Adelante Capital Management LLC decreased its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,007,855 shares of the real estate investment trust’s stock after selling 63,900 shares during the period. DCT Industrial Trust comprises 3.0% of Adelante Capital Management LLC’s portfolio, making the stock its 14th largest holding. Adelante Capital Management LLC owned about 1.08% of DCT Industrial Trust worth $53,860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DCT. Wells Fargo & Company MN lifted its position in DCT Industrial Trust by 6.2% during the first quarter. Wells Fargo & Company MN now owns 34,321 shares of the real estate investment trust’s stock valued at $1,652,000 after purchasing an additional 2,010 shares during the period. UBS Asset Management Americas Inc. lifted its position in DCT Industrial Trust by 20.8% during the first quarter. UBS Asset Management Americas Inc. now owns 269,865 shares of the real estate investment trust’s stock valued at $12,986,000 after purchasing an additional 46,440 shares during the period. Ameriprise Financial Inc. lifted its position in DCT Industrial Trust by 3.1% during the first quarter. Ameriprise Financial Inc. now owns 285,675 shares of the real estate investment trust’s stock valued at $13,751,000 after purchasing an additional 8,615 shares during the period. Parametric Portfolio Associates LLC lifted its position in DCT Industrial Trust by 4.2% during the first quarter. Parametric Portfolio Associates LLC now owns 172,762 shares of the real estate investment trust’s stock valued at $8,313,000 after purchasing an additional 7,003 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in DCT Industrial Trust by 2.6% during the first quarter. Envestnet Asset Management Inc. now owns 20,241 shares of the real estate investment trust’s stock valued at $974,000 after purchasing an additional 512 shares during the period. Institutional investors own 95.42% of the company’s stock.

DCT Industrial Trust Inc (NYSE:DCT) traded up 0.89% on Thursday, reaching $58.10. 268,186 shares of the company’s stock traded hands. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 58.22 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. The stock has a 50 day moving average price of $58.29 and a 200 day moving average price of $54.03.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $104.50 million for the quarter, compared to the consensus estimate of $106.54 million. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Analysts forecast that DCT Industrial Trust Inc will post $0.88 EPS for the current 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 issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio (DPR) is currently 125.25%.

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In other news, Director John C. Okeeffe sold 1,750 shares of the company’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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus increased 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. BidaskClub upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Janney Montgomery Scott assumed coverage on shares of DCT Industrial Trust in a research report on Friday, September 29th. They set a “neutral” rating and a $59.00 price objective on the stock. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, UBS AG downgraded shares of DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $54.40.

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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