DCT Industrial Trust Inc (DCT) Stake Increased by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA lifted its position in shares of DCT Industrial Trust Inc (NYSE:DCT) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,910 shares of the real estate investment trust’s stock after acquiring an additional 1,921 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in DCT Industrial Trust were worth $1,729,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in shares of DCT Industrial Trust by 3.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the real estate investment trust’s stock worth $1,695,000 after acquiring an additional 800 shares in the last quarter. GWM Advisors LLC lifted its stake in DCT Industrial Trust by 3.2% in the 2nd quarter. GWM Advisors LLC now owns 26,631 shares of the real estate investment trust’s stock valued at $1,750,000 after buying an additional 824 shares in the last quarter. Flinton Capital Management LLC lifted its stake in DCT Industrial Trust by 6.1% in the 1st quarter. Flinton Capital Management LLC now owns 14,756 shares of the real estate investment trust’s stock valued at $831,000 after buying an additional 850 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in DCT Industrial Trust by 3.4% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 29,110 shares of the real estate investment trust’s stock valued at $1,640,000 after buying an additional 960 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in DCT Industrial Trust by 7.7% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,570 shares of the real estate investment trust’s stock valued at $821,000 after buying an additional 1,044 shares in the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on DCT. Citigroup raised their price target on shares of DCT Industrial Trust from $64.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of DCT Industrial Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Wells Fargo & Co lowered shares of DCT Industrial Trust from an “outperform” rating to a “market perform” rating and set a $67.00 price target on the stock. in a research note on Monday, May 14th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $66.00 price target on shares of DCT Industrial Trust in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. DCT Industrial Trust currently has a consensus rating of “Hold” and an average target price of $62.10.

DCT stock remained flat at $$66.28 during mid-day trading on Friday. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 6.69 and a beta of 0.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.85. DCT Industrial Trust Inc has a 52-week low of $52.58 and a 52-week high of $69.51.

DCT Industrial Trust (NYSE:DCT) last released its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.39). The business had revenue of $109.78 million during the quarter, compared to analyst estimates of $110.02 million. DCT Industrial Trust had a net margin of 27.54% and a return on equity of 5.90%. sell-side analysts forecast that DCT Industrial Trust Inc will post 2.58 earnings per share for the current fiscal year.

About DCT Industrial Trust

DCT Industrial is a leading logistics real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States. DCT's actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics.

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Institutional Ownership by Quarter for DCT Industrial Trust (NYSE:DCT)

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