Duke Realty Corp (DRE) Position Trimmed by Strs Ohio

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Strs Ohio lessened its holdings in shares of Duke Realty Corp (NYSE:DRE) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 920,110 shares of the real estate investment trust’s stock after selling 12,648 shares during the period. Strs Ohio owned 0.26% of Duke Realty worth $26,710,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Daiwa Securities Group Inc. raised its holdings 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 period. Boston Partners grew its position in Duke Realty by 2.6% in the second quarter. Boston Partners now owns 6,783,307 shares of the real estate investment trust’s stock worth $196,920,000 after acquiring an additional 174,944 shares in the last quarter. Northern Trust Corp grew its position in Duke Realty by 3.5% in the first quarter. Northern Trust Corp now owns 6,385,405 shares of the real estate investment trust’s stock worth $169,084,000 after acquiring an additional 213,031 shares in the last quarter. Centersquare Investment Management LLC bought a new stake in Duke Realty in the first quarter worth approximately $154,268,000. Finally, PGGM Investments grew its position in Duke Realty by 15.6% in the second quarter. PGGM Investments now owns 5,407,800 shares of the real estate investment trust’s stock worth $156,988,000 after acquiring an additional 729,200 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

DRE has been the subject of several recent research reports. Zacks Investment Research raised shares of Duke Realty from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Monday, July 2nd. Citigroup upped their price objective on shares of Duke Realty from $30.50 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 price objective on shares of Duke Realty in a report on Monday, July 30th. BMO Capital Markets set a $29.00 price target on shares of Duke Realty and gave the company a “hold” rating in a report on Wednesday, July 25th. Finally, SunTrust Banks set a $28.00 price target on shares of Duke Realty and gave the company a “hold” rating in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Duke Realty has an average rating of “Hold” and an average target price of $30.00.

Shares of Duke Realty stock opened at $28.40 on Friday. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.51. The stock has a market cap of $10.19 billion, a P/E ratio of 22.90, a PEG ratio of 4.30 and a beta of 0.58. Duke Realty Corp has a 12-month low of $24.30 and a 12-month high of $30.14.

Duke Realty (NYSE:DRE) last posted its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The firm had revenue of $192.09 million during the quarter, compared to analysts’ expectations of $195.04 million. Duke Realty had a net margin of 72.53% and a return on equity of 7.87%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 EPS. equities research analysts forecast that Duke Realty Corp will post 1.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Thursday, August 16th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Wednesday, August 15th. Duke Realty’s payout ratio is presently 64.52%.

In other news, insider Steven W. Schnur sold 2,600 shares of the firm’s stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $28.89, for a total value of $75,114.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.

Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 150 million rentable square feet of industrial assets in 20 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.

Further Reading: Fundamental Analysis and Individual Investors

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

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