DCT Industrial Trust Inc (DCT) : Apg Asset Management Us reduced its stake in DCT Industrial Trust Inc by 5.29% during the most recent quarter end. The investment management company now holds a total of 3,239,779 shares of DCT Industrial Trust Inc which is valued at $158,554,784 after selling 180,869 shares in DCT Industrial Trust Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.DCT Industrial Trust Inc makes up approximately 1.22% of Apg Asset Management Us’s portfolio.
Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in DCT in the latest quarter, The investment management firm added 8,284 additional shares and now holds a total of 611,858 shares of DCT Industrial Trust Inc which is valued at $29,944,331. DCT Industrial Trust Inc makes up approx 0.02% of Blackrock Group Ltd’s portfolio. Princeton Alpha Management Lp sold out all of its stake in DCT during the most recent quarter. The investment firm sold 39,940 shares of DCT which is valued $1,951,868.Rothschild Asset Management Inc boosted its stake in DCT in the latest quarter, The investment management firm added 17,865 additional shares and now holds a total of 564,445 shares of DCT Industrial Trust Inc which is valued at $27,996,472. DCT Industrial Trust Inc makes up approx 0.49% of Rothschild Asset Management Inc’s portfolio.
DCT Industrial Trust Inc opened for trading at $49.15 and hit $49.2285 on the upside on Tuesday, eventually ending the session at $48.99, with a gain of 0.18% or 0.09 points. The heightened volatility saw the trading volume jump to 3,44,115 shares. Company has a market cap of $4,416 M.
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. DCT Industrial Trust Inc was Downgraded by CapitalOne to ” Underweight” on Aug 8, 2016. DCT Industrial Trust Inc was Downgraded by CapitalOne to ” Equal Weight” on May 18, 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.