Public Employees Retirement System of Ohio raised its holdings in shares of Duke Realty Corp (NYSE:DRE) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 551,393 shares of the real estate investment trust’s stock after buying an additional 2,799 shares during the period. Public Employees Retirement System of Ohio owned about 0.15% of Duke Realty worth $15,891,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. lifted its position in Duke Realty by 4,741.6% during the second quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 3,651 shares in the last quarter. First Personal Financial Services lifted its position in Duke Realty by 1.2% during the second 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. Advisor Group Inc. lifted its position in Duke Realty by 0.3% during the second 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. Toronto Dominion Bank lifted its position in Duke Realty by 12.6% during the second quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 488 shares in the last quarter. Finally, Fiduciary Trust Co. acquired a new position in Duke Realty during the second quarter valued at approximately $201,000. 94.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Duke Realty Corp (DRE) opened at $27.82 on Monday. The stock has a market cap of $9,907.84, a P/E ratio of 22.26, a PEG ratio of 5.13 and a beta of 0.90. Duke Realty Corp has a 12 month low of $23.93 and a 12 month high of $30.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.23 and a current ratio of 3.23.
The business also recently declared a special dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were paid a $0.85 dividend. This represents a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, November 30th. This is a positive change from Duke Realty’s previous special dividend of $0.20. Duke Realty’s payout ratio is 19.18%.
DRE has been the topic of a number of recent research reports. J P Morgan Chase & Co cut shares of Duke Realty from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Tuesday, September 26th. Morgan Stanley reiterated an “overweight” rating and set a $31.00 price objective on shares of Duke Realty in a research note on Thursday. Zacks Investment Research lowered shares of Duke Realty from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Stifel Nicolaus reiterated a “buy” rating and set a $31.00 price objective on shares of Duke Realty in a research note on Thursday, September 21st. Finally, Robert W. Baird dropped their price objective on shares of Duke Realty from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $29.67.
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About Duke Realty
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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