Duke Realty Corporation (DRE) Holdings Raised by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio raised its holdings in shares of Duke Realty Corporation (NYSE:DRE) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 548,594 shares of the real estate investment trust’s stock after purchasing an additional 9,914 shares during the quarter. Public Employees Retirement System of Ohio owned 0.15% of Duke Realty Corporation worth $15,333,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Koch Industries Inc. acquired a new stake in Duke Realty Corporation during the 2nd quarter valued at approximately $278,000. Verition Fund Management LLC acquired a new stake in Duke Realty Corporation during the 2nd quarter valued at approximately $683,000. Ameritas Investment Partners Inc. grew its stake in Duke Realty Corporation by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 131,812 shares of the real estate investment trust’s stock valued at $3,683,000 after purchasing an additional 1,599 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Duke Realty Corporation by 2.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,779 shares of the real estate investment trust’s stock valued at $329,000 after purchasing an additional 311 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in Duke Realty Corporation by 7.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 8,715 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.
A number of equities research analysts have weighed in on the company. BMO Capital Markets assumed coverage on Duke Realty Corporation in a research note on Monday, September 11th. They set a “market perform” rating and a $30.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and set a $31.00 price objective on shares of Duke Realty Corporation in a research note on Thursday, September 21st. J P Morgan Chase & Co lowered Duke Realty Corporation from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Tuesday, September 26th. BidaskClub upgraded Duke Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research lowered Duke Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $29.45.
In related news, EVP Peter D. Harrington sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $28.87, for a total transaction of $866,100.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.26% of the company’s stock.
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Shares of Duke Realty Corporation (DRE) traded down 0.294% on Tuesday, hitting $28.855. The stock had a trading volume of 403,421 shares. The firm’s 50-day moving average is $29.26 and its 200 day moving average is $28.45. The stock has a market cap of $10.26 billion, a P/E ratio of 7.111 and a beta of 0.93. Duke Realty Corporation has a 1-year low of $22.97 and a 1-year high of $30.14.
Duke Realty Corporation (NYSE:DRE) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. Duke Realty Corporation had a return on equity of 8.72% and a net margin of 166.06%. The firm had revenue of $165.84 million for the quarter, compared to analyst estimates of $185.25 million. During the same period in the previous year, the company posted $0.30 earnings per share. Equities analysts forecast that Duke Realty Corporation will post $3.71 EPS for the current year.
Duke Realty Corporation 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.
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