First Trust Advisors LP trimmed its holdings in shares of Duke Realty Corporation (NYSE:DRE) by 35.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 115,470 shares of the real estate investment trust’s stock after selling 64,629 shares during the period. First Trust Advisors LP’s holdings in Duke Realty Corporation were worth $3,328,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. boosted its stake in Duke Realty Corporation by 4,741.6% during the 2nd quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 3,651 shares during the last quarter. First Personal Financial Services boosted its stake in Duke Realty Corporation by 1.2% during the 2nd quarter. First Personal Financial Services now owns 3,931 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 46 shares during the last quarter. Advisor Group Inc. boosted its stake in Duke Realty Corporation by 0.3% during the 2nd quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 12 shares during the last quarter. Toronto Dominion Bank boosted its stake in Duke Realty Corporation by 12.6% during the 2nd quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 488 shares during the last quarter. Finally, Fiduciary Trust Co. purchased a new stake in Duke Realty Corporation during the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 92.36% of the company’s stock.
Several analysts have commented on DRE shares. Zacks Investment Research downgraded Duke Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BMO Capital Markets started coverage on Duke Realty Corporation in a research note on Monday, September 11th. They set a “market perform” rating and a $30.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $31.00 target price on shares of Duke Realty Corporation in a research note on Thursday, September 21st. BidaskClub upgraded Duke Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Robert W. Baird cut their target price on Duke Realty Corporation from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.55.
Duke Realty Corporation (NYSE:DRE) opened at $28.91 on Tuesday. The stock has a market capitalization of $10,271.10, a price-to-earnings ratio of 23.07, a PEG ratio of 5.32 and a beta of 0.92. Duke Realty Corporation has a 52 week low of $23.93 and a 52 week high of $30.14. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.45.
Duke Realty Corporation (NYSE:DRE) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $169.61 million for the quarter, compared to the consensus estimate of $168.75 million. Duke Realty Corporation had a return on equity of 6.36% and a net margin of 178.66%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. research analysts predict that Duke Realty Corporation will post 1.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be paid a $0.20 dividend. This is an increase from Duke Realty Corporation’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, November 15th. Duke Realty Corporation’s dividend payout ratio (DPR) is 19.18%.
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Duke Realty Corporation Company Profile
Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments.
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