Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,416 shares of the real estate investment trust’s stock after selling 8 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in DCT Industrial Trust were worth $717,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in 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 valued at $691,469,000 after acquiring an additional 535,299 shares during the last quarter. BlackRock Inc. boosted its stake 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 valued at $509,986,000 after acquiring an additional 10,159,364 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in DCT Industrial Trust by 37.4% in the second quarter. Bank of New York Mellon Corp now owns 1,574,329 shares of the real estate investment trust’s stock valued at $84,132,000 after acquiring an additional 428,218 shares during the last quarter. Morgan Stanley boosted its stake in 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 valued at $72,981,000 after acquiring an additional 975,957 shares during the last quarter. Finally, PGGM Investments boosted its stake in 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 valued at $73,747,000 after acquiring an additional 465,333 shares during the last quarter. 95.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of DCT Industrial Trust Inc (NYSE DCT) opened at 59.58 on Friday. DCT Industrial Trust Inc has a 12-month low of $42.96 and a 12-month high of $60.02. The firm has a 50-day moving average of $57.45 and a 200 day moving average of $52.91. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 59.70 and a beta of 0.95.

DCT Industrial Trust (NYSE:DCT) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.60 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 analyst estimates of $106.54 million. During the same period in the prior year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts expect that DCT Industrial Trust Inc will post $0.88 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, October 6th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio is currently 125.25%.

In other news, Director John C. Okeeffe sold 1,750 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $57.95, for a total value of $101,412.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

DCT has been the topic of a number of recent research reports. Zacks Investment Research raised shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Wednesday, May 24th. Stifel Nicolaus raised their price objective on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. BidaskClub cut shares of DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, Jefferies Group LLC initiated coverage on shares of DCT Industrial Trust in a research note on Friday, June 23rd. They issued a “hold” rating and a $53.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. DCT Industrial Trust has a consensus rating of “Hold” and an average price target of $53.89.

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DCT Industrial Trust 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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