DCT Industrial Trust Inc. (NYSE:DCT) was down 1.6% on Thursday . The company traded as low as $48.32 and last traded at $48.35, with a volume of 174,858 shares changing hands. The stock had previously closed at $49.13.

A number of equities research analysts have weighed in on DCT shares. Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, April 13th. Stifel Nicolaus reissued a “buy” rating and issued a $43.00 price target (up from $40.00) on shares of DCT Industrial Trust in a report on Friday, April 15th. Raymond James Financial Inc. started coverage on shares of DCT Industrial Trust in a report on Thursday, April 21st. They issued an “outperform” rating and a $43.00 price target for the company. Capital One Financial Corp. downgraded shares of DCT Industrial Trust from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 18th. Finally, Evercore ISI downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $41.67.

The company has a market capitalization of $4.39 billion and a price-to-earnings ratio of 41.96. The stock has a 50 day moving average price of $48.29 and a 200-day moving average price of $41.91.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.54. The business earned $95.90 million during the quarter, compared to the consensus estimate of $94.94 million. During the same period in the prior year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that DCT Industrial Trust Inc. will post $2.17 EPS for the current fiscal 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 issued a $0.29 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.38%.

In related news, Director John C. Okeeffe sold 2,250 shares of DCT Industrial Trust stock in a transaction dated 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 directly owns 8,600 shares in the company, valued at $392,246. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $637,800. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. First Trust Advisors LP raised its stake 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 last quarter. Cornerstone Capital Management Holdings LLC. raised its stake 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 worth $1,956,000 after buying an additional 1,061 shares during the last quarter. 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. 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, 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.

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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