Commonwealth Equity Services Inc lessened its position in Duke Realty Corp (NYSE:DRE) by 80.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,491 shares of the real estate investment trust’s stock after selling 64,841 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Duke Realty were worth $446,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in DRE. Advisors Asset Management Inc. increased its stake in shares of Duke Realty by 6.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 44,163 shares of the real estate investment trust’s stock worth $1,273,000 after purchasing an additional 2,492 shares during the last quarter. Quantbot Technologies LP bought a new stake in Duke Realty in the 3rd quarter valued at $1,172,000. Russell Investments Group Ltd. boosted its holdings in Duke Realty by 0.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,904,128 shares of the real estate investment trust’s stock valued at $54,886,000 after purchasing an additional 17,676 shares during the period. TCW Group Inc. bought a new stake in Duke Realty in the 3rd quarter valued at $455,000. Finally, Toronto Dominion Bank boosted its holdings in Duke Realty by 2,988.4% in the 3rd quarter. Toronto Dominion Bank now owns 134,933 shares of the real estate investment trust’s stock valued at $3,888,000 after purchasing an additional 130,564 shares during the period. Institutional investors own 94.10% of the company’s stock.

Duke Realty Corp (NYSE DRE) opened at $28.28 on Friday. Duke Realty Corp has a twelve month low of $23.93 and a twelve month high of $30.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.23 and a quick ratio of 3.23. The stock has a market capitalization of $10,018.24, a price-to-earnings ratio of 22.50, a P/E/G ratio of 5.19 and a beta of 0.90.

Duke Realty (NYSE:DRE) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $169.61 million for the quarter, compared to analysts’ expectations of $168.75 million. Duke Realty had a return on equity of 6.36% and a net margin of 178.66%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. analysts predict that Duke Realty Corp will post 1.24 earnings per share for the current year.

The business also recently announced a special dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.85 per share. This represents a yield of 2.74%. The ex-dividend date is Thursday, November 30th. This is a positive change from Duke Realty’s previous special dividend of $0.20. Duke Realty’s payout ratio is presently 19.18%.

DRE has been the subject of a number of analyst reports. BidaskClub raised shares of Duke Realty from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Duke Realty from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and issued a $31.00 price objective on shares of Duke Realty in a research 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 lowered shares of Duke Realty from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Tuesday, September 26th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $29.55.

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About Duke Realty

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 (NYSE:DRE)

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