Trading Report: Today, Investment Counselors of Maryland LLC Buys 340 Shares of Duke Realty Corp. (DRE)

Today, Investment Counselors of Maryland LLC Buys 340 Shares of Duke Realty Corp. (DRE)

Investment Counselors of Maryland LLC raised its stake in Duke Realty Corp. (NYSE:DRE) by 5.4% during the third quarter, Holdings Channel reports. The firm owned 6,653 shares of the real estate investment trust’s stock after buying an additional 340 shares during the period. Investment Counselors of Maryland LLC’s holdings in Duke Realty Corp. were worth $182,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Howe & Rusling Inc. raised its position in Duke Realty Corp. by 193.2% in the second quarter. Howe & Rusling Inc. now owns 4,075 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 2,685 shares during the period. IFP Advisors Inc raised its position in Duke Realty Corp. by 167.1% in the second quarter. IFP Advisors Inc now owns 4,226 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 2,644 shares during the period. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in Duke Realty Corp. during the third quarter valued at about $161,000. Quadrant Capital Group LLC raised its position in Duke Realty Corp. by 2.5% in the second quarter. Quadrant Capital Group LLC now owns 6,365 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 157 shares during the period. Finally, Creative Planning raised its position in Duke Realty Corp. by 35.2% in the second quarter. Creative Planning now owns 7,185 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 1,870 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Shares of Duke Realty Corp. (NYSE:DRE) traded up 1.01% during midday trading on Friday, hitting $24.98. 1,391,351 shares of the company’s stock were exchanged. Duke Realty Corp. has a 52 week low of $18.52 and a 52 week high of $28.99. The company has a 50-day moving average of $25.11 and a 200-day moving average of $26.06. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 30.39 and a beta of 1.02.

Duke Realty Corp. (NYSE:DRE) last announced its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. Duke Realty Corp. had a net margin of 32.10% and a return on equity of 8.46%. The company had revenue of $226.19 million for the quarter, compared to analyst estimates of $201.81 million. During the same period in the prior year, the business earned $0.29 earnings per share. Duke Realty Corp.’s quarterly revenue was down 3.6% on a year-over-year basis. Equities research analysts expect that Duke Realty Corp. will post $1.20 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.04%. This is a positive change from Duke Realty Corp.’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, November 14th. Duke Realty Corp.’s dividend payout ratio is presently 92.68%.

Several research firms have issued reports on DRE. Zacks Investment Research upgraded shares of Duke Realty Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Monday, October 31st. RBC Capital Markets restated an “outperform” rating and issued a $28.00 price target (down previously from $30.00) on shares of Duke Realty Corp. in a research report on Tuesday. BTIG Research initiated coverage on shares of Duke Realty Corp. in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Royal Bank Of Canada decreased their price objective on shares of Duke Realty Corp. from $30.00 to $28.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Duke Realty Corp. in a research note on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.92.

About Duke Realty Corp.

Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial, medical office, office real estate investments and service operations. The Service operations segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures.

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