Citigroup Inc. grew its position in shares of DCT Industrial Trust Inc (NYSE:DCT) by 38.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 72,986 shares of the real estate investment trust’s stock after acquiring an additional 20,268 shares during the quarter. Citigroup Inc. owned about 0.08% of DCT Industrial Trust worth $3,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DCT. Wells Fargo & Company MN boosted its position in shares of DCT Industrial Trust by 6.2% during the 1st quarter. Wells Fargo & Company MN now owns 34,321 shares of the real estate investment trust’s stock valued at $1,652,000 after acquiring an additional 2,010 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of DCT Industrial Trust by 83.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 18,200 shares of the real estate investment trust’s stock valued at $876,000 after acquiring an additional 8,300 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of DCT Industrial Trust by 8.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,146,111 shares of the real estate investment trust’s stock valued at $55,150,000 after acquiring an additional 86,026 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of DCT Industrial Trust by 5.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the real estate investment trust’s stock valued at $272,000 after acquiring an additional 299 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of DCT Industrial Trust by 1.1% during the 1st quarter. Swiss National Bank now owns 149,750 shares of the real estate investment trust’s stock valued at $7,206,000 after acquiring an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 95.42% of the company’s stock.

A number of brokerages recently issued reports on DCT. Stifel Nicolaus restated a “buy” rating and issued a $60.00 price target (up from $58.00) on shares of DCT Industrial Trust in a research report on Wednesday, August 9th. Zacks Investment Research downgraded DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. BMO Capital Markets restated a “market perform” rating and issued a $61.00 price target on shares of DCT Industrial Trust in a research report on Monday, September 11th. Finally, Jefferies Group LLC began coverage on DCT Industrial Trust in a research report on Friday, June 23rd. They issued a “hold” rating and a $53.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $53.89.

Shares of DCT Industrial Trust Inc (NYSE DCT) opened at 58.62 on Friday. The company has a market capitalization of $5.46 billion, a P/E ratio of 58.74 and a beta of 0.95. The company has a 50-day moving average price of $57.63 and a 200-day moving average price of $53.15. DCT Industrial Trust Inc has a 12 month low of $42.96 and a 12 month high of $60.02.

DCT Industrial Trust (NYSE:DCT) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $106.54 million. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. On average, analysts forecast that DCT Industrial Trust Inc will post $0.88 EPS for the current fiscal year.

The firm also recently declared 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 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio (DPR) is presently 125.25%.

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