BlackRock Inc. reduced its stake in shares of DCT Industrial Trust Inc (NYSE:DCT) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,587,150 shares of the real estate investment trust’s stock after selling 11,007 shares during the period. BlackRock Inc. owned approximately 11.51% of DCT Industrial Trust worth $565,778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Oppenheimer Asset Management Inc. boosted its position in shares of DCT Industrial Trust by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,010 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 25 shares in the last quarter. Utah Retirement Systems boosted its position in shares of DCT Industrial Trust by 0.5% in the 1st quarter. Utah Retirement Systems now owns 19,507 shares of the real estate investment trust’s stock worth $939,000 after buying an additional 100 shares in the last quarter. World Asset Management Inc boosted its position in shares of DCT Industrial Trust by 2.5% in the 2nd quarter. World Asset Management Inc now owns 5,822 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 144 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of DCT Industrial Trust by 0.9% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 15,837 shares of the real estate investment trust’s stock worth $762,000 after buying an additional 149 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of DCT Industrial Trust by 5.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 299 shares in the last quarter. Institutional investors own 95.42% of the company’s stock.

Shares of DCT Industrial Trust Inc (DCT) opened at 58.62 on Friday. DCT Industrial Trust Inc has a 52-week low of $42.96 and a 52-week high of $60.02. The company has a 50 day moving average of $57.63 and a 200 day moving average of $53.15. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 58.74 and a beta of 0.95.

DCT Industrial Trust (NYSE:DCT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ 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 analysts’ expectations of $106.54 million. During the same quarter last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts predict that DCT Industrial Trust Inc will post $0.88 EPS for the current fiscal year.

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

Several equities research analysts recently commented on DCT shares. Jefferies Group LLC started coverage on shares of DCT Industrial Trust in a research report on Friday, June 23rd. They issued a “hold” rating and a $53.00 price objective on the stock. Zacks Investment Research lowered shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. BMO Capital Markets reiterated a “market perform” rating and issued a $61.00 price objective on shares of DCT Industrial Trust in a research report on Monday, September 11th. BidaskClub lowered shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, UBS AG lowered shares of DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $53.89.

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In related news, Director John C. Okeeffe sold 1,750 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $57.95, for a total transaction of $101,412.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

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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