Amica Mutual Insurance Co. increased its position in shares of Duke Realty Corp (NYSE:DRE) by 493.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,057 shares of the real estate investment trust’s stock after acquiring an additional 85,695 shares during the period. Amica Mutual Insurance Co.’s holdings in Duke Realty were worth $2,924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DRE. Stratos Wealth Partners LTD. bought a new position in shares of Duke Realty in the 3rd quarter worth $103,000. Piedmont Investment Advisors LLC bought a new position in shares of Duke Realty in the 2nd quarter worth $121,000. Advisors Preferred LLC bought a new position in shares of Duke Realty in the 2nd quarter worth $126,000. ClariVest Asset Management LLC bought a new position in shares of Duke Realty in the 3rd quarter worth $162,000. Finally, Laurion Capital Management LP bought a new position in shares of Duke Realty in the 2nd quarter worth $202,000. 94.70% of the stock is currently owned by institutional investors and hedge funds.

DRE stock opened at $28.28 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.60 and a current ratio of 2.60. Duke Realty Corp has a 52 week low of $24.30 and a 52 week high of $29.48. The firm has a market cap of $10.20 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 4.44 and a beta of 0.54.

Duke Realty (NYSE:DRE) last released its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Duke Realty had a net margin of 56.94% and a return on equity of 8.01%. The company had revenue of $196.91 million for the quarter, compared to analyst estimates of $197.78 million. Research analysts expect that Duke Realty Corp will post 1.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.86 annualized dividend and a dividend yield of 3.04%. This is a positive change from Duke Realty’s previous quarterly dividend of $0.20. Duke Realty’s dividend payout ratio (DPR) is currently 69.35%.

In related news, Director Melanie R. Sabelhaus sold 2,500 shares of the stock in a transaction on Monday, October 29th. The shares were sold at an average price of $27.98, for a total transaction of $69,950.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Peter D. Harrington sold 16,500 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $28.98, for a total transaction of $478,170.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

DRE has been the topic of a number of research analyst reports. BMO Capital Markets set a $29.00 price target on shares of Duke Realty and gave the stock a “hold” rating in a report on Wednesday, July 25th. Royal Bank of Canada reissued a “hold” rating and issued a $30.00 price target on shares of Duke Realty in a report on Monday, July 30th. Citigroup increased their price target on shares of Duke Realty from $30.50 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. SunTrust Banks set a $28.00 price target on shares of Duke Realty and gave the stock a “hold” rating in a report on Tuesday, August 7th. Finally, Zacks Investment Research raised shares of Duke Realty from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, October 3rd. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $29.89.

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About Duke Realty

Duke Realty Corporation owns and operates approximately 150 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index.

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Institutional Ownership by Quarter for Duke Realty (NYSE:DRE)

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