New Mexico Educational Retirement Board boosted its stake in Duke Realty Corporation (NYSE:DRE) by 67.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 82,142 shares of the real estate investment trust’s stock after buying an additional 33,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Duke Realty Corporation were worth $2,348,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Asset Management Company LTD boosted its position in Duke Realty Corporation by 5.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 43,224 shares of the real estate investment trust’s stock valued at $1,135,000 after buying an additional 2,057 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in Duke Realty Corporation by 6.1% in the first quarter. Duncker Streett & Co. Inc. now owns 14,087 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 813 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in Duke Realty Corporation during the first quarter valued at $505,000. Profund Advisors LLC boosted its position in Duke Realty Corporation by 4.2% in the first quarter. Profund Advisors LLC now owns 59,619 shares of the real estate investment trust’s stock valued at $1,566,000 after buying an additional 2,401 shares during the last quarter. Finally, Korea Investment CORP boosted its position in Duke Realty Corporation by 27.4% in the first quarter. Korea Investment CORP now owns 440,003 shares of the real estate investment trust’s stock valued at $11,559,000 after buying an additional 94,500 shares during the last quarter. Hedge funds and other institutional investors own 93.34% of the company’s stock.

Duke Realty Corporation (NYSE:DRE) opened at 28.52 on Thursday. The stock’s 50 day moving average is $28.15 and its 200 day moving average is $27.18. Duke Realty Corporation has a 12-month low of $22.97 and a 12-month high of $29.25. The stock has a market capitalization of $10.14 billion, a PE ratio of 7.03 and a beta of 0.94.

Duke Realty Corporation (NYSE:DRE) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. The company had revenue of $165.84 million during the quarter, compared to the consensus estimate of $185.25 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Analysts forecast that Duke Realty Corporation will post $3.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Monday, August 14th. Duke Realty Corporation’s dividend payout ratio is 18.86%.

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Several equities analysts have weighed in on the stock. BidaskClub upgraded shares of Duke Realty Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $30.00 price objective on shares of Duke Realty Corporation in a research report on Wednesday, June 7th. Stifel Nicolaus lifted their price objective on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Bank of America Corporation cut shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $32.00 to $30.00 in a research report on Friday, June 23rd. Finally, Barclays PLC lowered their price objective on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $28.73.

In other news, Director Peter M. Scott III sold 2,500 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $28.25, for a total transaction of $70,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter D. Harrington sold 30,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $28.87, for a total transaction of $866,100.00. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

About Duke Realty Corporation

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

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