Ameriprise Financial Inc. decreased its holdings in shares of Duke Realty Corporation (NYSE:DRE) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,782,088 shares of the real estate investment trust’s stock after selling 256,163 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.78% of Duke Realty Corporation worth $77,758,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DRE. BlackRock Inc. increased its stake 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 worth $1,110,444,000 after purchasing an additional 40,138,665 shares during the last quarter. Lasalle Investment Management Securities LLC increased its stake 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 worth $180,155,000 after purchasing an additional 6,732,824 shares during the last quarter. Daiwa Securities Group Inc. increased its stake 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 worth $226,671,000 after purchasing an additional 1,894,749 shares during the last quarter. Vanguard Group Inc. increased its stake 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 worth $1,496,116,000 after purchasing an additional 1,744,485 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake 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 worth $52,675,000 after purchasing an additional 1,472,089 shares during the last quarter. Institutional investors own 93.65% of the company’s stock.

DRE has been the topic of several analyst reports. BidaskClub upgraded shares of Duke Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Stifel Nicolaus increased their price target on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and set a $30.00 price target on shares of Duke Realty Corporation in a research note on Wednesday, June 7th. Barclays PLC dropped their price target on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. Finally, BMO Capital Markets initiated coverage on shares of Duke Realty Corporation in a research note on Monday, September 11th. They set a “market perform” rating and a $30.00 price target on the stock. One equities research 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.91.

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Shares of Duke Realty Corporation (NYSE:DRE) opened at 29.58 on Tuesday. The company has a market capitalization of $10.52 billion, a P/E ratio of 7.29 and a beta of 0.93. The company’s 50 day moving average is $29.14 and its 200 day moving average is $27.98. Duke Realty Corporation has a 12-month low of $22.97 and a 12-month high of $30.14.

Duke Realty Corporation (NYSE:DRE) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The business had revenue of $165.84 million for the quarter, compared to the consensus estimate of $185.25 million. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. During the same period in the previous year, the company earned $0.30 earnings per share. Analysts expect that Duke Realty Corporation will post $3.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 16th were issued a $0.19 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.76 annualized dividend and a dividend yield of 2.57%. Duke Realty Corporation’s dividend payout ratio is currently 18.86%.

In other Duke Realty Corporation news, EVP Peter D. Harrington sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total value of $866,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by insiders.

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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