Macquarie Group Ltd. cut its stake in Duke Realty Corp. (NYSE:DRE) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,777,331 shares of the real estate investment trust’s stock after selling 90,359 shares during the period. Macquarie Group Ltd. owned 0.51% of Duke Realty Corp. worth $47,383,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Duke Realty Corp. by 9.5% in the first quarter. Wellington Management Group LLP now owns 340,911 shares of the real estate investment trust’s stock valued at $7,684,000 after buying an additional 29,507 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Duke Realty Corp. by 5.7% in the first quarter. Legal & General Group Plc now owns 2,090,840 shares of the real estate investment trust’s stock valued at $47,125,000 after buying an additional 113,496 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Duke Realty Corp. by 2.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 331,817 shares of the real estate investment trust’s stock valued at $7,479,000 after buying an additional 9,393 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Duke Realty Corp. by 3.6% in the first quarter. Arizona State Retirement System now owns 176,363 shares of the real estate investment trust’s stock valued at $3,975,000 after buying an additional 6,200 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Duke Realty Corp. by 14.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,723 shares of the real estate investment trust’s stock valued at $580,000 after buying an additional 3,314 shares in the last quarter. 93.61% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Duke Realty Corp. (NYSE:DRE)

Duke Realty Corp. (NYSE:DRE) traded up 2.28% during mid-day trading on Friday, hitting $24.27. The stock had a trading volume of 2,955,681 shares. Duke Realty Corp. has a 12-month low of $18.52 and a 12-month high of $28.99. The stock has a 50-day moving average price of $25.81 and a 200 day moving average price of $25.94. The firm has a market cap of $8.61 billion, a P/E ratio of 29.53 and a beta of 1.02.

Duke Realty Corp. (NYSE:DRE) last released its quarterly earnings data on Wednesday, October 26th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Duke Realty Corp. had a return on equity of 8.46% and a net margin of 32.10%. The business had revenue of $226.19 million for the quarter, compared to the consensus estimate of $201.81 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts anticipate that Duke Realty Corp. will post $1.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be issued a $0.19 dividend. The ex-dividend date is Monday, November 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.13%. This is an increase from Duke Realty Corp.’s previous quarterly dividend of $0.18. Duke Realty Corp.’s dividend payout ratio is presently 92.68%.

A number of research firms recently commented on DRE. Oppenheimer Holdings Inc. lifted their target price on Duke Realty Corp. from $26.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Royal Bank Of Canada lifted their target price on Duke Realty Corp. from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. RBC Capital Markets reaffirmed an “outperform” rating and set a $30.00 target price (up previously from $24.00) on shares of Duke Realty Corp. in a report on Monday, August 1st. Stifel Nicolaus lifted their target price on Duke Realty Corp. from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Finally, BTIG Research began coverage on Duke Realty Corp. in a report on Thursday, August 25th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $27.25.

About Duke Realty Corp.

Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial, medical office, office real estate investments and service operations. The Service operations segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures.

5 Day Chart for NYSE:DRE

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