Northwestern Mutual Investment Management Company LLC Has $1.72 Million Holdings in Duke Realty Corp (DRE)

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Northwestern Mutual Investment Management Company LLC cut its position in shares of Duke Realty Corp (NYSE:DRE) by 19.2% during the first quarter, HoldingsChannel.com reports. The firm owned 64,980 shares of the real estate investment trust’s stock after selling 15,462 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Duke Realty were worth $1,721,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Centersquare Investment Management LLC acquired a new stake in shares of Duke Realty during the first quarter valued at about $154,268,000. Boston Partners increased its position in shares of Duke Realty by 97.1% during the first quarter. Boston Partners now owns 6,608,363 shares of the real estate investment trust’s stock valued at $174,990,000 after acquiring an additional 3,255,354 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Duke Realty by 41.8% during the first quarter. Daiwa Securities Group Inc. now owns 8,766,609 shares of the real estate investment trust’s stock valued at $232,140,000 after acquiring an additional 2,585,189 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Duke Realty during the first quarter valued at about $33,687,000. Finally, Allianz Asset Management GmbH increased its position in shares of Duke Realty by 6,176.2% during the first quarter. Allianz Asset Management GmbH now owns 1,170,384 shares of the real estate investment trust’s stock valued at $30,992,000 after acquiring an additional 1,151,736 shares during the last quarter. 93.96% of the stock is currently owned by institutional investors.

Shares of Duke Realty opened at $28.44 on Friday, MarketBeat.com reports. The company has a quick ratio of 4.50, a current ratio of 4.51 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $10.15 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 4.59 and a beta of 0.74. Duke Realty Corp has a fifty-two week low of $24.30 and a fifty-two week high of $30.14.

Duke Realty (NYSE:DRE) last announced its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.13. The firm had revenue of $234.60 million during the quarter, compared to analysts’ expectations of $184.19 million. Duke Realty had a net margin of 196.21% and a return on equity of 5.98%. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. research analysts predict that Duke Realty Corp will post 1.3 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Wednesday, May 16th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.81%. The ex-dividend date was Tuesday, May 15th. Duke Realty’s dividend payout ratio (DPR) is presently 64.52%.

In other Duke Realty news, Director Melanie R. Sabelhaus sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $27.52, for a total transaction of $110,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

A number of brokerages have weighed in on DRE. Morgan Stanley lifted their price target on shares of Duke Realty from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday. Zacks Investment Research cut shares of Duke Realty from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Bank of America upgraded shares of Duke Realty from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 1st. BMO Capital Markets set a $28.00 price target on shares of Duke Realty and gave the company a “hold” rating in a research report on Wednesday, April 25th. Finally, ValuEngine upgraded shares of Duke Realty from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Duke Realty currently has an average rating of “Buy” and a consensus price target of $29.55.

Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 146 million rentable square feet of industrial assets in 21 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index. More information about Duke Realty Corporation is available at www.dukerealty.com.

Want to see what other hedge funds are holding DRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Realty Corp (NYSE:DRE).

Institutional Ownership by Quarter for Duke Realty (NYSE:DRE)

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