UPDATE: ISI Group Raises DCT Industrial Trust's PT

According to a research report published this morning, ISI Group has increased DCT industrial Trust's DCT PT from $5.50 to $6. In the report, ISI Group mentioned, "While we are constructive on the outlook for continued fundamental improvement in the US industrial markets, and like DCT's asset recycling program, we believe the good news for fundamentals and improved portfolio quality are fully reflected in DCT's stock price and therefore we are maintaining our Hold rating. However, our PT for DCT increases from $5.50 to $6.00 due to the increase in our NAV and DCF." DCT Industrial Trust closed yesterday at $6.