DCT Industrial Trust Inc (DCT) : Alpine Partners Vi added new position in DCT Industrial Trust Inc during the most recent quarter end. The investment management firm now holds 148,750 shares of DCT Industrial Trust Inc which is valued at $6.4 Million , the company said in a statement filed on May 12, 2016 with the SEC.DCT Industrial Trust Inc makes up approximately 1.55% of Alpine Partners Vi’s portfolio.
Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in DCT in the latest quarter, The investment management firm added 182,450 additional shares and now holds a total of 217,953 shares of DCT Industrial Trust Inc which is valued at $9.3 Million. DCT Industrial Trust Inc makes up approx 0.05% of Thrivent Financial For Lutherans’s portfolio.Proshare Advisors reduced its stake in DCT by selling 8,289 shares or 18.48% in the most recent quarter. The Hedge Fund company now holds 36,561 shares of DCT which is valued at $1.5 Million. DCT Industrial Trust Inc makes up approx 0.02% of Proshare Advisors’s portfolio.Nationwide Fund Advisors reduced its stake in DCT by selling 2,956 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 195,566 shares of DCT which is valued at $8.2 Million. DCT Industrial Trust Inc makes up approx 0.04% of Nationwide Fund Advisors’s portfolio.Duff Phelps Investment Management Co reduced its stake in DCT by selling 322,600 shares or 13.91% in the most recent quarter. The Hedge Fund company now holds 1,996,355 shares of DCT which is valued at $84 Million. DCT Industrial Trust Inc makes up approx 1.31% of Duff Phelps Investment Management Co’s portfolio.Quantitative Investment Management reduced its stake in DCT by selling 3,200 shares or 8.6% in the most recent quarter. The Hedge Fund company now holds 34,000 shares of DCT which is valued at $1.4 Million. DCT Industrial Trust Inc makes up approx 0.07% of Quantitative Investment Management’s portfolio.
DCT Industrial Trust Inc opened for trading at $41.72 and hit $42.14 on the upside on Friday, eventually ending the session at $42.11, with a gain of 1.37% or 0.57 points. The heightened volatility saw the trading volume jump to 7,35,379 shares. Company has a market cap of $3,787,163 M.
On the company’s financial health, DCT Industrial Trust Inc reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.51. The company had revenue of $94.40 million for the quarter, compared to analysts expectations of $90.74 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on DCT Industrial Trust Inc. DCT Industrial Trust Inc was Downgraded by CapitalOne to ” Equal Weight” on May 18, 2016. Raymond James Initiated DCT Industrial Trust Inc on Apr 22, 2016 to “Outperform”, Price Target of the shares are set at $43.Company shares were Reiterated by Stifel on Apr 15, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .
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.