Nisa Investment Advisors LLC decreased its holdings in shares of Duke Realty Corp (NYSE:DRE) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,688 shares of the real estate investment trust’s stock after selling 3,619 shares during the period. Nisa Investment Advisors LLC’s holdings in Duke Realty were worth $1,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Brookfield Asset Management Inc. purchased a new stake in Duke Realty during the second quarter valued at about $130,756,000. Boston Partners purchased a new stake in Duke Realty during the third quarter valued at about $93,065,000. Lord Abbett & CO. LLC lifted its stake in Duke Realty by 95.4% during the second quarter. Lord Abbett & CO. LLC now owns 2,973,900 shares of the real estate investment trust’s stock valued at $83,121,000 after buying an additional 1,452,100 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its stake in Duke Realty by 44.1% during the third quarter. Duff & Phelps Investment Management Co. now owns 2,732,853 shares of the real estate investment trust’s stock valued at $78,761,000 after buying an additional 835,750 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in Duke Realty by 336.5% during the third quarter. Schroder Investment Management Group now owns 953,029 shares of the real estate investment trust’s stock valued at $27,590,000 after buying an additional 734,693 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Shares of Duke Realty Corp (NYSE:DRE) opened at $25.64 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 stock has a market cap of $9,131.46, a P/E ratio of 20.51, a PEG ratio of 4.66 and a beta of 0.90. Duke Realty Corp has a 52-week low of $23.93 and a 52-week high of $30.14.

Duke Realty (NYSE:DRE) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $169.61 million during the quarter, compared to analyst estimates of $168.75 million. Duke Realty had a net margin of 178.66% and a return on equity of 6.36%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. research analysts anticipate that Duke Realty Corp will post 1.24 EPS for the current fiscal year.

A number of analysts have commented on DRE shares. Zacks Investment Research raised shares of Duke Realty from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Monday, October 2nd. Citigroup raised shares of Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Thursday, December 14th. BMO Capital Markets set a $30.00 price objective on shares of Duke Realty and gave the company a “hold” rating in a research note on Wednesday, October 25th. JPMorgan Chase & Co. lowered shares of Duke Realty from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Tuesday, September 26th. Finally, Robert W. Baird reduced their price target on shares of Duke Realty from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $29.75.

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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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