California Public Employees Retirement System lifted its holdings in Duke Realty Corp (NYSE:DRE) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 917,671 shares of the real estate investment trust’s stock after purchasing an additional 32,122 shares during the period. California Public Employees Retirement System owned about 0.26% of Duke Realty worth $24,970,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Advisor Group Inc. lifted its holdings in Duke Realty by 0.3% in the second quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 12 shares during the last quarter. Toronto Dominion Bank raised its position in Duke Realty by 12.6% in the second 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 period. Zeke Capital Advisors LLC purchased a new stake in shares of Duke Realty during the third quarter worth $211,000. Synovus Financial Corp purchased a new stake in shares of Duke Realty during the third quarter worth $212,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Duke Realty during the third quarter worth $228,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.
Duke Realty Corp (NYSE:DRE) traded up $0.10 during trading hours on Wednesday, hitting $25.70. 1,980,566 shares of the company traded hands, compared to its average volume of 2,965,669. Duke Realty Corp has a 1-year low of $24.30 and a 1-year high of $30.14. The firm has a market cap of $9,185.34, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 4.64 and a beta of 0.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 4.43 and a quick ratio of 4.43.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Wednesday, February 14th. Duke Realty’s payout ratio is currently 17.54%.
A number of analysts have recently weighed in on DRE shares. SunTrust Banks set a $27.00 price objective on Duke Realty and gave the stock a “hold” rating in a research report on Friday, February 9th. Robert W. Baird set a $32.00 price objective on shares of Duke Realty and gave the company a “buy” rating in a research note on Monday, February 5th. Citigroup upgraded shares of Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Thursday, December 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $31.00 price objective (up previously from $29.00) on shares of Duke Realty in a research report on Wednesday, January 3rd. Finally, BMO Capital Markets restated a “hold” rating and issued a $28.00 price objective on shares of Duke Realty in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Duke Realty currently has a consensus rating of “Hold” and a consensus target price of $29.82.
In other news, Director Charles R. Eitel sold 5,242 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $24.96, for a total value of $130,840.32. Following the completion of the sale, the director now owns 4,927 shares of the company’s stock, valued at approximately $122,977.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by insiders.
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About Duke Realty
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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