Rhumbline Advisers increased its position in shares of Duke Realty Corp (NYSE:DRE) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 742,976 shares of the real estate investment trust’s stock after buying an additional 13,699 shares during the period. Rhumbline Advisers’ holdings in Duke Realty Corp were worth $20,766,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DRE. Vanguard Group Inc. boosted its stake in shares of Duke Realty Corp by 3.2% in the first quarter. Vanguard Group Inc. now owns 56,951,515 shares of the real estate investment trust’s stock worth $1,496,116,000 after buying an additional 1,744,485 shares during the period. BlackRock Inc. boosted its stake in shares of Duke Realty Corp by 1,882.9% in the first quarter. BlackRock Inc. now owns 42,270,388 shares of the real estate investment trust’s stock worth $1,110,444,000 after buying an additional 40,138,665 shares during the period. FMR LLC boosted its stake in shares of Duke Realty Corp by 1.5% in the first quarter. FMR LLC now owns 42,040,885 shares of the real estate investment trust’s stock worth $1,104,415,000 after buying an additional 635,211 shares during the period. State Street Corp boosted its stake in shares of Duke Realty Corp by 0.8% in the first quarter. State Street Corp now owns 18,125,314 shares of the real estate investment trust’s stock worth $476,150,000 after buying an additional 149,171 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Duke Realty Corp 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 period. 92.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Duke Realty Corp (NYSE:DRE) opened at 28.90 on Thursday. The stock has a market capitalization of $10.28 billion, a PE ratio of 7.12 and a beta of 0.94. The stock has a 50 day moving average of $28.22 and a 200-day moving average of $27.29. Duke Realty Corp has a one year low of $22.97 and a one year high of $29.25.

Duke Realty Corp (NYSE:DRE) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Duke Realty Corp had a net margin of 62.93% and a return on equity of 10.07%. The firm had revenue of $165.84 million for the quarter, compared to the consensus estimate of $185.25 million. During the same period in the previous year, the firm posted $0.30 earnings per share. Equities analysts predict that Duke Realty Corp will post $3.69 earnings per share for the current fiscal year.

The business 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 dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Monday, August 14th. Duke Realty Corp’s payout ratio is presently 18.86%.

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A number of equities research analysts recently weighed in on DRE shares. Zacks Investment Research cut shares of Duke Realty Corp from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. BidaskClub raised shares of Duke Realty Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley upped their target price on shares of Duke Realty Corp from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Stifel Nicolaus upped their target price on shares of Duke Realty Corp from $28.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $30.00 target price on shares of Duke Realty Corp in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock 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 business’s 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Duke Realty Corp 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 Corp (NYSE:DRE)

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