Duke Realty Corp (DRE) Stake Decreased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lessened its position in shares of Duke Realty Corp (NYSE:DRE) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 717,019 shares of the real estate investment trust’s stock after selling 158,171 shares during the quarter. Gateway Investment Advisers LLC owned approximately 0.20% of Duke Realty worth $19,510,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC raised its stake in Duke Realty by 20.1% during the second quarter. Neuberger Berman Group LLC now owns 34,215 shares of the real estate investment trust’s stock worth $956,000 after purchasing an additional 5,723 shares during the period. Aberdeen Asset Management PLC UK acquired a new stake in shares of Duke Realty during the second quarter valued at about $279,000. Riverhead Capital Management LLC increased its position in shares of Duke Realty by 63.8% during the second quarter. Riverhead Capital Management LLC now owns 20,469 shares of the real estate investment trust’s stock valued at $572,000 after acquiring an additional 7,969 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Duke Realty by 2.5% during the second quarter. Teachers Advisors LLC now owns 1,207,983 shares of the real estate investment trust’s stock valued at $33,763,000 after acquiring an additional 29,486 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Duke Realty by 2.1% during the second quarter. New York State Common Retirement Fund now owns 775,400 shares of the real estate investment trust’s stock valued at $21,672,000 after acquiring an additional 15,999 shares during the last quarter. Institutional investors own 94.15% of the company’s stock.

DRE has been the subject of a number of research reports. Morgan Stanley restated an “overweight” rating and issued a $31.00 price objective on shares of Duke Realty in a report on Thursday, December 14th. JPMorgan Chase & Co. cut shares of Duke Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price target for the company. in a report on Friday, December 15th. Royal Bank of Canada cut shares of Duke Realty from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $29.00 to $31.00 in a report on Wednesday, January 3rd. Citigroup upgraded shares of Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Thursday, December 14th. Finally, Zacks Investment Research cut shares of Duke Realty from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Duke Realty currently has an average rating of “Hold” and an average price target of $30.10.

Duke Realty Corp (DRE) traded up $0.85 during trading hours on Friday, reaching $25.37. 4,812,172 shares of the company’s stock were exchanged, compared to its average volume of 2,975,524. The stock has a market cap of $8,730.00, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 4.58 and a beta of 0.77. Duke Realty Corp has a 52 week low of $24.48 and a 52 week high of $30.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 3.23 and a current ratio of 4.43.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.15%. Duke Realty’s payout ratio is currently 102.56%.

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Duke Realty 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 (NYSE:DRE)

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