Toronto Dominion Bank increased its holdings in Duke Realty Corp (NYSE:DRE) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,387 shares of the real estate investment trust’s stock after purchasing an additional 18,454 shares during the period. Toronto Dominion Bank’s holdings in Duke Realty were worth $4,174,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Duke Realty by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,127,138 shares of the real estate investment trust’s stock worth $147,766,000 after purchasing an additional 256,491 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Duke Realty by 4.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,835,872 shares of the real estate investment trust’s stock worth $104,375,000 after purchasing an additional 174,986 shares in the last quarter. Boston Partners increased its stake in Duke Realty by 3.8% in the 4th quarter. Boston Partners now owns 3,353,009 shares of the real estate investment trust’s stock worth $91,235,000 after acquiring an additional 123,847 shares during the last quarter. Prudential Financial Inc. increased its stake in Duke Realty by 8.8% in the 3rd quarter. Prudential Financial Inc. now owns 2,925,482 shares of the real estate investment trust’s stock worth $84,313,000 after acquiring an additional 237,094 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its stake in Duke Realty by 3.1% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,816,603 shares of the real estate investment trust’s stock worth $76,640,000 after acquiring an additional 83,750 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors.
DRE has been the topic of a number of research reports. Royal Bank of Canada downgraded Duke Realty from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $29.00 to $31.00 in a research note on Wednesday, January 3rd. Morgan Stanley reissued an “overweight” rating and set a $31.00 target price on shares of Duke Realty in a research report on Thursday, December 14th. Zacks Investment Research downgraded Duke Realty from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Citigroup raised Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Thursday, December 14th. Finally, Robert W. Baird cut their target price on Duke Realty from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.82.
Shares of Duke Realty Corp (NYSE DRE) opened at $24.82 on Thursday. Duke Realty Corp has a 1-year low of $24.48 and a 1-year high of $30.14. The firm has a market capitalization of $9,092.52, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 4.60 and a beta of 0.77. The company has a debt-to-equity ratio of 0.53, a current ratio of 4.43 and a quick ratio of 3.23.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Wednesday, February 14th. Duke Realty’s dividend payout ratio is 17.54%.
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Duke Realty 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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