Jefferies Comments on Acquisitions at DCT Industrial Trust

Jefferies has published a research report on DCT Industrial Trust

reviewing the company in view of new acquisitions. In the report, Jefferies wrote, "Interestingly, $19.8M of the year-todate acquisitions were land parcels that DCT plans to develop. We believe the company will continue to pursue land and value-added opportunities, especially in core industrial markets where transaction cap rates are well below the national average." Jefferies rated DCT Industrial Trust a HOLD with a price target of $4.50. DCT Industrial Trust closed Friday at $4.36.