KAMES CAPITAL plc bought a new stake in shares of Duke Realty Corp (NYSE:DRE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 44,559 shares of the real estate investment trust’s stock, valued at approximately $1,212,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in DRE. Advisor Group Inc. grew its stake in shares of Duke Realty by 0.3% during the second quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 12 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Duke Realty by 12.6% during the second quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 488 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in shares of Duke Realty during the third quarter valued at approximately $211,000. Synovus Financial Corp bought a new position in shares of Duke Realty during the third quarter valued at approximately $212,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Duke Realty during the third quarter valued at approximately $228,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Duke Realty Corp (DRE) opened at $25.71 on Friday. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $9,156.38, a P/E ratio of 20.57, a P/E/G ratio of 4.68 and a beta of 0.90. Duke Realty Corp has a twelve month low of $23.93 and a twelve month high of $30.14.
Duke Realty (NYSE:DRE) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $169.61 million during the quarter, compared to analyst estimates of $168.75 million. Duke Realty had a return on equity of 6.36% and a net margin of 178.66%. Duke Realty’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. research analysts expect that Duke Realty Corp will post 1.24 EPS for the current fiscal year.
A number of research analysts have recently commented on DRE shares. Zacks Investment Research raised Duke Realty from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $31.00 price target on shares of Duke Realty in a report on Thursday, September 21st. Citigroup upgraded Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, December 14th. BMO Capital Markets set a $30.00 price target on Duke Realty and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. lowered Duke Realty from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.75.
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About Duke Realty
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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