Shares of DCT Industrial Trust Inc. (NYSE:DCT) hit a new 52-week high on Tuesday . The stock traded as high as $48.53 and last traded at $48.49, with a volume of 267,945 shares changing hands. The stock had previously closed at $48.14.

Several brokerages recently weighed in on DCT. Zacks Investment Research downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup Inc. increased their target price on DCT Industrial Trust from $40.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. Evercore ISI downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research note on Monday, May 23rd. Capital One Financial Corp. downgraded DCT Industrial Trust from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 17th. Finally, Raymond James Financial Inc. began coverage on DCT Industrial Trust in a research note on Thursday, April 21st. They set an “outperform” rating and a $43.00 target price for the company. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.67.

The company has a market capitalization of $4.37 billion and a price-to-earnings ratio of 42.59. The stock has a 50-day moving average price of $46.15 and a 200 day moving average price of $40.33.

DCT Industrial Trust (NYSE:DCT) last released its earnings results on Thursday, May 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The company earned $94.40 million during the quarter, compared to analyst estimates of $89.99 million. During the same period in the prior year, the firm posted $0.49 EPS. DCT Industrial Trust’s revenue was up 6.8% compared to the same quarter last year. Equities analysts predict that DCT Industrial Trust Inc. will post $2.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 13th. Investors of record on Friday, July 1st were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, June 29th.

In related news, Director Neil Doyle sold 15,000 shares of DCT Industrial Trust stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $42.52, for a total value of $637,800.00. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $637,800. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John C. Okeeffe sold 2,250 shares of DCT Industrial Trust stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $45.61, for a total value of $102,622.50. Following the completion of the sale, the director now directly owns 8,600 shares in the company, valued at approximately $392,246. The disclosure for this sale can be found here.

Several hedge funds recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. increased its stake in DCT Industrial Trust by 2.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 52,333 shares of the company’s stock worth $1,956,000 after buying an additional 1,061 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of DCT Industrial Trust by 2.2% in the fourth quarter. New York State Common Retirement Fund now owns 84,600 shares of the company’s stock worth $3,162,000 after buying an additional 1,800 shares during the period. First Trust Advisors LP increased its position in shares of DCT Industrial Trust by 6.2% in the fourth quarter. First Trust Advisors LP now owns 34,889 shares of the company’s stock worth $1,304,000 after buying an additional 2,024 shares during the period. ProShare Advisors LLC increased its position in shares of DCT Industrial Trust by 21.2% in the fourth quarter. ProShare Advisors LLC now owns 44,850 shares of the company’s stock worth $1,676,000 after buying an additional 7,855 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of DCT Industrial Trust by 1.9% in the fourth quarter. Schroder Investment Management Group now owns 581,615 shares of the company’s stock worth $21,735,000 after buying an additional 10,986 shares during the period.

DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company is engaged in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in distribution markets in the United States. The Company operates in three segments: East, Central and West.

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