Redpoint Investment Management Pty Ltd grew its position in Duke Realty Co. (NYSE:DRE) by 9.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 38,960 shares of the real estate investment trust’s stock after acquiring an additional 3,499 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in Duke Realty were worth $1,557,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DRE. NuWave Investment Management LLC acquired a new stake in shares of Duke Realty in the 3rd quarter valued at $31,000. TFC Financial Management acquired a new position in Duke Realty during the third quarter worth approximately $33,000. Prospera Financial Services Inc acquired a new position in Duke Realty during the third quarter worth approximately $43,000. Rosenberg Matthew Hamilton acquired a new position in Duke Realty during the third quarter worth approximately $45,000. Finally, Arkadios Wealth Advisors increased its position in Duke Realty by 34.8% during the third quarter. Arkadios Wealth Advisors now owns 1,287 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 332 shares during the last quarter. 89.63% of the stock is currently owned by institutional investors.

Shares of DRE stock opened at $38.64 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. The stock has a market cap of $14.37 billion, a P/E ratio of 66.62, a price-to-earnings-growth ratio of 5.31 and a beta of 0.52. The stock has a 50 day simple moving average of $38.85 and a 200 day simple moving average of $38.30. Duke Realty Co. has a 1 year low of $25.19 and a 1 year high of $43.45.

Duke Realty (NYSE:DRE) last released its earnings results on Wednesday, October 28th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.20). Duke Realty had a return on equity of 4.30% and a net margin of 22.76%. Analysts forecast that Duke Realty Co. will post 1.52 EPS for the current year.

DRE has been the topic of several research reports. UBS Group initiated coverage on Duke Realty in a research report on Friday, October 16th. They issued a “buy” rating and a $48.00 target price on the stock. Zacks Investment Research raised Duke Realty from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Friday, October 9th. The Goldman Sachs Group initiated coverage on Duke Realty in a research report on Tuesday, September 29th. They issued a “neutral” rating on the stock. BMO Capital Markets raised Duke Realty from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research report on Wednesday, November 11th. Finally, BidaskClub downgraded Duke Realty from a “buy” rating to a “hold” rating in a research report on Saturday, January 9th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.55.

Duke Realty Profile

Duke Realty Corporation owns and operates approximately 156 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 a member of the S&P 500 Index.

Recommended Story: Net Margin – Understanding the Different Kinds of Profit

Want to see what other hedge funds are holding DRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Realty Co. (NYSE:DRE).

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

Receive News & Ratings for Duke Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Realty and related companies with MarketBeat.com's FREE daily email newsletter.