First Trust Advisors LP trimmed its stake in Duke Realty Corp (NYSE:DRE) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,973 shares of the real estate investment trust’s stock after selling 5,393 shares during the quarter. First Trust Advisors LP’s holdings in Duke Realty were worth $4,219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc lifted its stake in shares of Duke Realty by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 57,237,534 shares of the real estate investment trust’s stock valued at $1,623,829,000 after buying an additional 213,531 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Duke Realty by 1.9% during the 4th quarter. BlackRock Inc. now owns 39,591,883 shares of the real estate investment trust’s stock valued at $1,025,429,000 after buying an additional 734,164 shares in the last quarter. PGGM Investments lifted its stake in shares of Duke Realty by 106.7% during the 1st quarter. PGGM Investments now owns 13,903,143 shares of the real estate investment trust’s stock valued at $425,158,000 after buying an additional 7,175,343 shares in the last quarter. Boston Partners lifted its stake in shares of Duke Realty by 2.6% during the 4th quarter. Boston Partners now owns 7,412,866 shares of the real estate investment trust’s stock valued at $191,994,000 after buying an additional 190,422 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Duke Realty by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 6,044,402 shares of the real estate investment trust’s stock valued at $156,339,000 after buying an additional 473,385 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Duke Realty stock opened at $31.81 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market cap of $11.37 billion, a P/E ratio of 23.26, a PEG ratio of 4.66 and a beta of 0.74. Duke Realty Corp has a 1-year low of $24.67 and a 1-year high of $31.86.

Duke Realty (NYSE:DRE) last posted its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $209.97 million for the quarter, compared to analyst estimates of $205.45 million. Duke Realty had a net margin of 36.32% and a return on equity of 7.37%. Duke Realty’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. Research analysts expect that Duke Realty Corp will post 1.41 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 16th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Wednesday, May 15th. Duke Realty’s dividend payout ratio (DPR) is presently 64.66%.

A number of analysts recently commented on DRE shares. BTIG Research upped their price target on shares of Duke Realty from $73.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Goldman Sachs Group started coverage on shares of Duke Realty in a research note on Wednesday, May 15th. They set a “buy” rating and a $33.00 price target on the stock. Barclays restated a “hold” rating and set a $28.00 price target on shares of Duke Realty in a research note on Thursday, February 14th. Bank of America cut shares of Duke Realty from a “buy” rating to a “neutral” rating and set a $30.81 price target on the stock. in a research note on Thursday, May 16th. Finally, Zacks Investment Research cut shares of Duke Realty from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.35.

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About Duke Realty

Duke Realty Corporation owns and operates approximately 153 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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