Sumitomo Mitsui Asset Management Company LTD reduced its position in Duke Realty Corporation (NYSE:DRE) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,624 shares of the real estate investment trust’s stock after selling 3,600 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Duke Realty Corporation were worth $1,107,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its position in Duke Realty Corporation by 5.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,215,990 shares of the real estate investment trust’s stock worth $32,296,000 after buying an additional 66,511 shares during the last quarter. Teachers Advisors LLC raised its position in Duke Realty Corporation by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 409,338 shares of the real estate investment trust’s stock worth $10,872,000 after buying an additional 26,264 shares during the last quarter. Macquarie Group Ltd. raised its position in Duke Realty Corporation by 18.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,080,722 shares of the real estate investment trust’s stock worth $28,703,000 after buying an additional 169,066 shares during the last quarter. Gulf International Bank UK Ltd raised its position in Duke Realty Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 107,734 shares of the real estate investment trust’s stock worth $2,830,000 after buying an additional 1,500 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Duke Realty Corporation by 10.4% in the first quarter. Quadrant Capital Group LLC now owns 7,020 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 660 shares during the last quarter. 92.66% of the stock is owned by hedge funds and other institutional investors.

Duke Realty Corporation (NYSE:DRE) opened at 28.69 on Friday. Duke Realty Corporation has a 12-month low of $22.97 and a 12-month high of $29.25. The stock has a market cap of $10.20 billion, a P/E ratio of 7.07 and a beta of 0.94. The stock has a 50 day moving average price of $28.17 and a 200 day moving average price of $27.10.

Duke Realty Corporation (NYSE:DRE) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. The company had revenue of $165.84 million for the quarter, compared to analyst estimates of $185.25 million. During the same period in the prior year, the company posted $0.30 EPS. On average, analysts forecast that Duke Realty Corporation will post $3.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 16th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Monday, August 14th. Duke Realty Corporation’s dividend payout ratio (DPR) is currently 18.86%.

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DRE has been the subject of a number of analyst reports. Barclays PLC raised their price target on Duke Realty Corporation from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 19th. Zacks Investment Research lowered Duke Realty Corporation from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. Royal Bank Of Canada reissued a “buy” rating and set a $30.00 price objective on shares of Duke Realty Corporation in a research note on Wednesday, June 7th. Stifel Nicolaus lifted their price objective on Duke Realty Corporation from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, Bank of America Corporation lowered Duke Realty Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $32.00 to $30.00 in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.73.

In related news, Director Peter M. Scott III sold 2,500 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $28.25, for a total value of $70,625.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Peter D. Harrington sold 30,000 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $28.87, for a total transaction of $866,100.00. 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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Institutional Ownership by Quarter for Duke Realty Corporation (NYSE:DRE)

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