Wealthfront Advisers LLC Trims Stake in Duke Realty Corp (NYSE:DRE)

Wealthfront Advisers LLC decreased its holdings in shares of Duke Realty Corp (NYSE:DRE) by 33.0% in the 1st quarter, HoldingsChannel reports. The firm owned 18,048 shares of the real estate investment trust’s stock after selling 8,905 shares during the period. Wealthfront Advisers LLC’s holdings in Duke Realty were worth $552,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Tyers Asset Management LLC boosted its holdings in shares of Duke Realty by 8.0% in the first quarter. Tyers Asset Management LLC now owns 28,622 shares of the real estate investment trust’s stock worth $875,000 after buying an additional 2,112 shares during the period. ClariVest Asset Management LLC boosted its holdings in shares of Duke Realty by 95.8% in the first quarter. ClariVest Asset Management LLC now owns 12,279 shares of the real estate investment trust’s stock worth $375,000 after buying an additional 6,007 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Duke Realty by 1.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,195,168 shares of the real estate investment trust’s stock worth $36,548,000 after buying an additional 16,217 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Duke Realty by 9.6% in the first quarter. Neuberger Berman Group LLC now owns 16,849 shares of the real estate investment trust’s stock worth $515,000 after buying an additional 1,475 shares during the period. Finally, Banco Santander S.A. boosted its holdings in shares of Duke Realty by 15.8% in the first quarter. Banco Santander S.A. now owns 18,981 shares of the real estate investment trust’s stock worth $581,000 after buying an additional 2,585 shares during the period. Institutional investors own 93.91% of the company’s stock.

NYSE DRE opened at $31.75 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $11.41 billion, a PE ratio of 23.87, a P/E/G ratio of 4.67 and a beta of 0.74. Duke Realty Corp has a 52-week low of $24.67 and a 52-week high of $31.90.

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

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 16th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Wednesday, May 15th. Duke Realty’s dividend payout ratio (DPR) is 64.66%.

DRE has been the subject of several recent analyst reports. Bank of America cut shares of Duke Realty from a “buy” rating to a “neutral” rating and set a $30.81 target price for the company. in a report on Thursday, May 16th. Goldman Sachs Group initiated coverage on shares of Duke Realty in a report on Wednesday, May 15th. They issued a “buy” rating and a $33.00 target price for the company. Zacks Investment Research lowered shares of Duke Realty from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Finally, BTIG Research increased their price target on shares of Duke Realty from $73.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.88.

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Duke Realty Company Profile

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.

Further Reading: Sell-Side Analysts

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

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