Zeke Capital Advisors LLC bought a new position in shares of Duke Realty Co. (NYSE:DRE) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,143 shares of the real estate investment trust’s stock, valued at approximately $375,000.
Several other hedge funds also recently made changes to their positions in the stock. DnB Asset Management AS raised its position in shares of Duke Realty by 20.7% in the 4th quarter. DnB Asset Management AS now owns 42,042 shares of the real estate investment trust’s stock valued at $1,144,000 after buying an additional 7,200 shares in the last quarter. KAMES CAPITAL plc acquired a new position in Duke Realty during the 4th quarter worth approximately $1,212,000. Creative Planning increased its position in Duke Realty by 80.7% during the 4th quarter. Creative Planning now owns 17,103 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 7,636 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Duke Realty by 4.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,835,872 shares of the real estate investment trust’s stock worth $104,375,000 after purchasing an additional 174,986 shares in the last quarter. Finally, Westpac Banking Corp increased its position in Duke Realty by 41.7% during the 4th quarter. Westpac Banking Corp now owns 517,802 shares of the real estate investment trust’s stock worth $14,089,000 after purchasing an additional 152,307 shares in the last quarter. 98.58% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on DRE. Zacks Investment Research cut shares of Duke Realty from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Bank of America upgraded shares of Duke Realty from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 1st. ValuEngine upgraded shares of Duke Realty from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. BMO Capital Markets set a $28.00 price objective on shares of Duke Realty and gave the stock a “hold” rating in a research report on Wednesday, April 25th. Finally, Barclays reiterated a “hold” rating and set a $25.00 price objective on shares of Duke Realty in a research report on Tuesday, April 17th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Duke Realty presently has a consensus rating of “Buy” and an average price target of $29.64.
Shares of NYSE:DRE traded down $0.20 during trading on Thursday, reaching $27.76. The stock had a trading volume of 46,615 shares, compared to its average volume of 2,716,697. The company has a debt-to-equity ratio of 0.54, a quick ratio of 4.50 and a current ratio of 4.51. Duke Realty Co. has a 52 week low of $27.88 and a 52 week high of $28.20. The firm has a market cap of $10.01 billion, a P/E ratio of 22.81, a P/E/G ratio of 4.52 and a beta of 0.72.
Duke Realty (NYSE:DRE) last posted its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.13. The company had revenue of $234.60 million for the quarter, compared to analyst estimates of $184.19 million. Duke Realty had a net margin of 196.21% and a return on equity of 5.98%. The company’s quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. sell-side analysts anticipate that Duke Realty Co. will post 1.3 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Wednesday, May 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, May 15th. Duke Realty’s dividend payout ratio is presently 64.52%.
In other Duke Realty news, Director Charles R. Eitel sold 5,242 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.96, for a total value of $130,840.32. Following the transaction, the director now directly owns 4,927 shares of the company’s stock, valued at $122,977.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Melanie R. Sabelhaus sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $27.52, for a total transaction of $110,080.00. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
Duke Realty Profile
Duke Realty Corporation owns and operates approximately 146 million rentable square feet of industrial assets in 21 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. More information about Duke Realty Corporation is available at www.dukerealty.com.
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