Utah Retirement Systems boosted its position in DCT Industrial Trust Inc (NYSE:DCT) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 19,507 shares of the real estate investment trust’s stock after buying an additional 100 shares during the period. Utah Retirement Systems’ holdings in DCT Industrial Trust were worth $939,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY increased its stake in shares of DCT Industrial Trust by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 90,015 shares of the real estate investment trust’s stock worth $4,310,000 after buying an additional 710 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of DCT Industrial Trust by 9.8% in the fourth quarter. Janus Capital Management LLC now owns 108,900 shares of the real estate investment trust’s stock worth $5,214,000 after buying an additional 9,700 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of DCT Industrial Trust by 8.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,729 shares of the real estate investment trust’s stock worth $945,000 after buying an additional 1,491 shares during the last quarter. Tyers Asset Management LLC purchased a new stake in shares of DCT Industrial Trust during the fourth quarter worth about $365,000. Finally, Flinton Capital Management LLC purchased a new stake in shares of DCT Industrial Trust during the fourth quarter worth about $443,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for DCT Industrial Trust (NYSE:DCT)

DCT Industrial Trust Inc (DCT) traded down 1.80% on Tuesday, reaching $53.91. 79,198 shares of the company’s stock were exchanged. The company has a market cap of $4.96 billion, a PE ratio of 68.94 and a beta of 0.97. DCT Industrial Trust Inc has a 52-week low of $42.96 and a 52-week high of $55.69. The firm’s 50 day moving average price is $52.70 and its 200 day moving average price is $48.96.

DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. DCT Industrial Trust had a net margin of 17.68% and a return on equity of 3.67%. The firm had revenue of $105.90 million during the quarter, compared to analyst estimates of $103.61 million. During the same period in the previous year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts expect that DCT Industrial Trust Inc will post $0.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.26%. DCT Industrial Trust’s dividend payout ratio is presently 158.97%.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/06/20/utah-retirement-systems-raises-stake-in-dct-industrial-trust-inc-dct.html.

A number of brokerages have issued reports on DCT. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Stifel Nicolaus upped their price objective on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $52.00 price objective (up from $49.00) on shares of DCT Industrial Trust in a research report on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $52.83.

In other news, insider Mark Skomal sold 1,320 shares of DCT Industrial Trust stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $53.66, for a total value of $70,831.20. Following the completion of the sale, the insider now directly owns 1,167 shares in the company, valued at $62,621.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew T. Murphy sold 7,481 shares of DCT Industrial Trust stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $52.90, for a total transaction of $395,744.90. Following the completion of the sale, the chief financial officer now owns 37 shares of the company’s stock, valued at $1,957.30. The disclosure for this sale can be found here. Insiders sold 28,532 shares of company stock valued at $1,480,552 over the last quarter. Company insiders own 1.50% of the company’s stock.

About DCT Industrial Trust

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

Want to see what other hedge funds are holding DCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DCT Industrial Trust Inc (NYSE:DCT).

Receive News & Ratings for DCT Industrial Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCT Industrial Trust Inc and related companies with MarketBeat.com's FREE daily email newsletter.