DCT Industrial Trust Inc (DCT) : Traders are bullish on DCT Industrial Trust Inc (DCT) as it has outperformed the S&P 500 by a wide margin of 0.81% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.98%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.49% in the last 1 week, and is up 0.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.95% and the 50-Day Moving Average is 1.66%.The 200 Day SMA reached 20.14%. DCT Industrial Trust Inc. is up 12.42% in the last 3-month period. Year-to-Date the stock performance stands at 33.45%.
DCT Industrial Trust Inc (NYSE:DCT): After opening at $48.75, the stock dipped to an intraday low of $48.62 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $49.65 and the buying power remained strong till the end. The stock closed at $49.2 for the day, a gain of 1.32% for the day session. The total traded volume was 681,626. The stocks close on the previous trading day was $48.56.
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.