State of Alaska Department of Revenue boosted its stake in shares of Duke Realty Corp (NYSE:DRE) by 31.8% during the first quarter, Holdings Channel reports. The firm owned 218,116 shares of the real estate investment trust’s stock after buying an additional 52,636 shares during the period. State of Alaska Department of Revenue owned 0.06% of Duke Realty Corp worth $5,728,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its position in Duke Realty Corp by 2.9% in the fourth quarter. FMR LLC now owns 41,405,674 shares of the real estate investment trust’s stock valued at $1,099,735,000 after buying an additional 1,177,586 shares in the last quarter. Principal Financial Group Inc. boosted its position in Duke Realty Corp by 23.8% in the third quarter. Principal Financial Group Inc. now owns 14,702,394 shares of the real estate investment trust’s stock valued at $401,816,000 after buying an additional 2,828,373 shares in the last quarter. Morgan Stanley boosted its position in Duke Realty Corp by 1.6% in the third quarter. Morgan Stanley now owns 9,972,865 shares of the real estate investment trust’s stock valued at $272,559,000 after buying an additional 158,514 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Duke Realty Corp by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,636,271 shares of the real estate investment trust’s stock valued at $123,136,000 after buying an additional 91,233 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Duke Realty Corp by 2.6% in the third quarter. BlackRock Group LTD now owns 4,127,195 shares of the real estate investment trust’s stock valued at $112,795,000 after buying an additional 103,809 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

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

Shares of Duke Realty Corp (NYSE:DRE) traded down 0.18% during midday trading on Thursday, reaching $27.61. 2,156,825 shares of the company were exchanged. The stock has a 50-day moving average price of $26.29 and a 200 day moving average price of $25.77. The company has a market capitalization of $9.82 billion, a P/E ratio of 31.27 and a beta of 0.93. Duke Realty Corp has a 52-week low of $21.11 and a 52-week high of $28.99.

Duke Realty Corp (NYSE:DRE) last announced its quarterly earnings data on Wednesday, January 25th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Duke Realty Corp had a net margin of 34.60% and a return on equity of 9.27%. The company earned $204.26 million during the quarter, compared to the consensus estimate of $205.04 million. During the same quarter last year, the firm posted $0.29 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts expect that Duke Realty Corp will post $0.31 EPS for the current fiscal year.

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Several equities analysts have recently commented on the stock. Barclays PLC boosted their price target on shares of Duke Realty Corp from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday. BMO Capital Markets restated a “hold” rating and set a $28.00 price target on shares of Duke Realty Corp in a report on Monday, March 20th. Stifel Nicolaus lowered their price target on shares of Duke Realty Corp from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, January 27th. Mizuho upgraded shares of Duke Realty Corp from a “neutral” rating to a “buy” rating and boosted their price target for the company from $27.00 to $28.00 in a report on Monday, February 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Duke Realty Corp from a “sell” rating to a “hold” rating in a report on Thursday, April 6th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $28.58.

In other news, Director Charles R. Eitel sold 5,246 shares of Duke Realty Corp stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $25.52, for a total value of $133,877.92. Following the completion of the transaction, the director now owns 4,949 shares of the company’s stock, valued at approximately $126,298.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Duke Realty Corp 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.

5 Day Chart for NYSE:DRE

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