Geode Capital Management LLC boosted its position in shares of DCT Industrial Trust Inc. (NYSE:DCT) by 8.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 701,049 shares of the company’s stock after buying an additional 53,879 shares during the period. Geode Capital Management LLC owned about 0.79% of DCT Industrial Trust worth $27,670,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of DCT Industrial Trust by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 12,564,114 shares of the company’s stock worth $469,521,000 after buying an additional 268,938 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of DCT Industrial Trust by 7.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,478,220 shares of the company’s stock worth $137,285,000 after buying an additional 245,228 shares during the period. Deutsche Bank AG boosted its stake in shares of DCT Industrial Trust by 3,575.0% in the fourth quarter. Deutsche Bank AG now owns 3,135,406 shares of the company’s stock worth $117,168,000 after buying an additional 3,050,089 shares during the period. State Street Corp boosted its stake in shares of DCT Industrial Trust by 15.5% in the first quarter. State Street Corp now owns 3,114,692 shares of the company’s stock worth $122,937,000 after buying an additional 418,039 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of DCT Industrial Trust by 216.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,336,145 shares of the company’s stock worth $52,738,000 after buying an additional 913,519 shares during the period.
DCT Industrial Trust Inc. (NYSE:DCT) remained flat at $48.89 during trading on Tuesday. The company’s stock had a trading volume of 492,140 shares. DCT Industrial Trust Inc. has a 12-month low of $31.08 and a 12-month high of $49.14. The firm has a 50-day moving average of $46.81 and a 200 day moving average of $40.73. The stock has a market capitalization of $4.40 billion and a PE ratio of 42.89.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 13th. Stockholders of record on Friday, July 1st were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Wednesday, June 29th.
A number of analysts have weighed in on the company. Zacks Investment Research cut DCT Industrial Trust from a “hold” rating to a “sell” rating in a research report on Monday, May 9th. Capital One Financial Corp. cut DCT Industrial Trust from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, May 18th. Citigroup Inc. upped their price target on DCT Industrial Trust from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Raymond James Financial Inc. assumed coverage on DCT Industrial Trust in a research report on Thursday, April 21st. They issued an “outperform” rating and a $43.00 price target on the stock. Finally, Evercore ISI cut DCT Industrial Trust from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research report on Monday, May 23rd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $41.67.
In related news, CAO Mark Skomal sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $42.00, for a total transaction of $50,400.00. Following the transaction, the chief accounting officer now directly owns 500 shares of the company’s stock, valued at approximately $21,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Neil Doyle sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $42.52, for a total value of $637,800.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $637,800. The disclosure for this sale can be found here.
DCT Industrial Trust Inc (DCT) is an industrial real estate company. The Company is engaged in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in distribution markets in the United States. The Company operates in three segments: East, Central and West.
