Axa bought a new position in Duke Realty Corporation (NYSE:DRE) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 209,064 shares of the real estate investment trust’s stock, valued at approximately $5,843,000. Axa owned 0.06% of Duke Realty Corporation at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Legal & General Group Plc grew its position in Duke Realty Corporation by 10.0% in the 1st quarter. Legal & General Group Plc now owns 2,481,223 shares of the real estate investment trust’s stock worth $65,179,000 after purchasing an additional 226,426 shares during the period. Vanguard Group Inc. grew its position in Duke Realty Corporation by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 56,951,515 shares of the real estate investment trust’s stock worth $1,496,116,000 after purchasing an additional 1,744,485 shares during the period. Prudential Financial Inc. grew its position in Duke Realty Corporation by 18.1% in the 2nd quarter. Prudential Financial Inc. now owns 2,688,388 shares of the real estate investment trust’s stock worth $75,141,000 after purchasing an additional 411,563 shares during the period. Eqis Capital Management Inc. bought a new stake in Duke Realty Corporation in the 2nd quarter worth approximately $248,000. Finally, Global X Management Co. LLC grew its position in Duke Realty Corporation by 74.6% in the 2nd quarter. Global X Management Co. LLC now owns 9,714 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 4,152 shares during the period. 93.69% of the stock is owned by institutional investors and hedge funds.
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DRE has been the subject of a number of research analyst reports. BidaskClub raised shares of Duke Realty Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BMO Capital Markets initiated coverage on shares of Duke Realty Corporation in a research report on Monday, September 11th. They issued a “market perform” rating and a $30.00 target price for the company. Morgan Stanley lifted their target price on shares of Duke Realty Corporation from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Stifel Nicolaus lifted their target price on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $30.00 target price 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, five have given a hold rating and seven have given a buy rating to the company’s stock. Duke Realty Corporation currently has an average rating of “Hold” and an average price target of $28.91.
Shares of Duke Realty Corporation (NYSE DRE) opened at 29.57 on Friday. The stock’s 50 day moving average is $29.12 and its 200-day moving average is $27.92. Duke Realty Corporation has a 12 month low of $22.97 and a 12 month high of $30.14. The company has a market cap of $10.52 billion, a P/E ratio of 7.29 and a beta of 0.93.
Duke Realty Corporation (NYSE:DRE) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The firm had revenue of $165.84 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned $0.30 earnings per share. On average, equities analysts forecast that Duke Realty Corporation will post $3.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 16th were paid a $0.19 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.57%. Duke Realty Corporation’s payout ratio is currently 18.86%.
In other news, EVP Peter D. Harrington sold 30,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total value of $866,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is 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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