DCT Industrial Trust Inc. (NYSE:DCT) hit a new 52-week high on Monday . The company traded as high as $49.11 and last traded at $48.71, with a volume of 158,689 shares changing hands. The stock had previously closed at $48.88.

DCT has been the subject of a number of research reports. Capital One Financial Corp. downgraded shares of DCT Industrial Trust from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, May 17th. Raymond James Financial Inc. initiated coverage on shares of DCT Industrial Trust in a research report on Thursday, April 21st. They set an “outperform” rating and a $43.00 target price for the company. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Evercore ISI downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research report on Monday, May 23rd. Finally, Citigroup Inc. boosted their target price on shares of DCT Industrial Trust from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $41.67.

The firm has a 50-day moving average of $46.67 and a 200-day moving average of $40.59. The company has a market capitalization of $4.39 billion and a PE ratio of 42.80.

DCT Industrial Trust (NYSE:DCT) last posted its earnings results on Thursday, May 5th. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. The company earned $94.40 million during the quarter, compared to analysts’ expectations of $89.99 million. During the same period last year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts forecast 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 2.37%. The ex-dividend date was Wednesday, June 29th.

In other DCT Industrial Trust news, CAO Mark Skomal sold 1,200 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $42.00, for a total transaction of $50,400.00. Following the transaction, the chief accounting officer now directly owns 500 shares of the company’s stock, valued at approximately $21,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Okeeffe sold 2,250 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $45.61, for a total transaction of $102,622.50. Following the transaction, the director now directly owns 8,600 shares in the company, valued at $392,246. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of DCT. 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 valued at $1,304,000 after buying an additional 2,024 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in shares of DCT Industrial Trust during the fourth quarter valued at about $1,390,000. 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 valued at $1,676,000 after buying an additional 7,855 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of 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 valued at $1,956,000 after buying an additional 1,061 shares during the last quarter. Finally, 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 valued at $3,162,000 after buying an additional 1,800 shares during the last quarter.

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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