Picton Mahoney Asset Management boosted its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 54.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,200 shares of the real estate investment trust’s stock after acquiring an additional 18,300 shares during the quarter. Picton Mahoney Asset Management owned about 0.06% of DCT Industrial Trust worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DCT. PNC Financial Services Group Inc. raised its stake in shares of DCT Industrial Trust by 13.6% during the 1st 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. Blue Sky Asset Management LLC purchased a new position in shares of DCT Industrial Trust during the 1st quarter worth approximately $189,000. Oakbrook Investments LLC purchased a new position in shares of DCT Industrial Trust during the 2nd quarter worth approximately $202,000. World Asset Management Inc raised its stake in shares of DCT Industrial Trust by 3.1% during the 1st quarter. World Asset Management Inc now owns 5,678 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 173 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of DCT Industrial Trust during the 1st quarter worth approximately $288,000. 95.42% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on DCT. BMO Capital Markets reissued a “market perform” rating and set a $61.00 target price on shares of DCT Industrial Trust in a research note on Monday, September 11th. UBS AG downgraded DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 target price for the company. in a research note on Friday, September 8th. Janney Montgomery Scott began coverage on DCT Industrial Trust in a research note on Friday. They set a “neutral” rating and a $59.00 target price for the company. BidaskClub raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.40.

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DCT Industrial Trust Inc (NYSE DCT) traded down 0.02% during trading on Friday, reaching $57.92. The company had a trading volume of 578,220 shares. DCT Industrial Trust Inc has a 52-week low of $42.96 and a 52-week high of $60.02. The company has a 50-day moving average of $57.63 and a 200-day moving average of $53.15. The firm has a market capitalization of $5.39 billion, a P/E ratio of 58.04 and a beta of 0.95.

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 Thomson Reuters’ consensus estimate of $0.60. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The firm had revenue of $104.50 million for the quarter, compared to analysts’ expectations of $106.54 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts expect that DCT Industrial Trust Inc will post $0.88 EPS for the current fiscal year.

The company 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 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 2.14%. DCT Industrial Trust’s payout ratio is 125.25%.

In related 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 transaction of $101,412.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by 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.

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

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