US Bancorp DE decreased its position in Duke Realty Corp (NYSE:DRE) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,241 shares of the real estate investment trust’s stock after selling 601 shares during the quarter. US Bancorp DE’s holdings in Duke Realty were worth $324,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in DRE. Principal Financial Group Inc. grew its stake in Duke Realty by 8.7% in the 1st quarter. Principal Financial Group Inc. now owns 7,246,115 shares of the real estate investment trust’s stock valued at $221,586,000 after buying an additional 577,829 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Duke Realty by 3.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 5,112,697 shares of the real estate investment trust’s stock valued at $161,613,000 after acquiring an additional 151,116 shares during the period. Panagora Asset Management Inc. boosted its holdings in Duke Realty by 6.0% during the second quarter. Panagora Asset Management Inc. now owns 4,970,745 shares of the real estate investment trust’s stock valued at $157,125,000 after acquiring an additional 283,252 shares during the period. Bank of New York Mellon Corp grew its position in shares of Duke Realty by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 4,140,629 shares of the real estate investment trust’s stock valued at $130,885,000 after purchasing an additional 144,028 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. grew its position in shares of Duke Realty by 22.3% in the second quarter. Duff & Phelps Investment Management Co. now owns 2,571,932 shares of the real estate investment trust’s stock valued at $81,299,000 after purchasing an additional 468,150 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.
DRE has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on Duke Realty from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Scotiabank raised Duke Realty from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Finally, Zacks Investment Research downgraded Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research report on Wednesday, June 19th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Duke Realty currently has an average rating of “Buy” and an average target price of $38.35.
Shares of DRE stock traded down $0.39 during trading hours on Tuesday, hitting $33.58. The company had a trading volume of 175,659 shares, compared to its average volume of 2,123,161. Duke Realty Corp has a 12 month low of $24.67 and a 12 month high of $34.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.90 and a current ratio of 1.90. The firm’s fifty day moving average is $33.20 and its 200 day moving average is $31.87. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 5.32 and a beta of 0.72.
Duke Realty (NYSE:DRE) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.15). The company had revenue of $213.11 million for the quarter, compared to the consensus estimate of $212.46 million. Duke Realty had a return on equity of 4.82% and a net margin of 23.14%. Duke Realty’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. On average, sell-side analysts expect that Duke Realty Corp will post 1.42 EPS for the current fiscal year.
Duke Realty 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.
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