Public Employees Retirement Association of Colorado boosted its stake in shares of Duke Realty Corporation (NYSE:DRE) by 0.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 81,700 shares of the real estate investment trust’s stock after buying an additional 209 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Duke Realty Corporation were worth $2,284,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DRE. Vanguard Group Inc. boosted its stake in Duke Realty Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 56,951,515 shares of the real estate investment trust’s stock valued at $1,496,116,000 after buying an additional 1,744,485 shares during the last quarter. BlackRock Inc. boosted its stake in Duke Realty Corporation by 1,882.9% in the first quarter. BlackRock Inc. now owns 42,270,388 shares of the real estate investment trust’s stock valued at $1,110,444,000 after buying an additional 40,138,665 shares during the last quarter. FMR LLC boosted its stake in Duke Realty Corporation by 1.5% in the first quarter. FMR LLC now owns 42,040,885 shares of the real estate investment trust’s stock valued at $1,104,415,000 after buying an additional 635,211 shares during the last quarter. State Street Corp boosted its stake in Duke Realty Corporation by 0.8% in the first quarter. State Street Corp now owns 18,125,314 shares of the real estate investment trust’s stock valued at $476,150,000 after buying an additional 149,171 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Duke Realty Corporation by 20.2% in the first quarter. Nuveen Asset Management LLC now owns 6,944,579 shares of the real estate investment trust’s stock valued at $182,434,000 after buying an additional 1,168,051 shares during the last quarter. 93.34% of the stock is currently owned by institutional investors and hedge funds.

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

Duke Realty Corporation (NYSE:DRE) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $165.84 million during the quarter, compared to the consensus estimate of $185.25 million. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. During the same period last 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 company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 16th will be paid a $0.19 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.76 annualized dividend and a yield of 2.66%. Duke Realty Corporation’s dividend payout ratio (DPR) is 18.86%.

WARNING: This story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/public-employees-retirement-association-of-colorado-boosts-position-in-duke-realty-corporation-dre/1467023.html.

DRE has been the topic of several research reports. Zacks Investment Research cut Duke Realty Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. BidaskClub raised Duke Realty Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley lifted their price objective on Duke Realty Corporation from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Stifel Nicolaus lifted their price objective on Duke Realty Corporation from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $30.00 price objective on shares of Duke Realty Corporation in a research report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.73.

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

Duke Realty Corporation Company 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.

Want to see what other hedge funds are holding DRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Realty Corporation (NYSE:DRE).

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

Receive News & Ratings for Duke Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Realty Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.