Dct Industrial Trust Inc. (DCT) Files Form 4 Insider Selling : John V Pharris Sells 5,807 Shares

Dct Industrial Trust Inc. (DCT): John V Pharris , Managing Director of Dct Industrial Trust Inc. sold 5,807 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $43.09 per share for a total value of $250,223.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Teresa Corral (Executive Vice President) sold 1,419 shares at $38.01 per share price.On Mar 7, 2016, Philip L Hawkins (Chief Executive Officer) sold 26,000 shares at $37.64 per share price.Also, On Dec 21, 2015, Matthew T Murphy (Chief Financial Officer) sold 2,700 shares at $37.18 per share price.On Dec 18, 2015, Thomas G Wattles (Chairman) sold 35,000 shares at $37.79 per share price.

Shares of DCT Industrial Trust Inc (DCT) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -0.30% at $42.96 with 10,20,267 shares getting traded. Post opening the session at $43.26, the shares hit an intraday low of $42.84 and an intraday high of $43.42 and the price vacillated in this range throughout the day. The company has a market cap of $3,864 M and the number of outstanding shares has been calculated to be 8,99,34,880 shares. The 52-week high of DCT Industrial Trust Inc is $43.42 and the 52-week low is $31.08.

DCT Industrial Trust Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.DCT Industrial Trust Inc is Initiated by Raymond James to Outperform and the brokerage firm has set the Price Target at $43. The Rating was issued on Apr 22, 2016.DCT Industrial Trust Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 43 from a previous price target of $40 .The Rating was issued on Apr 15, 2016.

DCT Industrial Trust Inc. is an industrial real estate company. The Company specializes in the acquisition development leasing and management of bulk distribution and light industrial properties located in high-volume distribution markets in the United States. It conducts its business through a majority owned and controlled subsidiary DCT Industrial Operating Partnership LP. The Company operates in three segments: East Central and West. Its portfolio primarily consists of bulk distribution warehouses and light industrial properties. The Company holds interests in around 72.3 million square feet of properties which include approximately 62.0 million square feet comprising 393 consolidated operating properties; around 8.1 million square feet comprising 24 unconsolidated properties; approximately 0.8 million square feet comprising six consolidated properties under redevelopment and around 1.4 million square feet comprising seven consolidated buildings which are in lease-up.

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