Green Street Investors LLC reduced its position in shares of DCT Industrial Trust Inc (NYSE:DCT) by 37.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,400 shares of the real estate investment trust’s stock after selling 29,900 shares during the period. DCT Industrial Trust accounts for 1.7% of Green Street Investors LLC’s portfolio, making the stock its 22nd largest position. Green Street Investors LLC’s holdings in DCT Industrial Trust were worth $2,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in DCT Industrial Trust by 2,315.3% in the first quarter. BlackRock Inc. now owns 10,598,157 shares of the real estate investment trust’s stock worth $509,986,000 after buying an additional 10,159,364 shares during the period. Morgan Stanley boosted its stake in shares of DCT Industrial Trust by 180.5% in the first quarter. Morgan Stanley now owns 1,516,648 shares of the real estate investment trust’s stock worth $72,981,000 after buying an additional 975,957 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of DCT Industrial Trust by 3.9% in the first quarter. Vanguard Group Inc. now owns 14,369,667 shares of the real estate investment trust’s stock worth $691,469,000 after buying an additional 535,299 shares in the last quarter. PGGM Investments boosted its stake in shares of DCT Industrial Trust by 50.9% in the second quarter. PGGM Investments now owns 1,380,000 shares of the real estate investment trust’s stock worth $73,747,000 after buying an additional 465,333 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of DCT Industrial Trust by 10,631.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 310,255 shares of the real estate investment trust’s stock worth $14,929,000 after buying an additional 307,364 shares in the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DCT Industrial Trust Inc (DCT) opened at 56.37 on Tuesday. The firm has a market cap of $5.25 billion, a PE ratio of 56.48 and a beta of 0.95. The company has a 50 day moving average of $54.89 and a 200 day moving average of $51.03. DCT Industrial Trust Inc has a 52 week low of $42.96 and a 52 week high of $57.28.

DCT Industrial Trust (NYSE:DCT) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. DCT Industrial Trust had a net margin of 41.61% and a return on equity of 8.79%. The company had revenue of $104.50 million during the quarter, compared to the consensus estimate of $106.54 million. During the same period in the prior year, the company earned $0.54 EPS. DCT Industrial Trust’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that DCT Industrial Trust Inc will post $0.84 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, October 6th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, October 5th. DCT Industrial Trust’s payout ratio is 125.25%.

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DCT has been the subject of a number of recent research reports. Jefferies Group LLC initiated coverage on shares of DCT Industrial Trust in a research note on Friday, June 23rd. They set a “hold” rating and a $53.00 price target for the company. Zacks Investment Research cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Citigroup Inc. reiterated a “neutral” rating and set a $52.00 price target (up previously from $49.00) on shares of DCT Industrial Trust in a research note on Monday, May 15th. Finally, BidaskClub cut shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. DCT Industrial Trust currently has a consensus rating of “Hold” and a consensus target price of $52.71.

In other DCT Industrial Trust news, CFO Matthew T. Murphy sold 7,481 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $52.90, for a total value of $395,744.90. Following the completion of the sale, the chief financial officer now directly owns 37 shares of the company’s stock, valued at approximately $1,957.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Skomal sold 1,320 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $53.66, for a total transaction of $70,831.20. Following the completion of the sale, the insider now directly owns 1,167 shares of the company’s stock, valued at $62,621.22. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

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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