Robeco Institutional Asset Management B.V. lessened its stake in Duke Realty Corporation (NYSE:DRE) by 22.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,297 shares of the real estate investment trust’s stock after selling 5,113 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Duke Realty Corporation were worth $484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Duke Realty Corporation by 1,882.9% during the 1st quarter. BlackRock Inc. now owns 42,270,388 shares of the real estate investment trust’s stock valued at $1,110,444,000 after purchasing an additional 40,138,665 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its position in shares of Duke Realty Corporation by 5,386.3% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 6,857,824 shares of the real estate investment trust’s stock valued at $180,155,000 after purchasing an additional 6,732,824 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Duke Realty Corporation by 30.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 8,109,890 shares of the real estate investment trust’s stock valued at $226,671,000 after purchasing an additional 1,894,749 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Duke Realty Corporation by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 56,951,515 shares of the real estate investment trust’s stock valued at $1,496,116,000 after purchasing an additional 1,744,485 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Duke Realty Corporation by 355.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,886,452 shares of the real estate investment trust’s stock valued at $52,675,000 after purchasing an additional 1,472,089 shares in the last quarter. Hedge funds and other institutional investors own 93.69% of the company’s stock.

In other Duke Realty Corporation news, EVP Peter D. Harrington sold 30,000 shares of Duke Realty Corporation stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $28.87, for a total transaction of $866,100.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Duke Realty Corporation (DRE) opened at 29.33 on Friday. The company’s 50-day moving average price is $28.90 and its 200-day moving average price is $27.78. Duke Realty Corporation has a 1-year low of $22.97 and a 1-year high of $29.90. The firm has a market capitalization of $10.43 billion, a P/E ratio of 7.23 and a beta of 0.93.

Duke Realty Corporation (NYSE:DRE) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $165.84 million for the quarter, compared to analysts’ expectations of $185.25 million. Duke Realty Corporation had a return on equity of 8.72% and a net margin of 166.06%. During the same period in the previous year, the firm posted $0.30 EPS. Equities research analysts expect that Duke Realty Corporation will post $3.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 16th were given a dividend of $0.19 per share. The ex-dividend date was Monday, August 14th. This represents a $0.76 annualized dividend and a yield of 2.59%. Duke Realty Corporation’s payout ratio is 18.86%.

DRE has been the topic of several research analyst reports. BidaskClub upgraded Duke Realty Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus upped their target price on Duke Realty Corporation from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and set a $30.00 target price on shares of Duke Realty Corporation in a research report on Wednesday, June 7th. Barclays PLC cut their target price on Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Finally, Bank of America Corporation lowered Duke Realty Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $32.00 to $30.00 in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.73.

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About Duke Realty Corporation

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 Corporation (NYSE:DRE)

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