Gulf International Bank UK Ltd reduced its stake in Duke Realty Co. (NYSE:DRE) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,645 shares of the real estate investment trust’s stock after selling 2,364 shares during the period. Gulf International Bank UK Ltd’s holdings in Duke Realty were worth $2,797,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in DRE. Centersquare Investment Management LLC bought a new stake in shares of Duke Realty in the 1st quarter valued at approximately $154,268,000. Boston Partners grew its stake in shares of Duke Realty by 97.1% in the 1st quarter. Boston Partners now owns 6,608,363 shares of the real estate investment trust’s stock valued at $174,990,000 after purchasing an additional 3,255,354 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Duke Realty by 41.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,766,609 shares of the real estate investment trust’s stock valued at $232,140,000 after purchasing an additional 2,585,189 shares during the period. AEW Capital Management L P grew its stake in shares of Duke Realty by 665.5% in the 4th quarter. AEW Capital Management L P now owns 2,462,600 shares of the real estate investment trust’s stock valued at $67,007,000 after purchasing an additional 2,140,900 shares during the period. Finally, American Century Companies Inc. bought a new stake in shares of Duke Realty in the 1st quarter valued at approximately $33,687,000. Institutional investors own 93.97% of the company’s stock.
In other Duke Realty news, Director Melanie R. Sabelhaus sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $27.52, for a total transaction of $110,080.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles R. Eitel sold 5,242 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was 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 in the company, valued at approximately $122,977.92. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.
Shares of Duke Realty opened at $27.58 on Wednesday, according to MarketBeat.com. The company has a market capitalization of $9.84 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 4.44 and a beta of 0.72. 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 one year low of $24.30 and a one year high of $30.14.
Duke Realty (NYSE:DRE) last announced its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.20 EPS for the quarter, topping the consensus estimate of $0.07 by $0.13. The business had revenue of $234.60 million for the quarter, compared to the consensus estimate of $184.19 million. Duke Realty had a return on equity of 5.98% and a net margin of 196.21%. Duke Realty’s revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. sell-side analysts expect that Duke Realty Co. will post 1.3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Wednesday, May 16th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.90%. The ex-dividend date is Tuesday, May 15th. Duke Realty’s dividend payout ratio is 64.52%.
Several equities research analysts have recently weighed in on DRE shares. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price objective on shares of Duke Realty in a research note on Wednesday, January 31st. DA Davidson reiterated a “neutral” rating on shares of Duke Realty in a research note on Thursday, February 1st. Robert W. Baird set a $32.00 target price on Duke Realty and gave the stock a “buy” rating in a report on Monday, February 5th. Zacks Investment Research raised Duke Realty from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, SunTrust Banks set a $27.00 target price on Duke Realty and gave the stock a “hold” rating in a report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $29.64.
Duke Realty Company 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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