DCT Industrial Trust Inc. (NYSE:DCT) shares gapped up before the market opened on Wednesday . The stock had previously closed at $48.67, but opened at $48.79. DCT Industrial Trust shares last traded at $49.11, with a volume of 199,109 shares trading hands.

DCT has been the topic 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 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 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 on the stock. in a research report on Monday, May 23rd. Finally, Citigroup Inc. boosted their price target on shares of DCT Industrial Trust from $40.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $41.67.

The stock has a 50 day moving average of $48.20 and a 200-day moving average of $41.86. The stock has a market capitalization of $4.43 billion and a PE ratio of 42.32.

DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. During the same quarter in the prior year, the business posted $0.47 EPS. The firm earned $95.90 million during the quarter, compared to the consensus estimate of $94.94 million. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities research analysts expect that DCT Industrial Trust Inc. will post $2.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Friday, October 7th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Wednesday, October 5th.

In related news, 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 value of $102,622.50. Following the completion of the sale, the director now owns 8,600 shares of the company’s stock, valued at $392,246. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Neil Doyle sold 15,000 shares of the firm’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $42.52, for a total value of $637,800.00. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $637,800. The disclosure for this sale can be found here.

Other hedge funds have made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of DCT Industrial Trust by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 12,564,114 shares of the company’s stock worth $469,521,000 after buying an additional 268,938 shares during the last quarter. Schroder Investment Management Group raised its stake 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 last quarter. Fiduciary Management Associates LLC raised its stake in shares of DCT Industrial Trust by 7.1% in the fourth quarter. Fiduciary Management Associates LLC now owns 540,470 shares of the company’s stock worth $20,197,000 after buying an additional 36,035 shares during the last quarter. Employees Retirement System of Texas raised its stake in shares of DCT Industrial Trust by 119.1% in the fourth quarter. Employees Retirement System of Texas now owns 115,875 shares of the company’s stock worth $4,330,000 after buying an additional 63,000 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake 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 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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