Raymond James Financial Services Advisors Inc. decreased its stake in Duke Realty Corporation (NYSE:DRE) by 5.0% during the first quarter, Holdings Channel reports. The fund owned 11,468 shares of the real estate investment trust’s stock after selling 607 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Duke Realty Corporation were worth $301,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. boosted its stake in Duke Realty Corporation by 8.0% in the first quarter. Coldstream Capital Management Inc. now owns 8,128 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 599 shares during the last quarter. Oxford Asset Management purchased a new stake in Duke Realty Corporation during the first quarter valued at about $1,501,000. Mutual of America Capital Management LLC boosted its stake in Duke Realty Corporation by 4.6% in the first quarter. Mutual of America Capital Management LLC now owns 377,664 shares of the real estate investment trust’s stock valued at $9,921,000 after buying an additional 16,442 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in Duke Realty Corporation by 21.3% in the first quarter. State of Wisconsin Investment Board now owns 366,986 shares of the real estate investment trust’s stock valued at $9,641,000 after buying an additional 64,455 shares during the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in Duke Realty Corporation by 34.2% in the first quarter. Virginia Retirement Systems ET AL now owns 425,270 shares of the real estate investment trust’s stock valued at $11,172,000 after buying an additional 108,400 shares during the last quarter. Hedge funds and other institutional investors own 92.93% of the company’s stock.

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

Shares of Duke Realty Corporation (NYSE:DRE) opened at 28.88 on Tuesday. Duke Realty Corporation has a 12 month low of $22.97 and a 12 month high of $29.25. The firm has a market capitalization of $10.27 billion, a PE ratio of 30.34 and a beta of 0.94. The firm’s 50 day moving average is $28.44 and its 200-day moving average is $26.73.

Duke Realty Corporation (NYSE:DRE) last issued its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.03. Duke Realty Corporation had a net margin of 37.48% and a return on equity of 9.74%. The company had revenue of $227.30 million during the quarter, compared to the consensus estimate of $204.47 million. During the same quarter last year, the company earned $0.28 earnings per share. Duke Realty Corporation’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts expect that Duke Realty Corporation will post $0.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 16th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, May 12th. Duke Realty Corporation’s dividend payout ratio (DPR) is currently 79.17%.

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Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and set a $30.00 price objective on shares of Duke Realty Corporation in a research report on Wednesday, June 7th. Zacks Investment Research cut shares of Duke Realty Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. Barclays PLC raised their price objective on shares of Duke Realty Corporation from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 19th. Finally, Bank of America Corporation upgraded shares of Duke Realty Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $28.00 to $30.00 in a research report on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Duke Realty Corporation has a consensus rating of “Buy” and a consensus price target of $29.00.

In other news, Director Jack R. Shaw sold 4,803 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $27.57, for a total transaction of $132,418.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter M. Scott III sold 2,500 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $28.25, for a total value of $70,625.00. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Duke Realty Corporation Company Profile

Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments.

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