American Investment Services Inc. Invests $233,000 in Duke Realty Corp (DRE) Stock

American Investment Services Inc. bought a new stake in Duke Realty Corp (NYSE:DRE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,561 shares of the real estate investment trust’s stock, valued at approximately $233,000.

A number of other large investors also recently modified their holdings of DRE. Advisor Group Inc. grew its holdings in Duke Realty by 0.3% in the 2nd quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 12 shares in the last quarter. Royal Bank of Canada grew its holdings in Duke Realty by 25.7% in the 2nd quarter. Royal Bank of Canada now owns 33,874 shares of the real estate investment trust’s stock valued at $946,000 after buying an additional 6,926 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Duke Realty by 868.4% in the 2nd quarter. Janus Henderson Group PLC now owns 455,060 shares of the real estate investment trust’s stock valued at $12,719,000 after buying an additional 408,069 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Duke Realty by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 524,623 shares of the real estate investment trust’s stock valued at $14,663,000 after buying an additional 8,925 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Duke Realty by 2.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,779 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 311 shares in the last quarter. Institutional investors own 93.79% of the company’s stock.

Duke Realty Corp (NYSE:DRE) opened at $25.53 on Thursday. The firm has a market capitalization of $9,124.33, a price-to-earnings ratio of 5.60, a PEG ratio of 4.64 and a beta of 0.77. The company has a current ratio of 4.43, a quick ratio of 3.23 and a debt-to-equity ratio of 0.53. Duke Realty Corp has a twelve month low of $24.48 and a twelve month high of $30.14.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, February 14th. Duke Realty’s payout ratio is 17.54%.

DRE has been the subject of a number of research analyst reports. Robert W. Baird set a $32.00 price target on Duke Realty and gave the stock a “buy” rating in a report on Monday, February 5th. Citigroup upgraded Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, December 14th. Zacks Investment Research upgraded Duke Realty from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Monday, October 30th. BMO Capital Markets set a $30.00 price target on Duke Realty and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, SunTrust Banks set a $27.00 price target on Duke Realty and gave the stock a “hold” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $29.82.

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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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