Level Four Advisory Services LLC Reduces Stock Position in Duke Realty Co. (NYSE:DRE)

Level Four Advisory Services LLC cut its stake in Duke Realty Co. (NYSE:DREGet Rating) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,193 shares of the real estate investment trust’s stock after selling 350 shares during the period. Level Four Advisory Services LLC’s holdings in Duke Realty were worth $603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chesapeake Wealth Management raised its holdings in shares of Duke Realty by 1.2% during the fourth quarter. Chesapeake Wealth Management now owns 18,403 shares of the real estate investment trust’s stock worth $1,208,000 after purchasing an additional 219 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Duke Realty by 2.7% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,273 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 247 shares during the last quarter. Tributary Capital Management LLC grew its stake in Duke Realty by 4.1% during the 4th quarter. Tributary Capital Management LLC now owns 6,706 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 267 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its position in Duke Realty by 2.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,171 shares of the real estate investment trust’s stock worth $668,000 after buying an additional 272 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in Duke Realty by 1.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 23,900 shares of the real estate investment trust’s stock valued at $1,569,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 96.91% of the company’s stock.

Shares of DRE stock opened at $50.91 on Monday. The stock has a 50-day simple moving average of $56.27 and a 200 day simple moving average of $57.63. The stock has a market capitalization of $19.57 billion, a P/E ratio of 18.93, a P/E/G ratio of 3.46 and a beta of 0.73. Duke Realty Co. has a fifty-two week low of $45.42 and a fifty-two week high of $66.22. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.58.

Duke Realty (NYSE:DREGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.46. The company had revenue of $275.20 million during the quarter, compared to analyst estimates of $266.97 million. Duke Realty had a net margin of 93.39% and a return on equity of 17.47%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. On average, sell-side analysts anticipate that Duke Realty Co. will post 1.91 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, May 13th. Duke Realty’s dividend payout ratio (DPR) is presently 41.64%.

Several analysts recently weighed in on the stock. BMO Capital Markets upgraded shares of Duke Realty from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $68.00 to $65.00 in a research report on Monday, May 16th. StockNews.com began coverage on Duke Realty in a research report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial upgraded Duke Realty from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Thursday, February 3rd. Mizuho reduced their price target on Duke Realty from $65.00 to $58.00 and set a “na” rating for the company in a research report on Tuesday, May 17th. Finally, Wells Fargo & Company lowered their price target on Duke Realty from $64.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 15th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Duke Realty has a consensus rating of “Buy” and an average price target of $60.60.

Duke Realty Company Profile (Get Rating)

Duke Realty Corporation owns and operates approximately 159 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 a member of the S&P 500 Index.

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

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