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

DCT has been the subject of a number of recent analyst reports. Capital One Financial Corp. cut shares of DCT Industrial Trust from an “overweight” rating to an “equal weight” rating in a report on Tuesday, May 17th. Raymond James Financial Inc. initiated coverage on shares of DCT Industrial Trust in a report on Thursday, April 21st. They set an “outperform” rating and a $43.00 price target for the company. Zacks Investment Research cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Evercore ISI cut 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. Finally, Citigroup Inc. increased 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 note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.25.

The company has a 50-day moving average price of $48.38 and a 200 day moving average price of $42.01. The firm has a market capitalization of $4.41 billion and a PE ratio of 42.15.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Friday, October 7th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.16 annualized dividend and a dividend yield of 2.37%.

In other news, CAO Mark Skomal sold 1,200 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $21,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Okeeffe sold 2,250 shares of the business’s stock in a transaction dated 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 owns 8,600 shares in the company, valued at $392,246. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. raised its position 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 valued at $1,956,000 after buying an additional 1,061 shares in the last quarter. New York State Common Retirement Fund raised its position in 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 in the last quarter. First Trust Advisors LP raised its position in 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 in the last quarter. Schroder Investment Management Group raised its position in DCT Industrial Trust by 1.9% in the fourth quarter. Schroder Investment Management Group now owns 581,615 shares of the company’s stock valued at $21,735,000 after buying an additional 10,986 shares in the last quarter. Finally, Employees Retirement System of Texas raised its position in 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 valued at $4,330,000 after buying an additional 63,000 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.