Standard Life Investments LTD lifted its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 18.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,538,501 shares of the real estate investment trust’s stock after acquiring an additional 241,699 shares during the period. Standard Life Investments LTD owned approximately 1.67% of DCT Industrial Trust worth $82,209,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DCT. BlackRock Inc. increased its position in shares of DCT Industrial Trust by 2,315.3% during the first quarter. BlackRock Inc. now owns 10,598,157 shares of the real estate investment trust’s stock worth $509,986,000 after acquiring an additional 10,159,364 shares in the last quarter. Morgan Stanley increased its position in shares of DCT Industrial Trust by 180.5% during the first quarter. Morgan Stanley now owns 1,516,648 shares of the real estate investment trust’s stock worth $72,981,000 after acquiring an additional 975,957 shares in the last quarter. Vanguard Group Inc. increased its position in shares of DCT Industrial Trust by 3.9% during 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 acquiring an additional 535,299 shares in the last quarter. PGGM Investments increased its position in shares of DCT Industrial Trust by 50.9% during the second quarter. PGGM Investments now owns 1,380,000 shares of the real estate investment trust’s stock worth $73,747,000 after acquiring an additional 465,333 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of DCT Industrial Trust by 37.4% during the second quarter. Bank of New York Mellon Corp now owns 1,574,329 shares of the real estate investment trust’s stock worth $84,132,000 after acquiring an additional 428,218 shares in the last quarter. 95.42% of the stock is owned by institutional investors.

In related news, Director John C. Okeeffe sold 1,750 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $57.95, for a total transaction of $101,412.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Several brokerages have recently issued reports on DCT. Stifel Nicolaus reissued a “buy” rating and set a $60.00 price objective (up previously from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. BMO Capital Markets reissued a “market perform” rating and set a $61.00 price objective on shares of DCT Industrial Trust in a research report on Monday. UBS AG downgraded shares of DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price objective for the company. in a research report on Friday, September 8th. Finally, BidaskClub raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $53.89.

DCT Industrial Trust Inc (DCT) traded up 0.96% on Thursday, reaching $59.18. 34,073 shares of the company were exchanged. The company’s 50-day moving average price is $57.19 and its 200-day moving average price is $52.74. DCT Industrial Trust Inc has a 12-month low of $42.96 and a 12-month high of $60.02. The stock has a market capitalization of $5.51 billion, a P/E ratio of 59.30 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, meeting the Zacks’ consensus estimate of $0.60. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The company had revenue of $104.50 million for the quarter, compared to the consensus estimate of $106.54 million. During the same quarter in the previous year, the company earned $0.54 EPS. DCT Industrial Trust’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts anticipate that DCT Industrial Trust Inc will post $0.88 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, October 6th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, October 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.12%. DCT Industrial Trust’s payout ratio is presently 125.25%.

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

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