Duke Realty Corp (DRE) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Duke Realty Corp (NYSE:DRE) by 1.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 194,438 shares of the real estate investment trust’s stock after acquiring an additional 3,073 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of Duke Realty worth $5,516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DRE. Cbre Clarion Securities LLC lifted its stake in Duke Realty by 39,261.8% in the second quarter. Cbre Clarion Securities LLC now owns 4,054,267 shares of the real estate investment trust’s stock worth $117,695,000 after purchasing an additional 4,043,967 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Duke Realty by 253.8% in the third quarter. JPMorgan Chase & Co. now owns 2,544,914 shares of the real estate investment trust’s stock worth $72,199,000 after purchasing an additional 1,825,535 shares during the last quarter. BlackRock Inc. lifted its stake in Duke Realty by 4.2% in the second quarter. BlackRock Inc. now owns 39,546,166 shares of the real estate investment trust’s stock worth $1,148,025,000 after purchasing an additional 1,585,819 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Duke Realty by 221.3% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,899,413 shares of the real estate investment trust’s stock worth $53,886,000 after purchasing an additional 1,308,230 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. lifted its stake in Duke Realty by 1,233.2% in the third quarter. NN Investment Partners Holdings N.V. now owns 964,145 shares of the real estate investment trust’s stock worth $27,354,000 after purchasing an additional 891,827 shares during the last quarter. 94.70% of the stock is owned by institutional investors.

Several research firms have weighed in on DRE. Zacks Investment Research downgraded shares of Duke Realty from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. Barclays reaffirmed a “hold” rating and set a $26.00 price objective on shares of Duke Realty in a research note on Sunday, October 14th. Citigroup upped their price objective on shares of Duke Realty from $30.50 to $33.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. SunTrust Banks set a $28.00 price objective on shares of Duke Realty and gave the company a “hold” rating in a research note on Tuesday, August 7th. Finally, Scotiabank started coverage on shares of Duke Realty in a research note on Tuesday, October 16th. They set a “sector perform” rating for the company. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $29.89.

Shares of NYSE:DRE traded up $0.22 during midday trading on Friday, hitting $28.29. 9,268 shares of the stock traded hands, compared to its average volume of 1,472,889. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 4.41 and a beta of 0.54. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.56. Duke Realty Corp has a one year low of $24.30 and a one year high of $29.48.

Duke Realty (NYSE:DRE) last announced its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, beating the 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 analysts’ expectations of $197.78 million. As a group, research analysts forecast that Duke Realty Corp will post 1.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be given 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 boost from Duke Realty’s previous quarterly dividend of $0.20. Duke Realty’s payout ratio is currently 69.35%.

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

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Duke Realty Company Profile

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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