DCT Industrial Trust Inc (NYSE:DCT) was downgraded by research analysts at UBS AG from a “neutral” rating to a “sell” rating in a report issued on Friday, The Fly reports.

Several other research analysts also recently weighed in on DCT. Citigroup Inc. restated a “neutral” rating and set a $52.00 price target (up previously from $49.00) on shares of DCT Industrial Trust in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of DCT Industrial Trust from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Wednesday, May 24th. Stifel Nicolaus increased their price objective on shares of DCT Industrial Trust from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. BidaskClub downgraded shares of DCT Industrial Trust from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Jefferies Group LLC initiated coverage on shares of DCT Industrial Trust in a report on Friday, June 23rd. They issued a “hold” rating and a $53.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.71.

Shares of DCT Industrial Trust (NYSE DCT) traded up 0.22% during midday trading on Friday, hitting $58.94. The stock had a trading volume of 70,596 shares. The firm has a 50 day moving average price of $56.85 and a 200-day moving average price of $52.46. DCT Industrial Trust has a 52-week low of $42.96 and a 52-week high of $59.28. The stock has a market cap of $5.49 billion, a PE ratio of 59.06 and a beta of 0.95.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. DCT Industrial Trust had a net margin of 22.20% and a return on equity of 4.69%. The firm had revenue of $104.50 million during the quarter, compared to the consensus estimate of $106.54 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts predict that DCT Industrial Trust will post $0.87 EPS for the current fiscal year.

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In other news, Director John C. Okeeffe sold 1,750 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $57.95, for a total transaction of $101,412.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DCT. Nisa Investment Advisors LLC increased its holdings in shares of DCT Industrial Trust by 34.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 7,150 shares of the real estate investment trust’s stock worth $344,000 after buying an additional 1,850 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of DCT Industrial Trust by 7.0% during the 1st quarter. Profund Advisors LLC now owns 15,466 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 1,018 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of DCT Industrial Trust during the 1st quarter worth approximately $1,227,000. Russell Investments Group Ltd. increased its holdings in shares of DCT Industrial Trust by 58.2% during the 1st quarter. Russell Investments Group Ltd. now owns 231,071 shares of the real estate investment trust’s stock worth $11,102,000 after buying an additional 85,009 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of DCT Industrial Trust by 98.8% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,419 shares of the real estate investment trust’s stock worth $453,000 after buying an additional 4,682 shares during the last quarter. Institutional investors and hedge funds own 95.42% of the company’s stock.

DCT Industrial Trust Company Profile

DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company specializes in the ownership, acquisition, development, leasing and management of bulk-distribution and light-industrial properties located in various distribution markets in the United States. The Company operates through three segments: East, Central and West.

The Fly

Analyst Recommendations for DCT Industrial Trust (NYSE:DCT)

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