New York State Common Retirement Fund lifted its position in Duke Realty Corp (NYSE:DRE) by 1.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 787,400 shares of the real estate investment trust’s stock after purchasing an additional 12,000 shares during the period. New York State Common Retirement Fund owned 0.22% of Duke Realty worth $22,693,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Duke Realty by 0.4% in the second quarter. Vanguard Group Inc. now owns 57,188,532 shares of the real estate investment trust’s stock worth $1,598,419,000 after buying an additional 237,017 shares in the last quarter. BlackRock Inc. raised its stake in Duke Realty by 8.6% in the second quarter. BlackRock Inc. now owns 45,922,413 shares of the real estate investment trust’s stock worth $1,283,532,000 after buying an additional 3,652,025 shares in the last quarter. State Street Corp raised its stake in Duke Realty by 0.4% in the second quarter. State Street Corp now owns 18,201,618 shares of the real estate investment trust’s stock worth $508,725,000 after buying an additional 76,304 shares in the last quarter. Northern Trust Corp raised its stake in Duke Realty by 10.7% in the second quarter. Northern Trust Corp now owns 5,491,114 shares of the real estate investment trust’s stock worth $153,477,000 after buying an additional 531,415 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Duke Realty by 7.0% in the second quarter. Goldman Sachs Group Inc. now owns 5,011,472 shares of the real estate investment trust’s stock worth $140,071,000 after buying an additional 327,784 shares in the last quarter. Hedge funds and other institutional investors own 94.09% of the company’s stock.

Shares of Duke Realty Corp (NYSE:DRE) traded up $0.10 during mid-day trading on Wednesday, hitting $27.81. The stock had a trading volume of 1,865,900 shares, compared to its average volume of 2,677,220. The firm has a market capitalization of $9,868.66, a P/E ratio of 22.17, a PEG ratio of 5.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.23 and a current ratio of 3.23. Duke Realty Corp has a 1-year low of $23.93 and a 1-year high of $30.14.

Duke Realty (NYSE:DRE) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Duke Realty had a return on equity of 6.36% and a net margin of 178.66%. The firm had revenue of $169.61 million for the quarter, compared to the consensus estimate of $168.75 million. During the same period in the prior year, the firm earned $0.31 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. sell-side analysts forecast that Duke Realty Corp will post 1.24 earnings per share for the current year.

The company also recently announced a special dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were given a $0.85 dividend. This represents a dividend yield of 2.74%. This is an increase from Duke Realty’s previous special dividend of $0.20. The ex-dividend date was Thursday, November 30th. Duke Realty’s dividend payout ratio is presently 19.18%.

A number of equities analysts recently commented on DRE shares. BidaskClub raised shares of Duke Realty from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. BMO Capital Markets started coverage on Duke Realty in a research report on Monday, September 11th. They set a “market perform” rating and a $30.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $31.00 price target on shares of Duke Realty in a research report on Thursday, September 21st. J P Morgan Chase & Co downgraded Duke Realty from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Tuesday, September 26th. Finally, Zacks Investment Research raised Duke Realty from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $29.55.

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About Duke Realty

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 (NYSE:DRE)

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