Virginia Retirement Systems ET AL Boosts Position in Duke Realty Corporation (DRE)
Virginia Retirement Systems ET AL boosted its holdings in shares of Duke Realty Corporation (NYSE:DRE) by 58.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 482,770 shares of the real estate investment trust’s stock after purchasing an additional 178,400 shares during the period. Virginia Retirement Systems ET AL owned about 0.14% of Duke Realty worth $13,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of DRE. Bessemer Group Inc. lifted its position in Duke Realty by 4,741.6% during the second quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 3,651 shares during the period. First Personal Financial Services increased its holdings in Duke Realty 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 buying an additional 46 shares in the last quarter. Advisor Group Inc. increased its holdings in Duke Realty by 0.3% in the second quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 12 shares in the last quarter. Toronto Dominion Bank increased its holdings in Duke Realty by 12.6% in the second quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 488 shares in the last quarter. Finally, Fiduciary Trust Co. purchased a new position in Duke Realty in the second quarter valued at $201,000. Institutional investors own 94.10% of the company’s stock.
A number of research analysts have weighed in on DRE shares. BidaskClub raised shares of Duke Realty from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised shares of Duke Realty from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Duke Realty in a report on Thursday, September 21st. BMO Capital Markets set a $30.00 price objective on shares of Duke Realty and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, J P Morgan Chase & Co cut shares of Duke Realty from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Tuesday, September 26th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Duke Realty currently has an average rating of “Hold” and a consensus price target of $29.55.
Shares of Duke Realty Corporation (NYSE DRE) opened at $29.00 on Wednesday. The company has a market cap of $10,381.51, a PE ratio of 23.32, a PEG ratio of 5.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.23 and a current ratio of 3.23. Duke Realty Corporation has a one year low of $23.93 and a one year high of $30.14.
Duke Realty (NYSE:DRE) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $169.61 million during the quarter, compared to analysts’ expectations of $168.75 million. Duke Realty had a net margin of 178.66% and a return on equity of 6.36%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. research analysts forecast that Duke Realty Corporation will post 1.23 EPS for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 2.74%. This is a boost from Duke Realty’s previous special dividend of $0.20. Duke Realty’s payout ratio is currently 19.18%.
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Duke Realty 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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