Sei Investments Co. lowered its stake in shares of Duke Realty Corporation (NYSE:DRE) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 317,825 shares of the real estate investment trust’s stock after selling 19,094 shares during the period. Sei Investments Co.’s holdings in Duke Realty Corporation were worth $8,883,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. First Personal Financial Services increased its position in Duke Realty Corporation by 117.6% in the first quarter. First Personal Financial Services now owns 3,885 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 2,100 shares during the period. Toronto Dominion Bank increased its position in Duke Realty Corporation by 9.6% in the first quarter. Toronto Dominion Bank now owns 3,881 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 341 shares during the period. Bessemer Group Inc. increased its position 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 valued at $104,000 after buying an additional 3,651 shares during the period. Harbour Capital Advisors LLC acquired a new position in Duke Realty Corporation during the first quarter valued at $132,000. Finally, Global X Management Co. LLC increased its position in Duke Realty Corporation by 45.2% in the first quarter. Global X Management Co. LLC now owns 5,562 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 1,732 shares during the period. Hedge funds and other institutional investors own 93.34% of the company’s stock.

Shares of Duke Realty Corporation (DRE) opened at 28.26 on Friday. The stock’s 50 day moving average is $28.14 and its 200-day moving average is $27.20. Duke Realty Corporation has a one year low of $22.97 and a one year high of $29.25. The stock has a market capitalization of $10.05 billion, a P/E ratio of 6.96 and a beta of 0.94.

Duke Realty Corporation (NYSE:DRE) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $185.25 million. During the same period in the prior year, the firm earned $0.30 earnings per share. On average, equities research analysts expect that Duke Realty Corporation will post $3.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Monday, August 14th. Duke Realty Corporation’s dividend payout ratio is presently 18.86%.

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Several research firms have weighed in on DRE. Bank of America Corporation downgraded shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $32.00 to $30.00 in a report on Friday, June 23rd. Barclays PLC raised their target price on shares of Duke Realty Corporation from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, April 19th. BidaskClub downgraded shares of Duke Realty Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Royal Bank Of Canada restated a “buy” rating and set a $30.00 target price on shares of Duke Realty Corporation in a report on Wednesday, June 7th. Finally, Stifel Nicolaus raised their target price on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Duke Realty Corporation presently has a consensus rating of “Hold” and an average price target of $28.73.

In other Duke Realty Corporation news, Director Peter M. Scott III sold 2,500 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $28.25, for a total transaction of $70,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter D. Harrington sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were 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 currently owned by corporate 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.

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

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