Duke Realty Corporation (NYSE:DRE) EVP Peter D. Harrington sold 30,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total transaction of $866,100.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Duke Realty Corporation (NYSE DRE) opened at 28.69 on Monday. The stock has a market capitalization of $10.20 billion, a PE ratio of 7.07 and a beta of 0.94. Duke Realty Corporation has a 52 week low of $22.97 and a 52 week high of $29.25. The company’s 50 day moving average is $28.17 and its 200-day moving average is $27.10.

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

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

ILLEGAL ACTIVITY NOTICE: This article was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2017/08/07/peter-d-harrington-sells-30000-shares-of-duke-realty-corporation-dre-stock.html.

A number of research firms have recently weighed in on DRE. BidaskClub raised shares of Duke Realty Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Barclays PLC reduced their target price on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Morgan Stanley increased their target price on shares of Duke Realty Corporation from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Bank of America Corporation downgraded shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the company from $32.00 to $30.00 in a research report on Friday, June 23rd. Finally, Stifel Nicolaus increased their target price on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.73.

A number of hedge funds have recently made changes to their positions in DRE. Legal & General Group Plc raised its stake in shares of Duke Realty Corporation by 10.0% in the first quarter. Legal & General Group Plc now owns 2,481,223 shares of the real estate investment trust’s stock valued at $65,179,000 after buying an additional 226,426 shares during the period. Vanguard Group Inc. raised its stake in shares of Duke Realty Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 56,951,515 shares of the real estate investment trust’s stock valued at $1,496,116,000 after buying an additional 1,744,485 shares during the period. DnB Asset Management AS raised its stake in shares of Duke Realty Corporation by 29.0% in the first quarter. DnB Asset Management AS now owns 26,242 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 5,900 shares during the period. FMR LLC raised its stake in shares of Duke Realty Corporation by 1.5% in the first quarter. FMR LLC now owns 42,040,885 shares of the real estate investment trust’s stock valued at $1,104,415,000 after buying an additional 635,211 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Duke Realty Corporation by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 89,800 shares of the real estate investment trust’s stock valued at $2,359,000 after buying an additional 2,100 shares during the period. Institutional investors own 93.34% of the company’s stock.

About Duke Realty Corporation

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.

Receive News & Ratings for Duke Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.