Duke Realty Corp (NYSE:DRE) Holdings Increased by Neuburgh Advisers LLC

Neuburgh Advisers LLC grew its holdings in shares of Duke Realty Corp (NYSE:DRE) by 8.0% in the first quarter, Holdings Channel reports. The institutional investor owned 44,234 shares of the real estate investment trust’s stock after purchasing an additional 3,264 shares during the period. Neuburgh Advisers LLC’s holdings in Duke Realty were worth $1,352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DRE. Vanguard Group Inc boosted its holdings in Duke Realty by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 57,237,534 shares of the real estate investment trust’s stock valued at $1,623,829,000 after acquiring an additional 213,531 shares during the period. Dupont Capital Management Corp boosted its holdings in Duke Realty by 17.2% during the 4th quarter. Dupont Capital Management Corp now owns 25,515 shares of the real estate investment trust’s stock valued at $661,000 after acquiring an additional 3,742 shares during the period. TD Asset Management Inc. boosted its holdings in Duke Realty by 0.5% during the 4th quarter. TD Asset Management Inc. now owns 108,721 shares of the real estate investment trust’s stock valued at $2,816,000 after acquiring an additional 538 shares during the period. BB&T Securities LLC boosted its holdings in Duke Realty by 2.7% during the 4th quarter. BB&T Securities LLC now owns 13,242 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 347 shares during the period. Finally, Capital Investment Advisory Services LLC purchased a new position in Duke Realty during the 4th quarter valued at $35,000. 93.91% of the stock is owned by institutional investors.

Shares of NYSE DRE opened at $31.85 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market cap of $11.37 billion, a P/E ratio of 23.95, a P/E/G ratio of 4.66 and a beta of 0.74. Duke Realty Corp has a 1-year low of $24.67 and a 1-year high of $31.86.

Duke Realty (NYSE:DRE) last issued its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $209.97 million during the quarter, compared to analysts’ expectations of $205.45 million. Duke Realty had a return on equity of 7.37% and a net margin of 36.32%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. As a group, equities analysts forecast that Duke Realty Corp will post 1.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 16th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Wednesday, May 15th. Duke Realty’s dividend payout ratio (DPR) is currently 64.66%.

A number of research firms recently issued reports on DRE. Bank of America cut Duke Realty from a “buy” rating to a “neutral” rating and set a $30.81 price objective for the company. in a report on Thursday, May 16th. Goldman Sachs Group began coverage on Duke Realty in a report on Wednesday, May 15th. They set a “buy” rating and a $33.00 price objective for the company. Zacks Investment Research cut Duke Realty from a “hold” rating to a “sell” rating in a report on Monday, April 15th. BTIG Research upped their target price on Duke Realty from $73.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Barclays reiterated a “hold” rating and issued a $28.00 target price on shares of Duke Realty in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $35.35.

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About Duke Realty

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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