Oregon Public Employees Retirement Fund reduced its position in shares of Duke Realty Corp. (NYSE:DRE) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,930 shares of the real estate investment trust’s stock after selling 12,789 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Duke Realty Corp. were worth $3,278,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP increased its position in 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 worth $7,684,000 after buying an additional 29,507 shares during the period. Arizona State Retirement System increased its position in 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 worth $3,975,000 after buying an additional 6,200 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in 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 worth $580,000 after buying an additional 3,314 shares during the period. BNP Paribas Arbitrage SA increased its position in Duke Realty Corp. by 226.4% in the second quarter. BNP Paribas Arbitrage SA now owns 203,117 shares of the real estate investment trust’s stock worth $5,415,000 after buying an additional 140,888 shares during the period. Finally, Creative Planning increased its position in Duke Realty Corp. by 35.2% in the second quarter. Creative Planning now owns 7,185 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 1,870 shares during the period. 94.86% of the stock is currently owned by institutional investors.

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

Duke Realty Corp. (NYSE:DRE) traded up 1.60% during trading on Monday, hitting $25.38. The stock had a trading volume of 3,692,031 shares. The company has a market capitalization of $9.00 billion, a P/E ratio of 30.88 and a beta of 1.02. Duke Realty Corp. has a 1-year low of $18.52 and a 1-year high of $28.99. The stock’s 50-day moving average price is $25.07 and its 200-day moving average price is $26.13.

Duke Realty Corp. (NYSE:DRE) last announced its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $226.19 million for the quarter, compared to analysts’ expectations of $201.81 million. Duke Realty Corp. had a net margin of 32.10% and a return on equity of 8.46%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. Analysts expect that Duke Realty Corp. will post $1.20 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.99%. This is a boost from Duke Realty Corp.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, November 14th. Duke Realty Corp.’s dividend payout ratio is currently 92.68%.

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A number of research analysts recently weighed in on the company. Royal Bank Of Canada upped their price target on Duke Realty Corp. from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Stifel Nicolaus upped their price target on Duke Realty Corp. from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. RBC Capital Markets reaffirmed an “outperform” rating and set a $30.00 price target (up from $24.00) on shares of Duke Realty Corp. in a research note on Monday, August 1st. Morgan Stanley reaffirmed a “buy” rating and set a $31.00 price target on shares of Duke Realty Corp. in a research note on Wednesday, September 7th. Finally, BTIG Research assumed coverage on Duke Realty Corp. in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.15.

Duke Realty Corp. Company Profile

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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