Duke Realty Corporation (DRE) Stake Increased by Global X MANAGEMENT CO LLC
Global X MANAGEMENT CO LLC boosted its holdings in shares of Duke Realty Corporation (NYSE:DRE) by 20.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,732 shares of the real estate investment trust’s stock after purchasing an additional 2,018 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Duke Realty Corporation were worth $338,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Bessemer Group Inc. boosted its stake in Duke Realty Corporation by 4,741.6% during the 2nd quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 3,651 shares during the period. First Personal Financial Services boosted its stake in Duke Realty Corporation by 1.2% during the 2nd quarter. First Personal Financial Services now owns 3,931 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 46 shares during the period. Advisor Group Inc. boosted its stake in Duke Realty Corporation by 0.3% during the 2nd quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 12 shares during the period. Toronto Dominion Bank boosted its stake in Duke Realty Corporation by 12.6% during the 2nd quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 488 shares during the period. Finally, Fiduciary Trust Co. bought a new stake in Duke Realty Corporation during the 2nd quarter valued at approximately $201,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.
DRE has been the subject of several recent analyst reports. J P Morgan Chase & Co downgraded Duke Realty Corporation from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Tuesday, September 26th. Zacks Investment Research downgraded Duke Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Stifel Nicolaus restated a “buy” rating and set a $31.00 target price on shares of Duke Realty Corporation in a research note on Thursday, September 21st. Robert W. Baird decreased 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. Finally, BidaskClub upgraded Duke Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $29.55.
Duke Realty Corporation (NYSE DRE) opened at $28.84 on Monday. Duke Realty Corporation has a twelve month low of $23.70 and a twelve month high of $30.14. 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 stock has a market capitalization of $10,271.10, a P/E ratio of 23.07, a PEG ratio of 5.32 and a beta of 0.92.
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, topping the Zacks’ consensus estimate of $0.29 by $0.01. Duke Realty Corporation had a return on equity of 6.36% and a net margin of 178.66%. The business had revenue of $169.61 million during the quarter, compared to analysts’ expectations of $168.75 million. During the same period in the prior year, the firm posted $0.31 EPS. Duke Realty Corporation’s quarterly revenue was up 4.5% compared to the same quarter last year. research analysts predict that Duke Realty Corporation will post 1.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Duke Realty Corporation’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. Duke Realty Corporation’s dividend payout ratio is presently 19.18%.
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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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