Timbercreek Asset Management Ltd. reduced its position in shares of Duke Realty Corporation (NYSE:DRE) by 41.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,853 shares of the real estate investment trust’s stock after selling 69,500 shares during the period. Timbercreek Asset Management Ltd.’s holdings in Duke Realty Corporation were worth $2,735,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Duke Realty Corporation by 0.4% during the second quarter. Vanguard Group Inc. now owns 57,188,532 shares of the real estate investment trust’s stock worth $1,598,419,000 after purchasing an additional 237,017 shares in the last quarter. BlackRock Inc. lifted its position in shares of Duke Realty Corporation by 8.6% during the second quarter. BlackRock Inc. now owns 45,922,413 shares of the real estate investment trust’s stock worth $1,283,532,000 after purchasing an additional 3,652,025 shares in the last quarter. FMR LLC lifted its position in shares of Duke Realty Corporation by 1.5% during the first quarter. FMR LLC now owns 42,040,885 shares of the real estate investment trust’s stock worth $1,104,415,000 after purchasing an additional 635,211 shares in the last quarter. State Street Corp lifted its position in shares of Duke Realty Corporation by 0.8% during the first quarter. State Street Corp now owns 18,125,314 shares of the real estate investment trust’s stock worth $476,150,000 after purchasing an additional 149,171 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Duke Realty Corporation by 30.5% during the second quarter. Daiwa Securities Group Inc. now owns 8,109,890 shares of the real estate investment trust’s stock worth $226,671,000 after purchasing an additional 1,894,749 shares in the last quarter. 93.65% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts have recently commented on DRE shares. BidaskClub raised shares of Duke Realty Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reissued a “buy” rating and set a $31.00 target price on shares of Duke Realty Corporation in a research report on Thursday. BMO Capital Markets assumed coverage on shares of Duke Realty Corporation in a research report on Monday, September 11th. They set a “market perform” rating and a $30.00 target price on the stock. Morgan Stanley upped their price target on shares of Duke Realty Corporation from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $30.00 price target on shares of Duke Realty Corporation in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Duke Realty Corporation presently has an average rating of “Hold” and a consensus price target of $28.91.

Duke Realty Corporation (DRE) traded down 0.27% during mid-day trading on Thursday, reaching $29.41. 319,497 shares of the company traded hands. The stock has a 50 day moving average price of $29.16 and a 200-day moving average price of $28.00. Duke Realty Corporation has a 52-week low of $22.97 and a 52-week high of $30.14. The company has a market capitalization of $10.46 billion, a P/E ratio of 7.25 and a beta of 0.93.

Duke Realty Corporation (NYSE:DRE) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $165.84 million during the quarter, compared to analysts’ expectations of $185.25 million. Duke Realty Corporation had a return on equity of 8.72% and a net margin of 166.06%. During the same period in the prior year, the business earned $0.30 earnings per share. Analysts expect that Duke Realty Corporation will post $3.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 16th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.76 annualized dividend and a yield of 2.58%. Duke Realty Corporation’s dividend payout ratio (DPR) is currently 18.86%.

In related news, EVP Peter D. Harrington sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $28.87, for a total value of $866,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

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.

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

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