $202,000. Blue Sky Asset Management LLC acquired a new stake in shares of DCT Industrial Trust during the first quarter worth approximately $189,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of DCT Industrial Trust by 5.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 299 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of DCT Industrial Trust during the second quarter worth approximately $303,000. 95.42% of the stock is currently owned by institutional investors and hedge funds.

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.

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