Duke Realty Corporation (DRE) Holdings Raised by First Trust Advisors LP

First Trust Advisors LP increased its stake in Duke Realty Corporation (NYSE:DRE) by 10.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,099 shares of the real estate investment trust’s stock after purchasing an additional 17,739 shares during the period. First Trust Advisors LP owned 0.05% of Duke Realty Corporation worth $5,034,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. raised its position in shares of Duke Realty Corporation by 7.6% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 9,459 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 672 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Duke Realty Corporation by 5.0% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 43,224 shares of the real estate investment trust’s stock valued at $1,135,000 after acquiring an additional 2,057 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Duke Realty Corporation by 2.4% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 108,679 shares of the real estate investment trust’s stock valued at $2,855,000 after acquiring an additional 2,526 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Duke Realty Corporation by 1.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 536,952 shares of the real estate investment trust’s stock valued at $14,095,000 after acquiring an additional 10,011 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Duke Realty Corporation by 17.6% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 14,219 shares of the real estate investment trust’s stock valued at $374,000 after acquiring an additional 2,128 shares during the last quarter. Hedge funds and other institutional investors own 93.69% of the company’s stock.

Shares of Duke Realty Corporation (NYSE DRE) traded down 0.44% during midday trading on Friday, reaching $29.57. 2,985,851 shares of the company’s stock traded hands. The stock has a 50 day moving average of $29.12 and a 200-day moving average of $27.92. The stock has a market cap of $10.52 billion, a P/E ratio of 7.29 and a beta of 0.93. Duke Realty Corporation has a 12 month low of $22.97 and a 12 month high of $30.14.

Duke Realty Corporation (NYSE:DRE) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $165.84 million during the quarter, compared to analyst estimates of $185.25 million. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. During the same period in the prior year, the business earned $0.30 EPS. On average, equities research analysts forecast that Duke Realty Corporation will post $3.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 16th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.76 annualized dividend and a dividend yield of 2.57%. Duke Realty Corporation’s payout ratio is 18.86%.

In related news, EVP Peter D. Harrington sold 30,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total value of $866,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

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Several brokerages have commented on DRE. BMO Capital Markets began coverage on shares of Duke Realty Corporation in a research report on Monday. They set a “market perform” rating and a $30.00 target price for the company. BidaskClub raised shares of Duke Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Barclays PLC decreased their price target on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Morgan Stanley boosted their price target on shares of Duke Realty Corporation from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Finally, Bank of America Corporation lowered shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $32.00 to $30.00 in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.91.

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.

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

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