Sheaff Brock Investment Advisors LLC increased its holdings in Duke Realty Corp (NYSE:DRE) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,630 shares of the real estate investment trust’s stock after purchasing an additional 889 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Duke Realty were worth $1,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DRE. Principal Financial Group Inc. grew its holdings in Duke Realty by 8.7% in the 1st quarter. Principal Financial Group Inc. now owns 7,246,115 shares of the real estate investment trust’s stock worth $221,586,000 after acquiring an additional 577,829 shares during the last quarter. Geode Capital Management LLC grew its holdings in Duke Realty by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 6,044,402 shares of the real estate investment trust’s stock worth $156,339,000 after acquiring an additional 473,385 shares during the last quarter. Centersquare Investment Management LLC grew its holdings in Duke Realty by 434.8% in the 1st quarter. Centersquare Investment Management LLC now owns 4,789,011 shares of the real estate investment trust’s stock worth $146,448,000 after acquiring an additional 3,893,531 shares during the last quarter. California Public Employees Retirement System grew its holdings in Duke Realty by 21.0% in the 1st quarter. California Public Employees Retirement System now owns 2,119,847 shares of the real estate investment trust’s stock worth $64,825,000 after acquiring an additional 367,919 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in Duke Realty by 1.3% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,789,399 shares of the real estate investment trust’s stock worth $54,720,000 after acquiring an additional 22,130 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

In related news, EVP Nicholas C. Anthony sold 7,806 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.61, for a total transaction of $254,553.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.

Shares of DRE traded down $0.35 during trading hours on Wednesday, reaching $32.81. 88,580 shares of the company traded hands, compared to its average volume of 1,989,947. The firm has a fifty day moving average price of $32.78. The stock has a market cap of $11.93 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 5.29 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.90 and a quick ratio of 1.90. Duke Realty Corp has a 12 month low of $24.67 and a 12 month high of $33.83.

Duke Realty (NYSE:DRE) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.15). The company had revenue of $213.11 million for the quarter, compared to the consensus estimate of $212.46 million. Duke Realty had a net margin of 23.14% and a return on equity of 4.82%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. Equities analysts anticipate that Duke Realty Corp will post 1.42 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, August 14th. Duke Realty’s payout ratio is 64.66%.

A number of equities research analysts have issued reports on the stock. Bank of America lowered shares of Duke Realty from a “buy” rating to a “neutral” rating and set a $30.81 price target on the stock. in a report on Thursday, May 16th. Stifel Nicolaus raised their price target on shares of Duke Realty from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Zacks Investment Research lowered shares of Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research note on Wednesday, June 19th. Goldman Sachs Group initiated coverage on shares of Duke Realty in a research note on Wednesday, May 15th. They set a “buy” rating and a $33.00 target price on the stock. Finally, Scotiabank raised shares of Duke Realty from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $38.35.

About Duke Realty

Duke Realty Corporation owns and operates approximately 153 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index.

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

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