Segantii Capital Management Ltd maintained its position in Duke Realty Corporation (NYSE:DRE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,900 shares of the real estate investment trust’s stock at the end of the second quarter. Segantii Capital Management Ltd’s holdings in Duke Realty Corporation were worth $584,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC raised its position in Duke Realty Corporation by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 409,338 shares of the real estate investment trust’s stock worth $10,872,000 after buying an additional 26,264 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Duke Realty Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 107,734 shares of the real estate investment trust’s stock worth $2,830,000 after buying an additional 1,500 shares in the last quarter. Quadrant Capital Group LLC raised its position in Duke Realty Corporation by 10.4% in the first quarter. Quadrant Capital Group LLC now owns 7,020 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 660 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Duke Realty Corporation by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 89,800 shares of the real estate investment trust’s stock worth $2,359,000 after buying an additional 2,100 shares in the last quarter. Finally, DnB Asset Management AS raised its position in Duke Realty Corporation by 29.0% in the first quarter. DnB Asset Management AS now owns 26,242 shares of the real estate investment trust’s stock worth $689,000 after buying an additional 5,900 shares in the last quarter. 93.34% of the stock is currently owned by institutional investors.
Duke Realty Corporation (NYSE:DRE) opened at 28.26 on Friday. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 6.96 and a beta of 0.94. The stock’s 50 day moving average price is $28.14 and its 200 day moving average price is $27.19. Duke Realty Corporation has a 52 week low of $22.97 and a 52 week high of $29.25.
Duke Realty Corporation (NYSE:DRE) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $165.84 million for the quarter, compared to analyst estimates of $185.25 million. Duke Realty Corporation had a return on equity of 8.72% and a net margin of 166.06%. During the same quarter in the previous year, the company posted $0.30 EPS. On average, equities research analysts predict that Duke Realty Corporation will post $3.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 16th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.76 dividend on an annualized basis and a yield of 2.69%. Duke Realty Corporation’s dividend payout ratio is currently 18.86%.
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DRE has been the topic of a number of recent analyst reports. Barclays PLC boosted their price objective on Duke Realty Corporation from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 19th. Zacks Investment Research lowered Duke Realty Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $30.00 price target on shares of Duke Realty Corporation in a research note on Wednesday, June 7th. Stifel Nicolaus upped their price target on Duke Realty Corporation from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, Bank of America Corporation lowered Duke Realty Corporation from a “buy” rating to a “neutral” rating and cut their price target for the company from $32.00 to $30.00 in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $28.73.
In related news, EVP Peter D. Harrington sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $28.87, for a total transaction of $866,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Peter M. Scott III sold 2,500 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $28.25, for a total value of $70,625.00. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
Duke Realty Corporation Company 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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