Candriam Luxembourg S.C.A. grew its position in Duke Realty Corp (NYSE:DRE) by 10.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,517 shares of the real estate investment trust’s stock after purchasing an additional 695 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Duke Realty were worth $266,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DRE. Cohen & Steers Inc. raised its holdings in shares of Duke Realty by 31.2% in the first quarter. Cohen & Steers Inc. now owns 33,926,364 shares of the real estate investment trust’s stock valued at $1,098,536,000 after purchasing an additional 8,076,135 shares during the last quarter. Norges Bank purchased a new stake in shares of Duke Realty in the fourth quarter valued at about $141,315,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Duke Realty by 163.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,134,701 shares of the real estate investment trust’s stock valued at $166,262,000 after purchasing an additional 3,185,906 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Duke Realty by 51.2% in the first quarter. Invesco Ltd. now owns 7,818,964 shares of the real estate investment trust’s stock valued at $253,177,000 after purchasing an additional 2,648,568 shares during the last quarter. Finally, Blackstone Group Inc purchased a new stake in shares of Duke Realty in the first quarter valued at about $39,501,000. Institutional investors own 97.15% of the company’s stock.

Shares of NYSE:DRE opened at $40.19 on Friday. The company has a quick ratio of 1.97, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $14.72 billion, a PE ratio of 27.38, a P/E/G ratio of 6.18 and a beta of 0.64. Duke Realty Corp has a twelve month low of $25.19 and a twelve month high of $40.84. The company has a 50-day moving average price of $36.10 and a two-hundred day moving average price of $34.60.

Duke Realty (NYSE:DRE) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.26). The business had revenue of $226.37 million for the quarter, compared to the consensus estimate of $224.54 million. Duke Realty had a return on equity of 7.38% and a net margin of 39.78%. Duke Realty’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. Analysts anticipate that Duke Realty Corp will post 1.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.94 dividend on an annualized basis and a yield of 2.34%. Duke Realty’s dividend payout ratio is presently 65.28%.

DRE has been the subject of several analyst reports. Robert W. Baird increased their target price on shares of Duke Realty from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. BMO Capital Markets reiterated a “hold” rating and issued a $34.00 target price on shares of Duke Realty in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Duke Realty from $38.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Bank of America upgraded shares of Duke Realty from a “neutral” rating to a “buy” rating and increased their price target for the company from $38.00 to $40.00 in a research report on Wednesday, May 20th. Finally, Royal Bank of Canada restated a “hold” rating and set a $37.00 price target on shares of Duke Realty in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $36.55.

In other Duke Realty news, CFO Mark A. Denien sold 4,881 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $37.16, for a total transaction of $181,377.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by company insiders.

Duke Realty Profile

Duke Realty Corporation owns and operates approximately 153 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index.

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

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