Large Inflow of Money Detected in DCT Industrial Trust Inc

DCT Industrial Trust Inc (DCT) : Investors lapped up stocks on upticks to the tune of $4.54 million in the Tuesdays trading session. The trading value on downticks was comparatively at $2.15 million and the uptick to downtick ratio of 2.11 indicates continuous buying by the bulls. The net money flow into the stock was $2.39 million. Upticks saw transactions worth $1.69 clearly indicating buying by large investors. The total money flow for block trades stood at $1.69 million, which is a positive for the stock in the long-term. DCT Industrial Trust Inc (DCT) fell $0.28 during the day at $48.51, a drop of -0.57% over the previous days close. However, for the week, the stock is 0.06%, compared to the previous week.


Also, BTIG Research initiates coverage on DCT Industrial Trust Inc (NYSE:DCT).The analysts at the brokerage house have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.

DCT Industrial Trust Inc. has lost 0.55% in the last five trading days and dropped 3.39% in the last 4 weeks. DCT Industrial Trust Inc. is up 12.88% in the last 3-month period. Year-to-Date the stock performance stands at 32.15%.

DCT Industrial Trust Inc (NYSE:DCT): The stock opened at $49.00 on Tuesday but the bulls could not build on the opening and the stock topped out at $49.02 for the day. The stock traded down to $48.25 during the day, due to lack of any buying support eventually closed down at $48.72 with a loss of -0.14% for the day. The stock had closed at $48.79 on the previous day. The total traded volume was 759,478 shares.

In a related news,The director of Dct Industrial Trust Inc., Okeeffe John C sold 2,250 shares at $45.61 on June 9, 2016. The Insider selling transaction had a total value worth of $102,623. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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