DekaBank Deutsche Girozentrale Sells 2,412 Shares of Duke Realty Co. (DRE)

DekaBank Deutsche Girozentrale decreased its stake in shares of Duke Realty Co. (NYSE:DRE) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,479 shares of the real estate investment trust’s stock after selling 2,412 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Duke Realty were worth $801,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Delpha Capital Management LLC purchased a new position in Duke Realty during the fourth quarter valued at $121,000. Itau Unibanco Holding S.A. purchased a new position in Duke Realty during the fourth quarter valued at $132,000. American Investment Services Inc. purchased a new position in Duke Realty during the fourth quarter valued at $233,000. Conning Inc. purchased a new position in Duke Realty during the fourth quarter valued at $262,000. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Duke Realty by 35.7% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 11,400 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 98.58% of the company’s stock.

Shares of DRE opened at $27.40 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 4.51 and a quick ratio of 4.50. Duke Realty Co. has a one year low of $24.30 and a one year high of $30.14. The firm has a market capitalization of $9.78 billion, a P/E ratio of 22.28, a PEG ratio of 4.42 and a beta of 0.72.

Duke Realty (NYSE:DRE) last issued its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.13. Duke Realty had a return on equity of 5.98% and a net margin of 196.21%. The company had revenue of $234.60 million during the quarter, compared to analyst estimates of $184.19 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. Duke Realty’s revenue was up 29.5% compared to the same quarter last year. equities research analysts predict that Duke Realty Co. will post 1.3 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Wednesday, May 16th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Tuesday, May 15th. Duke Realty’s payout ratio is currently 64.52%.

In related news, Director Charles R. Eitel sold 5,242 shares of Duke Realty stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.96, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Melanie R. Sabelhaus sold 4,000 shares of Duke Realty stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $27.52, for a total value of $110,080.00. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

DRE has been the subject of a number of research analyst reports. Barclays reissued a “hold” rating and issued a $25.00 target price on shares of Duke Realty in a report on Tuesday, April 17th. ValuEngine lowered Duke Realty from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Bank of America raised Duke Realty from a “neutral” rating to a “buy” rating in a report on Tuesday, May 1st. Zacks Investment Research lowered Duke Realty from a “buy” rating to a “hold” rating in a report on Thursday, May 3rd. Finally, JPMorgan Chase raised Duke Realty from an “underweight” rating to a “neutral” rating in a report on Tuesday, March 27th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Duke Realty currently has an average rating of “Buy” and an average price target of $29.64.

Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 146 million rentable square feet of industrial assets in 21 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index. More information about Duke Realty Corporation is available at www.dukerealty.com.

Institutional Ownership by Quarter for Duke Realty (NYSE:DRE)

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