Pensionfund DSM Netherlands grew its stake in shares of Duke Realty Co. (NYSE:DRE) by 20.6% in the first quarter, HoldingsChannel reports. The fund owned 58,524 shares of the real estate investment trust’s stock after buying an additional 10,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in Duke Realty were worth $2,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DRE. Hudock Inc. acquired a new position in shares of Duke Realty during the 4th quarter valued at about $26,000. Vantage Consulting Group Inc acquired a new position in shares of Duke Realty during the 4th quarter valued at about $28,000. Black Swift Group LLC acquired a new position in shares of Duke Realty during the 4th quarter valued at about $35,000. Acadian Asset Management LLC acquired a new position in shares of Duke Realty during the 3rd quarter valued at about $62,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Duke Realty during the 4th quarter valued at about $92,000. 96.64% of the stock is owned by institutional investors.

In other Duke Realty news, Director Charles R. Eitel sold 3,719 shares of the company’s stock in a transaction that occurred on Friday, February 12th. The stock was sold at an average price of $41.48, for a total value of $154,264.12. Following the completion of the transaction, the director now owns 3,209 shares in the company, valued at approximately $133,109.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nicholas C. Anthony sold 34,680 shares of the company’s stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $42.74, for a total value of $1,482,223.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,399 shares of company stock valued at $2,457,687. 0.33% of the stock is owned by company insiders.

Separately, Mizuho upped their price objective on shares of Duke Realty from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, February 1st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $41.00.

Shares of NYSE:DRE opened at $43.01 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00. Duke Realty Co. has a 1 year low of $28.80 and a 1 year high of $43.45. The stock has a market capitalization of $16.08 billion, a P/E ratio of 74.16, a PEG ratio of 4.87 and a beta of 0.53. The stock has a 50-day simple moving average of $40.94 and a 200-day simple moving average of $39.57.

Duke Realty (NYSE:DRE) last issued its earnings results on Wednesday, January 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.30. Duke Realty had a return on equity of 4.30% and a net margin of 22.76%. The business had revenue of $248.67 million during the quarter, compared to analysts’ expectations of $240.26 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Analysts predict that Duke Realty Co. will post 1.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 26th. Shareholders of record on Tuesday, February 16th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, February 12th. Duke Realty’s dividend payout ratio is presently 70.83%.

Duke Realty Profile

Duke Realty Corporation owns and operates approximately 159 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.

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

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