Duke Realty Corp (DRE) Holdings Reduced by Exxonmobil Investment Management Inc. TX
Exxonmobil Investment Management Inc. TX decreased its position in Duke Realty Corp (NYSE:DRE) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,628 shares of the real estate investment trust’s stock after selling 8,334 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Duke Realty were worth $1,541,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Group Inc. grew its position in Duke Realty by 0.3% in the 2nd quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 12 shares during the last quarter. Toronto Dominion Bank grew its position in Duke Realty by 12.6% in the 2nd quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 488 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in Duke Realty in the 3rd quarter worth about $211,000. Synovus Financial Corp bought a new position in Duke Realty in the 3rd quarter worth about $212,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Duke Realty in the 3rd quarter worth about $228,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.
Several research analysts have commented on the stock. JPMorgan Chase & Co. cut shares of Duke Realty from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Tuesday, September 26th. Zacks Investment Research cut shares of Duke Realty from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Royal Bank of Canada cut shares of Duke Realty from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $29.00 to $31.00 in a report on Wednesday, January 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $31.00 price objective on shares of Duke Realty in a report on Thursday, December 14th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $29.75.
Duke Realty (NYSE:DRE) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. analysts anticipate that Duke Realty Corp will post 1.24 EPS for the current fiscal year.
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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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