Exane Derivatives purchased a new position in shares of DCT Industrial Trust Inc (NYSE:DCT) during the second quarter, Holdings Channel reports. The firm purchased 12,319 shares of the real estate investment trust’s stock, valued at approximately $658,000.

A number of other hedge funds have also made changes to their positions in the stock. Renaissance Technologies LLC purchased a new stake in DCT Industrial Trust during the fourth quarter valued at about $3,931,000. AQR Capital Management LLC raised its stake in DCT Industrial Trust by 16.7% in the fourth quarter. AQR Capital Management LLC now owns 21,053 shares of the real estate investment trust’s stock valued at $1,008,000 after buying an additional 3,010 shares during the last quarter. Norges Bank purchased a new stake in DCT Industrial Trust during the fourth quarter valued at about $37,886,000. UBS Asset Management Americas Inc. raised its stake in DCT Industrial Trust by 37.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 223,425 shares of the real estate investment trust’s stock valued at $10,698,000 after buying an additional 60,717 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in DCT Industrial Trust by 13.4% in the fourth quarter. Teachers Advisors LLC now owns 129,003 shares of the real estate investment trust’s stock valued at $6,177,000 after buying an additional 15,242 shares during the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

Shares of DCT Industrial Trust Inc (NYSE DCT) traded down 0.26% on Tuesday, reaching $54.11. 29,651 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $53.46 and a 200 day moving average price of $49.37. DCT Industrial Trust Inc has a one year low of $42.96 and a one year high of $55.69. The firm has a market cap of $4.98 billion, a PE ratio of 69.19 and a beta of 0.94.

DCT Industrial Trust (NYSE:DCT) last announced its earnings results on Thursday, May 4th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. DCT Industrial Trust had a return on equity of 3.67% and a net margin of 17.68%. The company had revenue of $105.90 million for the quarter, compared to analyst estimates of $103.61 million. During the same period in the prior year, the company posted $0.54 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts expect that DCT Industrial Trust Inc will post $0.60 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, June 28th. DCT Industrial Trust’s dividend payout ratio is presently 158.97%.

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Several research firms have recently issued reports on DCT. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday, July 12th. BidaskClub downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Jefferies Group LLC initiated coverage on shares of DCT Industrial Trust in a report on Friday, June 23rd. They issued a “hold” rating and a $53.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. DCT Industrial Trust currently has a consensus rating of “Hold” and an average price target of $52.43.

In related news, CFO Matthew T. Murphy sold 7,481 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $52.90, for a total transaction of $395,744.90. Following the sale, the chief financial officer now directly owns 37 shares of the company’s stock, valued at $1,957.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Philip L. Hawkins sold 19,731 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $51.39, for a total value of $1,013,976.09. Following the transaction, the insider now owns 142,167 shares in the company, valued at approximately $7,305,962.13. The disclosure for this sale can be found here. Insiders sold 28,532 shares of company stock worth $1,480,552 over the last three months. Corporate 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.

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

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