Marshall Wace LLP bought a new stake in shares of DCT Industrial Trust Inc (NYSE:DCT) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 68,253 shares of the real estate investment trust’s stock, valued at approximately $4,555,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Swiss National Bank increased its stake in shares of DCT Industrial Trust by 2.3% in the first quarter. Swiss National Bank now owns 162,150 shares of the real estate investment trust’s stock worth $9,136,000 after purchasing an additional 3,600 shares during the period. State of Wisconsin Investment Board increased its stake in shares of DCT Industrial Trust by 5.9% in the first quarter. State of Wisconsin Investment Board now owns 64,894 shares of the real estate investment trust’s stock worth $3,656,000 after purchasing an additional 3,633 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of DCT Industrial Trust by 35.4% in the first quarter. Thrivent Financial for Lutherans now owns 80,736 shares of the real estate investment trust’s stock worth $4,548,000 after purchasing an additional 21,110 shares during the period. Northern Trust Corp increased its stake in shares of DCT Industrial Trust by 5.6% in the first quarter. Northern Trust Corp now owns 1,304,082 shares of the real estate investment trust’s stock worth $73,472,000 after purchasing an additional 68,955 shares during the period. Finally, BlackRock Inc. increased its stake in shares of DCT Industrial Trust by 1.0% in the first quarter. BlackRock Inc. now owns 11,338,456 shares of the real estate investment trust’s stock worth $638,809,000 after purchasing an additional 110,160 shares during the period. Institutional investors own 90.19% of the company’s stock.

A number of research firms have recently commented on DCT. Citigroup lifted their price objective on DCT Industrial Trust from $64.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Tuesday, July 3rd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $66.00 price objective on shares of DCT Industrial Trust in a research note on Thursday, August 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. DCT Industrial Trust currently has a consensus rating of “Hold” and a consensus target price of $62.89.

DCT stock opened at $66.28 on Tuesday. DCT Industrial Trust Inc has a twelve month low of $52.58 and a twelve month high of $69.51. The stock has a market cap of $6.50 billion, a P/E ratio of 27.05, a PEG ratio of 6.69 and a beta of 0.83. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.83 and a current ratio of 0.83.

DCT Industrial Trust (NYSE:DCT) last released its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.39). DCT Industrial Trust had a return on equity of 5.90% and a net margin of 27.54%. The firm had revenue of $109.78 million for the quarter, compared to analyst estimates of $110.02 million. sell-side analysts predict that DCT Industrial Trust Inc will post 2.58 earnings per share for the current fiscal year.

DCT Industrial Trust Profile

DCT Industrial is a leading logistics real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States. DCT's actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics.

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Institutional Ownership by Quarter for DCT Industrial Trust (NYSE:DCT)

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