PNC Financial Services Group Inc. Has $133,000 Position in DCT Industrial Trust Inc (DCT)

PNC Financial Services Group Inc. boosted its stake in DCT Industrial Trust Inc (NYSE:DCT) by 13.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,780 shares of the real estate investment trust’s stock after buying an additional 333 shares during the period. PNC Financial Services Group Inc.’s holdings in DCT Industrial Trust were worth $133,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in DCT. Norges Bank purchased a new stake in DCT Industrial Trust during the fourth quarter valued at about $37,886,000. Wells Fargo & Company MN raised its stake in shares of DCT Industrial Trust by 6.2% in the first quarter. Wells Fargo & Company MN now owns 34,321 shares of the real estate investment trust’s stock worth $1,652,000 after buying an additional 2,010 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of DCT Industrial Trust by 21.2% in the first quarter. LS Investment Advisors LLC now owns 7,429 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 1,299 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of DCT Industrial Trust by 30.7% in the first quarter. Capstone Asset Management Co. now owns 11,303 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 2,653 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of DCT Industrial Trust by 22.0% in the first quarter. Pacer Advisors Inc. now owns 12,980 shares of the real estate investment trust’s stock worth $625,000 after buying an additional 2,345 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

DCT Industrial Trust Inc (NYSE:DCT) traded up 0.28% during mid-day trading on Friday, reaching $57.08. 402,887 shares of the company’s stock traded hands. DCT Industrial Trust Inc has a 52 week low of $42.96 and a 52 week high of $57.61. The stock’s 50 day moving average is $55.24 and its 200-day moving average is $51.29. The stock has a market capitalization of $5.31 billion, a PE ratio of 57.19 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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. DCT Industrial Trust had a return on equity of 4.69% and a net margin of 22.20%. The company had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $106.54 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate that DCT Industrial Trust Inc will post $0.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, October 6th will be paid a $0.31 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.24 annualized dividend and a dividend yield of 2.17%. DCT Industrial Trust’s payout ratio is 125.25%.

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A number of equities research analysts recently weighed in on DCT shares. 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 boosted their price target 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 lowered 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 assumed coverage on shares of DCT Industrial Trust in a report on Friday, June 23rd. They issued a “hold” rating and a $53.00 price target for the company. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. DCT Industrial Trust has a consensus rating of “Hold” and an average price target of $52.71.

In other news, insider Mark Skomal sold 1,320 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $53.66, for a total value of $70,831.20. Following the completion of the transaction, the insider now owns 1,167 shares of the company’s stock, valued at $62,621.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew T. Murphy sold 7,481 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.90, for a total value of $395,744.90. Following the completion of the transaction, the chief financial officer now directly owns 37 shares of the company’s stock, valued at approximately $1,957.30. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

About DCT Industrial Trust

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.

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

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