Unigestion Holding SA increased its holdings in Duke Realty Corp (NYSE:DRE) by 1,687.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 522,157 shares of the real estate investment trust’s stock after acquiring an additional 492,942 shares during the period. Unigestion Holding SA owned approximately 0.15% of Duke Realty worth $14,814,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of DRE. LPL Financial LLC grew its position in Duke Realty by 26.2% in the first quarter. LPL Financial LLC now owns 39,665 shares of the real estate investment trust’s stock worth $1,050,000 after acquiring an additional 8,241 shares during the period. Allianz Asset Management GmbH grew its position in Duke Realty by 6,176.2% in the first quarter. Allianz Asset Management GmbH now owns 1,170,384 shares of the real estate investment trust’s stock worth $30,992,000 after acquiring an additional 1,151,736 shares during the period. DnB Asset Management AS grew its position in Duke Realty by 6.0% in the second quarter. DnB Asset Management AS now owns 47,642 shares of the real estate investment trust’s stock worth $1,383,000 after acquiring an additional 2,700 shares during the period. Clinton Group Inc. purchased a new position in Duke Realty in the second quarter worth approximately $277,000. Finally, IFM Investors Pty Ltd grew its position in Duke Realty by 37.8% in the second quarter. IFM Investors Pty Ltd now owns 20,456 shares of the real estate investment trust’s stock worth $594,000 after acquiring an additional 5,610 shares during the period. Institutional investors own 93.72% of the company’s stock.
Several research analysts recently weighed in on DRE shares. ValuEngine upgraded Duke Realty from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Citigroup raised their price target on Duke Realty from $30.50 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded Duke Realty from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, October 3rd. Barclays restated a “hold” rating and set a $26.00 price target on shares of Duke Realty in a research report on Sunday, October 14th. Finally, SunTrust Banks set a $28.00 price target on Duke Realty and gave the stock a “hold” rating in a research report on Tuesday, August 7th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.89.
Duke Realty (NYSE:DRE) last released its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. Duke Realty had a return on equity of 8.01% and a net margin of 56.94%. The business had revenue of $196.91 million during the quarter, compared to analyst estimates of $197.78 million. Equities research analysts predict that Duke Realty Corp will post 1.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.215 per share. This is a positive change from Duke Realty’s previous quarterly dividend of $0.20. This represents a $0.86 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Wednesday, November 14th. Duke Realty’s dividend payout ratio (DPR) is currently 64.52%.
In other news, EVP Peter D. Harrington sold 16,500 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $28.98, for a total value of $478,170.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Melanie R. Sabelhaus sold 2,500 shares of the stock in a transaction on Monday, October 29th. The shares were sold at an average price of $27.98, for a total value of $69,950.00. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
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Duke Realty 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.
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