Cadence Capital Management LLC raised its position in Duke Realty Corporation (NYSE:DRE) by 91.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,268 shares of the real estate investment trust’s stock after buying an additional 10,633 shares during the period. Cadence Capital Management LLC’s holdings in Duke Realty Corporation were worth $591,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DRE. Sumitomo Mitsui Asset Management Company LTD raised its position in Duke Realty Corporation by 121.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 908,710 shares of the real estate investment trust’s stock worth $24,226,000 after buying an additional 497,572 shares during the period. First Trust Advisors LP raised its position in Duke Realty Corporation by 86.9% in the third quarter. First Trust Advisors LP now owns 502,751 shares of the real estate investment trust’s stock worth $13,740,000 after buying an additional 233,824 shares during the period. KBC Group NV raised its position in Duke Realty Corporation by 19.1% in the third quarter. KBC Group NV now owns 271,200 shares of the real estate investment trust’s stock worth $7,412,000 after buying an additional 43,583 shares during the period. Sei Investments Co. raised its position in Duke Realty Corporation by 18.5% in the third quarter. Sei Investments Co. now owns 478,497 shares of the real estate investment trust’s stock worth $13,078,000 after buying an additional 74,655 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in Duke Realty Corporation by 7.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 387,252 shares of the real estate investment trust’s stock worth $10,584,000 after buying an additional 25,318 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Duke Realty Corporation (NYSE:DRE) opened at 25.26 on Friday. The company has a 50 day moving average price of $25.81 and a 200-day moving average price of $26.28. Duke Realty Corporation has a 52-week low of $20.10 and a 52-week high of $28.99. The stock has a market capitalization of $8.96 billion, a P/E ratio of 28.61 and a beta of 0.93.

Duke Realty Corporation (NYSE:DRE) last issued its earnings results on Wednesday, January 25th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.24. The company earned $204.26 million during the quarter, compared to analyst estimates of $205.04 million. Duke Realty Corporation had a return on equity of 9.27% and a net margin of 34.60%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. On average, analysts predict that Duke Realty Corporation will post $0.30 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Investors of record on Thursday, February 16th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, February 14th. This represents a $0.76 dividend on an annualized basis and a yield of 3.01%. Duke Realty Corporation’s dividend payout ratio (DPR) is 86.36%.

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A number of equities analysts have recently weighed in on DRE shares. Royal Bank Of Canada dropped their price objective on Duke Realty Corporation from $30.00 to $28.00 and set an “outperform” rating for the company in a research note on Tuesday, November 22nd. Zacks Investment Research raised Duke Realty Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Monday, October 31st. Mizuho dropped their price objective on Duke Realty Corporation from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, October 28th. Robert W. Baird raised Duke Realty Corporation from a “neutral” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Monday, November 28th. Finally, Barclays PLC dropped their price objective on Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, January 23rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $28.36.

About Duke Realty Corporation

Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial, medical office, office real estate investments and service operations. The Service operations segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures.

5 Day Chart for NYSE:DRE

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