DCT Industrial Trust Inc (DCT) : Pensionfund Dsm Netherlands reduced its stake in DCT Industrial Trust Inc by 69.96% during the most recent quarter end. The investment management company now holds a total of 12,025 shares of DCT Industrial Trust Inc which is valued at $476,791 after selling 28,000 shares in DCT Industrial Trust Inc according to a report filed by the company on Apr 4, 2016 with the SEC.DCT Industrial Trust Inc makes up approximately 0.07% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Pensionfund Sabic reduced its stake in DCT by selling 12,000 shares or 66.44% in the most recent quarter. The Hedge Fund company now holds 6,062 shares of DCT which is valued at $240,358. DCT Industrial Trust Inc makes up approx 0.07% of Pensionfund Sabic’s portfolio.
On the company’s financial health, DCT Industrial Trust Inc reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.51. The company had revenue of $89.29 million for the quarter, compared to analysts expectations of $89.79 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Many Wall Street Analysts have commented on DCT Industrial Trust Inc. DCT Industrial Trust Inc was Upgraded by Credit Suisse to ” Neutral” on Feb 5, 2016.
DCT Industrial Trust Inc closed down -0.05 points or -0.13% at $39.65 with 7,65,392 shares getting traded on Monday. Post opening the session at $39.79, the shares hit an intraday low of $39.47 and an intraday high of $39.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.