PNC Financial Services Group Inc. reduced its position in shares of Duke Realty Corporation (NYSE:DRE) by 14.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,264 shares of the real estate investment trust’s stock after selling 6,525 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Duke Realty Corporation were worth $1,041,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in Duke Realty Corporation by 4,741.6% in the 2nd quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 3,651 shares in the last quarter. First Personal Financial Services raised its holdings in Duke Realty Corporation by 1.2% in the 2nd quarter. First Personal Financial Services now owns 3,931 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 46 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in Duke Realty Corporation in the 1st quarter worth $132,000. Global X Management Co. LLC raised its holdings in Duke Realty Corporation by 45.2% in the 1st quarter. Global X Management Co. LLC now owns 5,562 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 1,732 shares in the last quarter. Finally, Franklin Parlapiano Turner & Welch LLC bought a new position in Duke Realty Corporation in the 1st quarter worth $148,000. Institutional investors and hedge funds own 93.65% of the company’s stock.

DRE has been the subject of several research reports. Stifel Nicolaus restated a “buy” rating and issued a $31.00 price objective on shares of Duke Realty Corporation in a report on Thursday, September 21st. Zacks Investment Research upgraded shares of Duke Realty Corporation from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Monday, October 2nd. J P Morgan Chase & Co lowered shares of Duke Realty Corporation from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Tuesday, September 26th. Barclays PLC decreased their price objective on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Finally, Morgan Stanley upped their price objective on shares of Duke Realty Corporation from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $29.45.

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In other Duke Realty Corporation news, EVP Peter D. Harrington sold 30,000 shares of the business’s 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 can be accessed through this link. Insiders own 0.26% of the company’s stock.

Shares of Duke Realty Corporation (NYSE DRE) opened at 29.01 on Monday. The stock has a market capitalization of $10.32 billion, a P/E ratio of 7.15 and a beta of 0.93. Duke Realty Corporation has a 12 month low of $22.97 and a 12 month high of $30.14. The company’s 50-day moving average is $29.31 and its 200 day moving average is $28.30.

Duke Realty Corporation (NYSE:DRE) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The business had revenue of $165.84 million during 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 posted $0.30 earnings per share. Equities research analysts predict that Duke Realty Corporation will post $3.71 earnings per share for the current year.

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.

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

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