Laurion Capital Management LP Acquires New Holdings in Duke Realty Corporation (DRE)
Laurion Capital Management LP acquired a new position in Duke Realty Corporation (NYSE:DRE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 203,740 shares of the real estate investment trust’s stock, valued at approximately $5,695,000. Laurion Capital Management LP owned approximately 0.06% of Duke Realty Corporation at the end of the most recent quarter.
A number of other large investors have also modified their holdings of DRE. DekaBank Deutsche Girozentrale boosted its holdings in Duke Realty Corporation by 138.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 24,671 shares of the real estate investment trust’s stock worth $670,000 after purchasing an additional 14,315 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in Duke Realty Corporation by 10.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 171,300 shares of the real estate investment trust’s stock worth $4,500,000 after acquiring an additional 16,800 shares during the last quarter. World Asset Management Inc lifted its position in Duke Realty Corporation by 2.2% during the 1st quarter. World Asset Management Inc now owns 28,065 shares of the real estate investment trust’s stock worth $737,000 after acquiring an additional 609 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Duke Realty Corporation by 14.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,389,014 shares of the real estate investment trust’s stock worth $36,489,000 after acquiring an additional 173,024 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in Duke Realty Corporation during the 1st quarter worth $3,095,000. Hedge funds and other institutional investors own 93.69% of the company’s stock.
WARNING: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/09/17/laurion-capital-management-lp-acquires-new-holdings-in-duke-realty-corporation-dre.html.
In other news, EVP Peter D. Harrington sold 30,000 shares of Duke Realty Corporation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total value of $866,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.
Shares of Duke Realty Corporation (NYSE DRE) traded down 0.44% on Friday, hitting $29.57. 2,985,851 shares of the stock were exchanged. Duke Realty Corporation has a one year low of $22.97 and a one year high of $30.14. The firm has a market capitalization of $10.52 billion, a PE ratio of 7.29 and a beta of 0.93. The company has a 50-day moving average price of $29.12 and a 200-day moving average price of $27.92.
Duke Realty Corporation (NYSE:DRE) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. The company had revenue of $165.84 million during the quarter, compared to the consensus estimate of $185.25 million. During the same quarter last year, the firm posted $0.30 EPS. Equities research analysts expect that Duke Realty Corporation will post $3.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 16th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Monday, August 14th. Duke Realty Corporation’s dividend payout ratio (DPR) is presently 18.86%.
A number of research analysts have weighed in on DRE shares. Royal Bank Of Canada reissued 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 shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Morgan Stanley boosted their target price on shares of Duke Realty Corporation from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. BidaskClub lowered shares of Duke Realty Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Bank of America Corporation lowered shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $32.00 to $30.00 in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $28.91.
Duke Realty Corporation Company Profile
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.
Want to see what other hedge funds are holding DRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Realty Corporation (NYSE:DRE).
Receive News & Stock Ratings for Duke Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Realty Corporation and related stocks with our FREE daily email newsletter.