DCT Industrial Trust Inc (DCT) : Duff Phelps Investment Management Co scooped up 318,763 additional shares in DCT Industrial Trust Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 1,902,918 shares of DCT Industrial Trust Inc which is valued at $88,580,833.DCT Industrial Trust Inc makes up approximately 1.28% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , Legal General Group Plc boosted its stake in DCT in the latest quarter, The investment management firm added 17,003 additional shares and now holds a total of 225,129 shares of DCT Industrial Trust Inc which is valued at $10,200,595. DCT Industrial Trust Inc makes up approx 0.01% of Legal General Group Plc’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in DCT in the latest quarter, The investment management firm added 1,410 additional shares and now holds a total of 31,123 shares of DCT Industrial Trust Inc which is valued at $1,435,393. DCT Industrial Trust Inc makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.
DCT Industrial Trust Inc closed down -0.05 points or -0.11% at $46.55 with 5,37,713 shares getting traded on Friday. Post opening the session at $46.61, the shares hit an intraday low of $46.1 and an intraday high of $46.93 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, DCT Industrial Trust Inc reported $0.54 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.54. The company had revenue of $95.90 million for the quarter, compared to analysts expectations of $94.85 million. The company’s revenue was up 8.4% 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. Mizuho Initiated DCT Industrial Trust Inc on Sep 28, 2016 to “Neutral”, Price Target of the shares are set at $51.DCT Industrial Trust Inc was Downgraded by CapitalOne to ” Underweight” on Aug 8, 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.