DCT Industrial Trust Inc (NYSE:DCT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $57.85 and last traded at $57.85, with a volume of 132,481 shares. The stock had previously closed at $57.27.

Several brokerages have recently issued reports on DCT. Stifel Nicolaus raised 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 note on Wednesday, June 14th. BidaskClub upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Friday, June 16th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $52.71.

The stock has a 50 day moving average of $55.36 and a 200 day moving average of $51.48. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 58.04 and a beta of 0.95.

DCT Industrial Trust (NYSE:DCT) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The business had revenue of $104.50 million during the quarter, compared to the consensus estimate of $106.54 million. During the same period last year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts expect that DCT Industrial Trust Inc will post $0.84 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, October 6th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio is currently 125.25%.

In other news, CFO Matthew T. Murphy sold 7,481 shares of DCT Industrial Trust stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.90, for a total value of $395,744.90. Following the completion of the transaction, the chief financial officer now directly owns 37 shares in the company, valued at $1,957.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Skomal sold 1,320 shares of DCT Industrial Trust stock in a transaction 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 transaction, the insider now owns 1,167 shares of the company’s stock, valued at $62,621.22. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in DCT. Dynamic Technology Lab Private Ltd bought a new position in shares of DCT Industrial Trust during the second quarter valued at $303,000. Public Employees Retirement System of Ohio boosted its position in shares of DCT Industrial Trust by 4.6% in the second quarter. Public Employees Retirement System of Ohio now owns 143,752 shares of the real estate investment trust’s stock valued at $7,682,000 after buying an additional 6,265 shares during the period. Verition Fund Management LLC bought a new position in shares of DCT Industrial Trust during the second quarter valued at $453,000. Ameritas Investment Partners Inc. boosted its position in shares of DCT Industrial Trust by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 43,608 shares of the real estate investment trust’s stock valued at $2,330,000 after buying an additional 418 shares during the period. Finally, 361 Capital LLC boosted its position in shares of DCT Industrial Trust by 94.9% in the second quarter. 361 Capital LLC now owns 31,952 shares of the real estate investment trust’s stock valued at $1,708,000 after buying an additional 15,560 shares during the period. Institutional investors own 96.06% of the company’s stock.

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DCT Industrial Trust Company Profile

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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