Teachers Advisors LLC increased its stake in Duke Realty Corp (NYSE:DRE) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,305,771 shares of the real estate investment trust’s stock after purchasing an additional 23,049 shares during the period. Teachers Advisors LLC’s holdings in Duke Realty were worth $35,530,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Delpha Capital Management LLC purchased a new stake in Duke Realty in the fourth quarter worth approximately $121,000. Itau Unibanco Holding S.A. purchased a new stake in Duke Realty in the fourth quarter worth approximately $132,000. Zeke Capital Advisors LLC purchased a new stake in Duke Realty in the third quarter worth approximately $211,000. Synovus Financial Corp purchased a new stake in Duke Realty in the third quarter worth approximately $212,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Duke Realty in the third quarter worth approximately $228,000. Institutional investors own 94.04% of the company’s stock.
Several brokerages have issued reports on DRE. ValuEngine lowered Duke Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. SunTrust Banks set a $27.00 target price on Duke Realty and gave the stock a “hold” rating in a research note on Friday, February 9th. Zacks Investment Research raised Duke Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Robert W. Baird set a $32.00 target price on Duke Realty and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Duke Realty in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.82.
In other news, Director Charles R. Eitel sold 5,242 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.96, for a total transaction of $130,840.32. Following the completion of the sale, the director now owns 4,927 shares of the company’s stock, valued at $122,977.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.
Shares of DRE stock opened at $26.07 on Wednesday. The firm has a market capitalization of $9,310.29, a P/E ratio of 21.03, a PEG ratio of 4.70 and a beta of 0.80. Duke Realty Corp has a 52 week low of $24.30 and a 52 week high of $30.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 4.43 and a current ratio of 4.43.
Duke Realty (NYSE:DRE) last released its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.13). The company had revenue of $179.39 million for the quarter, compared to analysts’ expectations of $175.00 million. Duke Realty had a net margin of 197.59% and a return on equity of 6.28%. sell-side analysts forecast that Duke Realty Corp will post 1.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Wednesday, February 14th. Duke Realty’s dividend payout ratio (DPR) is presently 17.54%.
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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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