Aperio Group LLC Grows Stake in Duke Realty Corp (DRE)

Aperio Group LLC lifted its position in Duke Realty Corp (NYSE:DRE) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 131,313 shares of the real estate investment trust’s stock after purchasing an additional 3,272 shares during the period. Aperio Group LLC’s holdings in Duke Realty were worth $3,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Duke Realty by 4.2% in the 2nd quarter. BlackRock Inc. now owns 39,546,166 shares of the real estate investment trust’s stock worth $1,148,025,000 after buying an additional 1,585,819 shares during the last quarter. Boston Partners boosted its stake in shares of Duke Realty by 2.6% in the 2nd quarter. Boston Partners now owns 6,783,307 shares of the real estate investment trust’s stock worth $196,920,000 after buying an additional 174,944 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Duke Realty by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,456,041 shares of the real estate investment trust’s stock worth $158,388,000 after buying an additional 65,376 shares during the last quarter. PGGM Investments boosted its stake in shares of Duke Realty by 15.6% in the 2nd quarter. PGGM Investments now owns 5,407,800 shares of the real estate investment trust’s stock worth $156,988,000 after buying an additional 729,200 shares during the last quarter. Finally, AEW Capital Management L P boosted its stake in shares of Duke Realty by 7.4% in the 2nd quarter. AEW Capital Management L P now owns 4,812,800 shares of the real estate investment trust’s stock worth $139,716,000 after buying an additional 330,800 shares during the last quarter. Hedge funds and other institutional investors own 93.47% of the company’s stock.

Shares of Duke Realty stock opened at $27.54 on Friday. Duke Realty Corp has a one year low of $24.30 and a one year high of $29.48. The firm has a market capitalization of $9.87 billion, a P/E ratio of 22.21, a P/E/G ratio of 4.30 and a beta of 0.54. The company has a current ratio of 2.60, a quick ratio of 2.64 and a debt-to-equity ratio of 0.56.

Duke Realty (NYSE:DRE) last announced its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. Duke Realty had a return on equity of 8.01% and a net margin of 56.94%. The company had revenue of $196.91 million for the quarter, compared to analysts’ expectations of $197.78 million. As a group, analysts forecast that Duke Realty Corp will post 1.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be issued a $0.215 dividend. This is a boost from Duke Realty’s previous quarterly dividend of $0.20. This represents a $0.86 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Wednesday, November 14th. Duke Realty’s dividend payout ratio (DPR) is currently 64.52%.

A number of equities analysts have recently issued reports on DRE shares. Zacks Investment Research downgraded Duke Realty from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. BMO Capital Markets set a $29.00 price target on Duke Realty and gave the stock a “hold” rating in a research note on Wednesday, July 25th. ValuEngine upgraded Duke Realty from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Scotiabank started coverage on Duke Realty in a research note on Tuesday, October 16th. They issued a “sector perform” rating on the stock. Finally, Citigroup raised their price target on Duke Realty from $30.50 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Duke Realty has a consensus rating of “Hold” and a consensus target price of $29.89.

In other Duke Realty news, EVP Peter D. Harrington sold 16,500 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $28.98, for a total transaction of $478,170.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Melanie R. Sabelhaus sold 2,500 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $27.98, for a total value of $69,950.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Duke Realty Profile

Duke Realty Corporation owns and operates approximately 150 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.

See Also: Fundamental Analysis

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

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