State of Wisconsin Investment Board lifted its holdings in Duke Realty Corporation (NYSE:DRE) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 543,947 shares of the real estate investment trust’s stock after acquiring an additional 45,997 shares during the period. State of Wisconsin Investment Board owned 0.15% of Duke Realty Corporation worth $15,677,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in shares of Duke Realty Corporation by 4,741.6% in the 2nd quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 3,651 shares during the last quarter. First Personal Financial Services lifted its holdings in shares of Duke Realty Corporation by 1.2% in the 2nd quarter. First Personal Financial Services now owns 3,931 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 46 shares during the last quarter. Advisor Group Inc. lifted its stake 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 last quarter. Toronto Dominion Bank lifted its stake 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 last quarter. Finally, Fiduciary Trust Co. bought a new stake in Duke Realty Corporation in the second quarter worth about $201,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

Shares of Duke Realty Corporation (DRE) opened at $29.11 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.23 and a current ratio of 3.23. Duke Realty Corporation has a 12 month low of $22.97 and a 12 month high of $30.14. The firm has a market cap of $10,313.84, a P/E ratio of 23.17, a PEG ratio of 5.34 and a beta of 0.92.

Duke Realty Corporation (NYSE:DRE) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Duke Realty Corporation had a net margin of 178.66% and a return on equity of 6.36%. The firm had revenue of $169.61 million during the quarter, compared to the consensus estimate of $168.75 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. sell-side analysts expect that Duke Realty Corporation will post 1.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Wednesday, November 15th. This is an increase from Duke Realty Corporation’s previous quarterly dividend of $0.19. Duke Realty Corporation’s payout ratio is currently 18.23%.

Several brokerages have issued reports on DRE. J P Morgan Chase & Co downgraded shares of Duke Realty Corporation from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Tuesday, September 26th. Zacks Investment Research raised shares of Duke Realty Corporation from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Monday, October 30th. BidaskClub raised shares of Duke Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Barclays PLC decreased their price objective on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Finally, BMO Capital Markets set a $30.00 price objective on shares of Duke Realty Corporation and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.55.

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Duke Realty Corporation 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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