Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Duke Realty Corporation (NYSE:DRE) by 101.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,157 shares of the real estate investment trust’s stock after purchasing an additional 14,660 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Duke Realty Corporation were worth $840,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DRE. Bessemer Group Inc. boosted its holdings in Duke Realty Corporation by 4,741.6% in the second quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 3,651 shares during the period. First Personal Financial Services boosted its holdings in Duke Realty Corporation by 1.2% in the second quarter. First Personal Financial Services now owns 3,931 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 46 shares during the period. Advisor Group Inc. boosted its holdings in Duke Realty Corporation by 0.3% in the second quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 12 shares during the period. Toronto Dominion Bank boosted its holdings in Duke Realty Corporation by 12.6% in the second quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 488 shares during the period. Finally, Fiduciary Trust Co. acquired a new position in Duke Realty Corporation in the second quarter worth $201,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

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A number of equities analysts have commented on DRE shares. Zacks Investment Research downgraded shares of Duke Realty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. BMO Capital Markets started coverage on shares of Duke Realty Corporation in a report on Monday, September 11th. They issued a “market perform” rating and a $30.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Duke Realty Corporation in a report on Thursday, September 21st. BidaskClub raised shares of Duke Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, Robert W. Baird decreased their price objective on shares of Duke Realty Corporation from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $29.55.

Duke Realty Corporation (NYSE:DRE) traded down $0.08 during mid-day trading on Thursday, reaching $29.22. The company’s stock had a trading volume of 1,649,800 shares, compared to its average volume of 2,707,499. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.23 and a quick ratio of 3.23. The company has a market capitalization of $10,434.93, a PE ratio of 23.44, a price-to-earnings-growth ratio of 5.40 and a beta of 0.92. Duke Realty Corporation has a 12 month low of $23.93 and a 12 month high of $30.14.

Duke Realty Corporation (NYSE:DRE) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $169.61 million for the quarter, compared to analysts’ expectations of $168.75 million. Duke Realty Corporation had a return on equity of 6.36% and a net margin of 178.66%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share. analysts predict that Duke Realty Corporation will post 1.23 EPS for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be paid a $0.85 dividend. This represents a yield of 2.74%. This is a boost from Duke Realty Corporation’s previous special dividend of $0.20. The ex-dividend date of this dividend is Thursday, November 30th. Duke Realty Corporation’s dividend payout ratio (DPR) is presently 19.18%.

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.

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

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