World Asset Management Inc boosted its position in Duke Realty Corporation (NYSE:DRE) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 28,646 shares of the real estate investment trust’s stock after buying an additional 581 shares during the period. World Asset Management Inc’s holdings in Duke Realty Corporation were worth $801,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of DRE. Daiwa Securities Group Inc. boosted its stake in shares of Duke Realty Corporation by 30.5% in the second quarter. Daiwa Securities Group Inc. now owns 8,109,890 shares of the real estate investment trust’s stock worth $226,671,000 after buying an additional 1,894,749 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Duke Realty Corporation by 4,741.6% in the second quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 3,651 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Duke Realty Corporation by 1.0% in the second quarter. Great West Life Assurance Co. Can now owns 542,137 shares of the real estate investment trust’s stock worth $15,146,000 after buying an additional 5,185 shares during the last quarter. Loeb Partners Corp boosted its stake in shares of Duke Realty Corporation by 100.0% in the second quarter. Loeb Partners Corp now owns 34,000 shares of the real estate investment trust’s stock worth $950,000 after buying an additional 17,000 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in shares of Duke Realty Corporation by 2,674.5% in the second quarter. Harbour Capital Advisors LLC now owns 139,750 shares of the real estate investment trust’s stock worth $5,000,000 after buying an additional 134,713 shares during the last quarter. 93.34% of the stock is currently owned by institutional investors and hedge funds.

Duke Realty Corporation (NYSE:DRE) opened at 28.42 on Tuesday. 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 $10.11 billion, a price-to-earnings ratio of 7.00 and a beta of 0.94. The stock’s 50 day moving average price is $28.17 and its 200-day moving average price is $27.10.

Duke Realty Corporation (NYSE:DRE) last announced 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 return on equity of 8.72% and a net margin of 166.06%. The firm had revenue of $165.84 million for the quarter, compared to analyst estimates of $185.25 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. Equities research analysts predict that Duke Realty Corporation will post $3.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 16th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Monday, August 14th. Duke Realty Corporation’s dividend payout ratio is presently 18.86%.

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A number of equities research analysts have recently commented on the stock. BidaskClub raised shares of Duke Realty Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Barclays PLC dropped their price objective on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. Morgan Stanley raised their price objective on shares of Duke Realty Corporation from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Bank of America Corporation cut shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $32.00 to $30.00 in a research note on Friday, June 23rd. Finally, 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 note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Duke Realty Corporation currently has a consensus rating of “Hold” and a consensus price target of $28.73.

In related news, EVP Peter D. Harrington sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $28.87, for a total transaction of $866,100.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter M. Scott III sold 2,500 shares of the company’s stock in a transaction on Monday, May 15th. The stock was 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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Institutional Ownership by Quarter for Duke Realty Corporation (NYSE:DRE)

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