DCT Industrial Trust Inc (DCT) : Green Street Investors added new position in DCT Industrial Trust Inc during the most recent quarter end. The investment management firm now holds 122,100 shares of DCT Industrial Trust Inc which is valued at $4,929,177 , the company said in a statement filed on Apr 25, 2016 with the SEC.DCT Industrial Trust Inc makes up approximately 4.43% of Green Street Investors’s portfolio.
DCT Industrial Trust Inc opened for trading at $40.54 and hit $41.14 on the upside on Monday, eventually ending the session at $41.03, with a gain of 1.63% or 0.66 points. The heightened volatility saw the trading volume jump to 4,99,708 shares. Company has a market cap of $3,630 M.
Other Hedge Funds, Including , Burt Wealth Advisors added DCT to its portfolio by purchasing 28 company shares during the most recent quarter which is valued at $1,130.Metlife Securities Inc reduced its stake in DCT by selling 498 shares or 50.46% in the most recent quarter. The Hedge Fund company now holds 489 shares of DCT which is valued at $19,496. Strs Ohio sold out all of its stake in DCT during the most recent quarter. The investment firm sold 167,848 shares of DCT which is valued $6,692,100.Boston Advisors reduced its stake in DCT by selling 68,080 shares or 24.71% in the most recent quarter. The Hedge Fund company now holds 207,444 shares of DCT which is valued at $8,270,792. DCT Industrial Trust Inc makes up approx 0.20% of Boston Advisors’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. 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 was Upgraded by Credit Suisse to ” Neutral” on Feb 5, 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.