Arrow Investment Advisors LLC Purchases Shares of 15,773 Duke Realty Corporation (DRE)

Arrow Investment Advisors LLC purchased a new position in shares of Duke Realty Corporation (NYSE:DRE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,773 shares of the real estate investment trust’s stock, valued at approximately $455,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings 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 buying an additional 12 shares in the last quarter. First Personal Financial Services boosted its holdings 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 buying an additional 46 shares in the last quarter. BB&T Securities LLC boosted its holdings in shares of Duke Realty Corporation by 1.6% in the 2nd quarter. BB&T Securities LLC now owns 7,828 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 125 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of Duke Realty Corporation by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 81,700 shares of the real estate investment trust’s stock valued at $2,284,000 after buying an additional 209 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Duke Realty Corporation by 2.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,779 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 311 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Duke Realty Corporation (DRE) traded down $0.08 during mid-day trading on Thursday, reaching $29.22. 1,649,800 shares of the company traded hands, compared to its average volume of 2,707,499. Duke Realty Corporation has a 1 year low of $23.93 and a 1 year high of $30.14. The stock has a market cap of $10,434.93, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 5.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.23 and a current ratio of 3.23.

Duke Realty Corporation (NYSE:DRE) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. Duke Realty Corporation had a net margin of 178.66% and a return on equity of 6.36%. The firm had revenue of $169.61 million during the quarter, compared to the consensus estimate of $168.75 million. During the same quarter in the prior year, the firm earned $0.31 EPS. Duke Realty Corporation’s revenue for the quarter was up 4.5% on a year-over-year basis. research analysts anticipate that Duke Realty Corporation will post 1.23 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be given a $0.85 dividend. This is an increase from Duke Realty Corporation’s previous special dividend of $0.20. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 2.74%. Duke Realty Corporation’s dividend payout ratio is 19.18%.

Several research analysts have recently issued reports on DRE shares. BidaskClub upgraded shares of Duke Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. BMO Capital Markets started coverage on shares of Duke Realty Corporation in a report on Monday, September 11th. They issued a “market perform” rating and a $30.00 target price for the company. Stifel Nicolaus restated a “buy” rating and issued a $31.00 target price on shares of Duke Realty Corporation in a report on Thursday, September 21st. J P Morgan Chase & Co cut shares of Duke Realty Corporation from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded shares of Duke Realty Corporation from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Duke Realty Corporation presently has an average rating of “Hold” and a consensus target price of $29.55.

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Duke Realty Corporation 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.

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

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