Ameritas Investment Partners Inc. raised its position in Duke Realty Corporation (NYSE:DRE) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,812 shares of the real estate investment trust’s stock after purchasing an additional 1,599 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Duke Realty Corporation were worth $3,683,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in Duke Realty Corporation by 4,741.6% in 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 raised its stake in shares of Duke Realty Corporation by 1.2% in 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 acquiring an additional 46 shares during the period. Advisor Group Inc. raised its stake in shares of Duke Realty Corporation by 0.3% in the 2nd 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 period. Harbour Capital Advisors LLC purchased a new stake in shares of Duke Realty Corporation in the 1st quarter valued at approximately $132,000. Finally, Global X Management Co. LLC raised its stake in shares of Duke Realty Corporation by 45.2% in the 1st quarter. Global X Management Co. LLC now owns 5,562 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 1,732 shares during the period. Institutional investors own 93.65% of the company’s stock.
A number of equities research analysts have recently issued reports on DRE shares. Zacks Investment Research downgraded shares of Duke Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised shares of Duke Realty Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Stifel Nicolaus reissued a “buy” rating and issued a $31.00 price target on shares of Duke Realty Corporation in a research note on Thursday, September 21st. BMO Capital Markets started coverage on shares of Duke Realty Corporation in a research note on Monday, September 11th. They issued a “market perform” rating and a $30.00 price target on the stock. Finally, 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 research note on Monday, July 17th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Duke Realty Corporation currently has a consensus rating of “Hold” and a consensus price target of $29.45.
Duke Realty Corporation (NYSE:DRE) traded down 0.03% during midday trading on Wednesday, hitting $28.89. 314,915 shares of the stock were exchanged. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 30.09 and a beta of 0.93. The firm has a 50 day moving average of $29.30 and a 200-day moving average of $28.38. 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 released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. The business had revenue of $165.84 million for the quarter, compared to analysts’ expectations of $185.25 million. During the same period last year, the company earned $0.30 earnings per share. On average, equities analysts expect that Duke Realty Corporation will post $3.71 earnings per share for the current year.
In related news, EVP Peter D. Harrington sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total value of $866,100.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by company insiders.
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About Duke Realty Corporation
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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