Marshall Wace North America L.P. Takes $857,000 Position in DCT Industrial Trust Inc (DCT)

Marshall Wace North America L.P. acquired a new position in shares of DCT Industrial Trust Inc (NYSE:DCT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,164 shares of the real estate investment trust’s stock, valued at approximately $857,000.

Several other institutional investors also recently bought and sold shares 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 during the period. 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 during the period. 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 during the period. 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 during the period. 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 during the period. 95.42% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on DCT shares. Zacks Investment Research lowered DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Jefferies Group LLC started coverage on DCT Industrial Trust in a research report on Friday, June 23rd. They set a “hold” rating and a $53.00 price objective on the stock. BidaskClub raised DCT Industrial Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus upped their price objective on DCT Industrial Trust from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $52.00 price objective (up previously from $49.00) on shares of DCT Industrial Trust in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.00.

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In related news, Director John C. Okeeffe sold 1,750 shares of DCT Industrial Trust 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 the SEC website. Insiders own 1.50% of the company’s stock.

DCT Industrial Trust Inc (DCT) opened at 58.67 on Monday. The company’s 50 day moving average is $56.95 and its 200-day moving average is $52.50. The firm has a market cap of $5.46 billion, a P/E ratio of 58.79 and a beta of 0.95. DCT Industrial Trust Inc has a 52 week low of $42.96 and a 52 week high of $59.28.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The firm 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 firm posted $0.54 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Equities analysts expect that DCT Industrial Trust Inc will post $0.88 earnings per share for the current year.

The company also recently declared 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. This represents a $1.24 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, October 5th. DCT Industrial Trust’s dividend payout ratio (DPR) is 125.25%.

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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