Duke Realty Corporation (DRE) Position Cut by Capital Fund Management S.A.
Capital Fund Management S.A. trimmed its position in Duke Realty Corporation (NYSE:DRE) by 46.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,300 shares of the real estate investment trust’s stock after selling 53,989 shares during the quarter. Capital Fund Management S.A.’s holdings in Duke Realty Corporation were worth $1,713,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. First Personal Financial Services increased its stake in Duke Realty Corporation by 1.2% in the second quarter. First Personal Financial Services now owns 3,931 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 46 shares during the last quarter. BB&T Securities LLC increased its stake in Duke Realty Corporation by 1.6% in the second quarter. BB&T Securities LLC now owns 7,828 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 125 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in Duke Realty Corporation by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 81,700 shares of the real estate investment trust’s stock valued at $2,284,000 after acquiring an additional 209 shares during the last quarter. Pacer Advisors Inc. increased its stake in Duke Realty Corporation by 3.3% in the first quarter. Pacer Advisors Inc. now owns 7,776 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 251 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in Duke Realty Corporation by 0.9% in the second quarter. Capstone Asset Management Co. now owns 34,126 shares of the real estate investment trust’s stock valued at $954,000 after acquiring an additional 320 shares during the last quarter. 93.69% of the stock is currently owned by institutional investors and hedge funds.
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A number of research analysts recently issued reports on the stock. Bank of America Corporation cut shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $30.00 in a research note on Friday, June 23rd. BidaskClub cut shares of Duke Realty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Barclays PLC decreased 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. Royal Bank Of Canada reaffirmed a “buy” rating and set a $30.00 target price on shares of Duke Realty Corporation in a research note on Wednesday, June 7th. Finally, Stifel Nicolaus boosted their target price 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Duke Realty Corporation currently has an average rating of “Hold” and a consensus target price of $28.91.
In other Duke Realty Corporation news, EVP Peter D. Harrington sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total value of $866,100.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is owned by company insiders.
Shares of Duke Realty Corporation (NYSE DRE) opened at 29.70 on Friday. The company has a 50 day moving average of $29.09 and a 200 day moving average of $27.90. The company has a market cap of $10.57 billion, a PE ratio of 7.32 and a beta of 0.93. Duke Realty Corporation has a 52 week low of $22.97 and a 52 week high of $30.14.
Duke Realty Corporation (NYSE:DRE) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, beating the Thomson Reuters’ 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 quarter last year, the firm earned $0.30 EPS. On average, analysts expect that Duke Realty Corporation will post $3.71 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 16th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Monday, August 14th. Duke Realty Corporation’s dividend payout ratio (DPR) is presently 18.86%.
Duke Realty Corporation 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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