Crestline Management LP lifted its position in Duke Realty Corp (NYSE:DRE) by 26.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,457 shares of the real estate investment trust’s stock after purchasing an additional 29,541 shares during the period. Duke Realty comprises 0.6% of Crestline Management LP’s portfolio, making the stock its 21st largest holding. Crestline Management LP’s holdings in Duke Realty were worth $3,690,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DRE. JPMorgan Chase & Co. grew its stake in Duke Realty by 253.8% during the third quarter. JPMorgan Chase & Co. now owns 2,544,914 shares of the real estate investment trust’s stock valued at $72,199,000 after acquiring an additional 1,825,535 shares in the last quarter. PGGM Investments grew its stake in Duke Realty by 24.4% during the fourth quarter. PGGM Investments now owns 6,727,800 shares of the real estate investment trust’s stock valued at $174,250,000 after acquiring an additional 1,320,000 shares in the last quarter. Renaissance Technologies LLC grew its stake in Duke Realty by 1,667.7% during the third quarter. Renaissance Technologies LLC now owns 1,104,300 shares of the real estate investment trust’s stock valued at $31,329,000 after acquiring an additional 1,041,830 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Duke Realty by 63.1% during the third quarter. Panagora Asset Management Inc. now owns 2,607,903 shares of the real estate investment trust’s stock valued at $73,986,000 after acquiring an additional 1,009,302 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Duke Realty by 2,458.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,002,434 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 963,250 shares in the last quarter. 92.94% of the stock is owned by hedge funds and other institutional investors.

In other Duke Realty news, insider Steven W. Schnur sold 10,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.82, for a total transaction of $298,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nicholas C. Anthony sold 9,937 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $29.07, for a total transaction of $288,868.59. Following the transaction, the executive vice president now owns 28,016 shares of the company’s stock, valued at approximately $814,425.12. The disclosure for this sale can be found here. Insiders have sold 94,674 shares of company stock valued at $2,805,226 in the last quarter. 0.24% of the stock is owned by company insiders.

DRE stock opened at $30.57 on Friday. Duke Realty Corp has a 52 week low of $24.67 and a 52 week high of $31.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 2.50. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 4.51 and a beta of 0.76.

Duke Realty (NYSE:DRE) last released its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.17). Duke Realty had a net margin of 40.48% and a return on equity of 8.02%. The business had revenue of $202.86 million for the quarter, compared to the consensus estimate of $200.75 million. During the same quarter last year, the business earned $0.30 EPS. Duke Realty’s revenue for the quarter was down 5.9% compared to the same quarter last year. Research analysts anticipate that Duke Realty Corp will post 1.39 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th were given a dividend of $0.215 per share. The ex-dividend date was Wednesday, February 13th. This represents a $0.86 annualized dividend and a yield of 2.81%. Duke Realty’s dividend payout ratio (DPR) is currently 64.66%.

Several equities analysts recently weighed in on DRE shares. Wells Fargo & Co raised shares of Duke Realty from a “market perform” rating to an “outperform” rating and raised their target price for the company from $30.00 to $33.00 in a research note on Tuesday, December 11th. JPMorgan Chase & Co. raised shares of Duke Realty from a “neutral” rating to an “overweight” rating in a research note on Wednesday, December 19th. BTIG Research raised shares of Duke Realty from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 8th. BMO Capital Markets raised shares of Duke Realty from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 9th. Finally, SunTrust Banks raised shares of Duke Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $30.38.

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Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 153 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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