Duke Realty Corp (DRE) Shares Sold by Dupont Capital Management Corp
Dupont Capital Management Corp lessened its position in shares of Duke Realty Corp (NYSE:DRE) by 16.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,073 shares of the real estate investment trust’s stock after selling 8,775 shares during the period. Dupont Capital Management Corp’s holdings in Duke Realty were worth $1,226,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its position in shares of Duke Realty by 0.4% during the 2nd quarter. State Street Corp now owns 18,201,618 shares of the real estate investment trust’s stock valued at $508,725,000 after buying an additional 76,304 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Duke Realty by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,127,138 shares of the real estate investment trust’s stock valued at $147,766,000 after buying an additional 256,491 shares during the last quarter. Brookfield Asset Management Inc. purchased a new position in shares of Duke Realty during the 2nd quarter valued at $130,756,000. Schwab Charles Investment Management Inc. lifted its position in shares of Duke Realty by 4.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,835,872 shares of the real estate investment trust’s stock valued at $104,375,000 after buying an additional 174,986 shares during the last quarter. Finally, Boston Partners purchased a new position in shares of Duke Realty during the 3rd quarter valued at $93,065,000. 94.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the company. Zacks Investment Research cut Duke Realty from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Royal Bank of Canada cut Duke Realty from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $29.00 to $31.00 in a research report on Wednesday, January 3rd. DA Davidson reaffirmed a “neutral” rating on shares of Duke Realty in a research report on Thursday, February 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $31.00 price target on shares of Duke Realty in a research report on Thursday, December 14th. Finally, JPMorgan Chase & Co. cut Duke Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price target on the stock. in a research report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.10.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.13%. Duke Realty’s dividend payout ratio (DPR) is 17.54%.
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About Duke Realty
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.
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