Saturna Capital CORP acquired a new position in Duke Realty Corp (NYSE:DRE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,800 shares of the real estate investment trust’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in Duke Realty by 8.7% in the first quarter. Principal Financial Group Inc. now owns 7,246,115 shares of the real estate investment trust’s stock worth $221,586,000 after purchasing an additional 577,829 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Duke Realty by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 6,044,402 shares of the real estate investment trust’s stock valued at $156,339,000 after acquiring an additional 473,385 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Duke Realty by 434.8% during the first quarter. Centersquare Investment Management LLC now owns 4,789,011 shares of the real estate investment trust’s stock valued at $146,448,000 after acquiring an additional 3,893,531 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Duke Realty by 21.0% during the first quarter. California Public Employees Retirement System now owns 2,119,847 shares of the real estate investment trust’s stock valued at $64,825,000 after acquiring an additional 367,919 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Duke Realty by 1.3% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,789,399 shares of the real estate investment trust’s stock valued at $54,720,000 after acquiring an additional 22,130 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Shares of Duke Realty stock traded down $0.35 during trading on Wednesday, hitting $32.81. 66,282 shares of the company’s stock traded hands, compared to its average volume of 1,989,947. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.60. Duke Realty Corp has a 1 year low of $24.67 and a 1 year high of $33.83. The stock has a market cap of $11.93 billion, a PE ratio of 24.65, a P/E/G ratio of 5.29 and a beta of 0.73. The stock has a 50-day simple moving average of $32.78.

Duke Realty (NYSE:DRE) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.15). Duke Realty had a net margin of 23.14% and a return on equity of 4.82%. The business had revenue of $213.11 million for the quarter, compared to analysts’ expectations of $212.46 million. During the same period last year, the business earned $0.54 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Research analysts expect that Duke Realty Corp will post 1.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be given a dividend of $0.215 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.62%. Duke Realty’s dividend payout ratio (DPR) is presently 64.66%.

In related news, EVP Nicholas C. Anthony sold 7,806 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.61, for a total transaction of $254,553.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.29% of the company’s stock.

Several equities analysts have recently weighed in on DRE shares. Stifel Nicolaus raised their price target on Duke Realty from $34.00 to $36.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Goldman Sachs Group started coverage on Duke Realty in a report on Wednesday, May 15th. They set a “buy” rating and a $33.00 price target for the company. Zacks Investment Research downgraded Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a report on Wednesday, June 19th. Scotiabank upgraded Duke Realty from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Finally, Bank of America downgraded Duke Realty from a “buy” rating to a “neutral” rating and set a $30.81 price target for the company. in a report on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $38.35.

Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 153 million rentable square feet of industrial assets in 20 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.

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

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