DCT Industrial Trust Inc (NYSE:DCT) Issues FY17 Earnings Guidance

World Asset Management Inc now owns 5,822 shares of the real estate investment trust's stock worth $311,000 after buying an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 91.19% of the company's stock. Renaissance Technologies LLC purchased a new stake in shares of DCT Industrial Trust during the fourth quarter worth about $3,931,000. AQR Capital Management LLC now owns 21,053 shares of the real estate investment trust's stock worth $1,008,000 after buying an additional 3,010 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in First Industrial Realty Trust by 10.0% in the first quarter. Teachers Advisors LLC increased its stake in shares of DCT Industrial Trust by 13.4% in the fourth quarter. Teachers Advisors LLC now owns 129,003 shares of the real estate investment trust's stock worth $6,177,000 after buying an additional 15,242 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of First Industrial Realty Trust by 2.0% in the first quarter. Capstone Asset Management Co. now owns 12,502 shares of the real estate investment trust's stock valued at $333,000 after buying an additional 250 shares during the last quarter.

DCT Industrial Trust Inc (NYSE:DCT) traded up 0.42% on Friday, hitting $55.44. The stock had a trading volume of 621,429 shares. DCT Industrial Trust has a one year low of $42.96 and a one year high of $57.28. The firm has a 50 day moving average of $29.44 and a 200 day moving average of $28.02. The stock has a market cap of $3.72 billion, a P/E ratio of 31.64 and a beta of 0.99.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.60. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The business had revenue of $104.50 million during the quarter, compared to the consensus estimate of $106.54 million. During the same period a year ago, the business earned $0.36 earnings per share. The business's revenue for the quarter was up 4.9% on a year-over-year basis. Can raised its stake in shares of First Industrial Realty Trust by 0.3% in the second quarter.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.21 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, September 28th. DCT Industrial Trust's dividend payout ratio (DPR) is presently 125.25%. If you are reading this news story on another website, it was stolen and reposted in violation of global copyright laws. If you are accessing this story on another publication, it was copied illegally and republished in violation of USA & worldwide trademark & copyright legislation. The correct version of this piece can be read at https://sportsperspectives.com/2017/08/13/keycorp-weighs-in-on-first-industrial-realty-trust-inc-s-fy2018-earnings-fr-updated.html.

DCT has been the subject of a number of research reports. Zacks Investment Research raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a "buy" rating and issued a $33.00 target price on shares of First Industrial Realty Trust in a research report on Friday, July 28th. Finally, Jefferies Group LLC reissued a "hold" rating and set a $29.00 price target on shares of First Industrial Realty Trust in a report on Monday, April 24th. BidaskClub downgraded DCT Industrial Trust from a "buy" rating to a "hold" rating in a research report on Friday, June 30th. Finally, 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 note on Monday, May 15th. The stock has an average rating of "Hold" and a consensus price target of $30.20. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. On average, equities analysts anticipate that First Industrial Realty Trust, Inc. will post $0.65 earnings per share for the current fiscal year. 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 $30.22, for a total value of $604,400.00. Following the sale, the chief financial officer now owns 37 shares of the company's stock, valued at $1,957.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The shares were sold at an average price of $30.43, for a total value of $369,176.76. Following the completion of the transaction, the chief financial officer now owns 107,273 shares of the company's stock, valued at approximately $3,241,790.06. The disclosure for this sale can be found here. Morgan Stanley now owns 1,516,648 shares of the real estate investment trust's stock valued at $72,981,000 after buying an additional 975,957 shares during the last quarter.

DCT Industrial Trust Inc (DCT) is an industrial real estate company. As of December 31, 2016, the Company's in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.

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