Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Duke Realty Corporation (NYSE:DRE) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,601 shares of the real estate investment trust’s stock after acquiring an additional 5,222 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Duke Realty Corporation were worth $3,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Dupont Capital Management Corp raised its position in shares of Duke Realty Corporation by 94.9% in the 3rd quarter. Dupont Capital Management Corp now owns 53,848 shares of the real estate investment trust’s stock worth $1,552,000 after acquiring an additional 26,217 shares in the last quarter. Andra AP fonden grew its stake in shares of Duke Realty Corporation by 5.8% in the 3rd quarter. Andra AP fonden now owns 154,200 shares of the real estate investment trust’s stock valued at $4,444,000 after buying an additional 8,500 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Duke Realty Corporation by 9.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,351,410 shares of the real estate investment trust’s stock valued at $38,948,000 after buying an additional 115,700 shares during the period. New York State Teachers Retirement System grew its stake in shares of Duke Realty Corporation by 4.8% in the 3rd quarter. New York State Teachers Retirement System now owns 553,777 shares of the real estate investment trust’s stock valued at $15,960,000 after buying an additional 25,155 shares during the period. Finally, Wright Investors Service Inc. grew its stake in shares of Duke Realty Corporation by 7.9% in the 3rd quarter. Wright Investors Service Inc. now owns 36,667 shares of the real estate investment trust’s stock valued at $1,057,000 after buying an additional 2,672 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Shares of Duke Realty Corporation (NYSE DRE) opened at $28.93 on Friday. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.45. The company has a market cap of $10,338.77, a P/E ratio of 23.22, a P/E/G ratio of 5.36 and a beta of 0.92. Duke Realty Corporation has a 1-year low of $22.97 and a 1-year high of $30.14.

Duke Realty Corporation (NYSE:DRE) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Duke Realty Corporation had a net margin of 178.66% and a return on equity of 6.36%. The business had revenue of $169.61 million for the quarter, compared to analysts’ expectations of $168.75 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. analysts expect that Duke Realty Corporation will post 1.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.20 per share. This is a boost from Duke Realty Corporation’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.77%. Duke Realty Corporation’s payout ratio is presently 18.23%.

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Several brokerages have recently commented on DRE. Zacks Investment Research downgraded Duke Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Robert W. Baird reduced their target price on Duke Realty Corporation from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. BMO Capital Markets set a $30.00 price target on Duke Realty Corporation and gave the company a “hold” rating in a research note on Wednesday, October 25th. J P Morgan Chase & Co downgraded Duke Realty Corporation from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Tuesday, September 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $31.00 price target on shares of Duke Realty Corporation in a research note on Thursday, September 21st. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $29.55.

Duke Realty Corporation 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.

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

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