DCT Industrial Trust Inc (DCT) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its holdings in DCT Industrial Trust Inc (NYSE:DCT) by 39.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,445 shares of the real estate investment trust’s stock after selling 17,986 shares during the quarter. First Trust Advisors LP’s holdings in DCT Industrial Trust were worth $1,467,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Arizona State Retirement System boosted its stake in DCT Industrial Trust by 1.6% in the second quarter. Arizona State Retirement System now owns 38,800 shares of the real estate investment trust’s stock valued at $2,073,000 after buying an additional 600 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in DCT Industrial Trust by 10.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 925,447 shares of the real estate investment trust’s stock valued at $49,456,000 after buying an additional 86,430 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in DCT Industrial Trust by 37.4% in the second quarter. Canada Pension Plan Investment Board now owns 25,000 shares of the real estate investment trust’s stock valued at $1,336,000 after buying an additional 6,800 shares in the last quarter. Sei Investments Co. boosted its stake in DCT Industrial Trust by 5.0% in the second quarter. Sei Investments Co. now owns 159,252 shares of the real estate investment trust’s stock valued at $8,511,000 after buying an additional 7,591 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in DCT Industrial Trust by 0.9% in the second quarter. Texas Permanent School Fund now owns 67,114 shares of the real estate investment trust’s stock valued at $3,587,000 after buying an additional 580 shares in 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. The stock’s 50 day moving average price is $57.45 and its 200-day moving average price is $52.91. DCT Industrial Trust Inc has a 52 week low of $42.96 and a 52 week high of $60.02. 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 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The firm had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $106.54 million. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts predict 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 issued 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 payout ratio is currently 125.25%.

Several analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on 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 raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research raised 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. Finally, UBS AG lowered DCT Industrial Trust from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.89.

In other news, Director John C. Okeeffe sold 1,750 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $57.95, for a total value of $101,412.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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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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