Arrowstreet Capital Limited Partnership raised its holdings in shares of Duke Realty Corp (NYSE:DRE) by 11,053.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 780,718 shares of the real estate investment trust’s stock after buying an additional 773,718 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Duke Realty were worth $21,243,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Toronto Dominion Bank lifted its position in 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 in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Duke Realty during the fourth quarter valued at approximately $132,000. Zeke Capital Advisors LLC acquired a new position in Duke Realty during the third quarter valued at approximately $211,000. Synovus Financial Corp acquired a new position in Duke Realty during the third quarter valued at approximately $212,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Duke Realty during the third quarter valued at approximately $228,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.
DRE has been the topic of a number of recent research reports. Robert W. Baird set a $32.00 price target on shares of Duke Realty and gave the company a “buy” rating in a research report on Monday, February 5th. Citigroup raised shares of Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Thursday, December 14th. Zacks Investment Research raised shares of Duke Realty from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Monday, October 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $28.00 price target on shares of Duke Realty in a research report on Wednesday, January 31st. Finally, SunTrust Banks set a $27.00 price target on shares of Duke Realty and gave the company a “hold” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.82.
Shares of Duke Realty Corp (NYSE:DRE) opened at $25.47 on Friday. The stock has a market cap of $9,070.00, a P/E ratio of 32.24, a PEG ratio of 4.50 and a beta of 0.77. Duke Realty Corp has a 12 month low of $24.48 and a 12 month high of $30.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 3.23 and a current ratio of 4.43.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.14%. Duke Realty’s dividend payout ratio is currently 101.27%.
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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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