Rhumbline Advisers lowered its position in Duke Realty Corporation (NYSE:DRE) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 679,192 shares of the real estate investment trust’s stock after selling 63,784 shares during the period. Rhumbline Advisers owned about 0.19% of Duke Realty Corporation worth $19,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Toronto Dominion Bank grew its holdings in shares of Duke Realty Corporation by 2,988.4% in the third quarter. Toronto Dominion Bank now owns 134,933 shares of the real estate investment trust’s stock worth $3,888,000 after acquiring an additional 130,564 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Duke Realty Corporation by 1.5% in the third quarter. New York State Common Retirement Fund now owns 787,400 shares of the real estate investment trust’s stock worth $22,693,000 after acquiring an additional 12,000 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Duke Realty Corporation by 109.3% in the third quarter. CIBC Asset Management Inc now owns 40,426 shares of the real estate investment trust’s stock worth $1,165,000 after acquiring an additional 21,115 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Duke Realty Corporation by 14.5% in the third quarter. BNP Paribas Arbitrage SA now owns 368,878 shares of the real estate investment trust’s stock worth $10,631,000 after acquiring an additional 46,769 shares during the period. Finally, Global X MANAGEMENT CO LLC grew its holdings in shares of Duke Realty Corporation by 20.8% in the third quarter. Global X MANAGEMENT CO LLC now owns 11,732 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 2,018 shares during the period. 92.36% of the stock is owned by institutional investors.

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Shares of Duke Realty Corporation (NYSE DRE) opened at $28.91 on Tuesday. Duke Realty Corporation has a fifty-two week low of $23.93 and a fifty-two week high of $30.14. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $10,271.10, a PE ratio of 23.07, a price-to-earnings-growth ratio of 5.32 and a beta of 0.92.

Duke Realty Corporation (NYSE:DRE) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $168.75 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. Duke Realty Corporation’s revenue for the quarter was up 4.5% on a year-over-year basis. equities research analysts expect that Duke Realty Corporation will post 1.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be paid a $0.20 dividend. This is a positive change 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 dividend yield of 2.77%. Duke Realty Corporation’s dividend payout ratio is 19.18%.

DRE has been the subject of several research analyst reports. BidaskClub raised Duke Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. BMO Capital Markets initiated coverage on Duke Realty Corporation in a report on Monday, September 11th. They issued a “market perform” rating and a $30.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Duke Realty Corporation in a report on Thursday, September 21st. J P Morgan Chase & Co lowered 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. Finally, Zacks Investment Research raised 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. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target 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.

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

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