PGGM Investments reduced its position in shares of Duke Realty Corp. (NYSE:DRE) by 11.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,559,515 shares of the real estate investment trust’s stock after selling 595,805 shares during the period. PGGM Investments’ holdings in Duke Realty Corp. were worth $121,557,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in shares of Duke Realty Corp. during the second quarter valued at about $13,878,000. Daiwa Securities Group Inc. boosted its position in shares of Duke Realty Corp. by 2.2% in the second quarter. Daiwa Securities Group Inc. now owns 23,100 shares of the real estate investment trust’s stock valued at $616,000 after buying an additional 500 shares in the last quarter. Sanders Morris Harris Inc. boosted its position in shares of Duke Realty Corp. by 1.0% in the second quarter. Sanders Morris Harris Inc. now owns 37,970 shares of the real estate investment trust’s stock valued at $1,013,000 after buying an additional 377 shares in the last quarter. Oakbrook Investments LLC boosted its position in shares of Duke Realty Corp. by 13.5% in the second quarter. Oakbrook Investments LLC now owns 17,654 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 2,100 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of Duke Realty Corp. during the second quarter valued at about $416,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Shares of Duke Realty Corp. (NYSE:DRE) traded up 1.12% on Wednesday, reaching $27.20. 4,012,352 shares of the company were exchanged. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 37.62 and a beta of 1.14. The firm’s 50 day moving average price is $27.76 and its 200 day moving average price is $24.98. Duke Realty Corp. has a 52 week low of $18.44 and a 52 week high of $28.99.

Duke Realty Corp. (NYSE:DRE) last posted its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $200.50 million for the quarter, compared to the consensus estimate of $202.67 million. Duke Realty Corp. had a net margin of 27.88% and a return on equity of 7.51%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 EPS. Equities research analysts anticipate that Duke Realty Corp. will post $1.19 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Friday, August 12th. Duke Realty Corp.’s dividend payout ratio is presently 100.00%.

Several equities research analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Duke Realty Corp. from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Oppenheimer Holdings Inc. boosted their price objective on shares of Duke Realty Corp. from $26.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, July 28th. Stifel Nicolaus boosted their price objective on shares of Duke Realty Corp. from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. BTIG Research assumed coverage on shares of Duke Realty Corp. in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Finally, Morgan Stanley reissued a “buy” rating and set a $31.00 price objective on shares of Duke Realty Corp. in a research note on Wednesday, September 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.20.

In other Duke Realty Corp. news, EVP Steven R. Kennedy sold 26,649 shares of the firm’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $25.41, for a total transaction of $677,151.09. Following the transaction, the executive vice president now owns 42,691 shares of the company’s stock, valued at approximately $1,084,778.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles R. Eitel sold 3,575 shares of the firm’s stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $25.94, for a total transaction of $92,735.50. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Duke Realty Corp. Company Profile

Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial, medical office, office real estate investments and service operations. The Service operations segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures.

5 Day Chart for NYSE:DRE

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