Trade Report: Today, Duke Realty Corp. (DRE) Position Decreased by Oregon Public Employees Retirement Fund

Today, Duke Realty Corp. (DRE) Position Decreased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its stake in shares of Duke Realty Corp. (NYSE:DRE) by 9.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 119,930 shares of the real estate investment trust’s stock after selling 12,789 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Duke Realty Corp. were worth $3,278,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. CIBC Asset Management Inc boosted its stake in shares of Duke Realty Corp. by 0.7% in the second quarter. CIBC Asset Management Inc now owns 21,290 shares of the real estate investment trust’s stock valued at $568,000 after buying an additional 146 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Duke Realty Corp. by 1.0% in the second quarter. Glenmede Trust Co. NA now owns 15,787 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 156 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of 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 in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Duke Realty Corp. by 2.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 8,787 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 232 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Duke Realty Corp. by 0.8% in the second quarter. Capstone Asset Management Co. now owns 29,796 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.

Shares of Duke Realty Corp. (NYSE:DRE) traded up 1.60% during midday trading on Monday, hitting $25.38. 3,692,031 shares of the stock traded hands. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 30.88 and a beta of 1.02. The stock has a 50-day moving average of $25.07 and a 200-day moving average of $26.13. Duke Realty Corp. has a 52-week low of $18.52 and a 52-week high of $28.99.

Duke Realty Corp. (NYSE:DRE) last posted its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The firm had revenue of $226.19 million for the quarter, compared to the consensus estimate of $201.81 million. Duke Realty Corp. had a net margin of 32.10% and a return on equity of 8.46%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. On average, equities analysts predict that Duke Realty Corp. will post $1.20 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, November 14th. This is an increase from Duke Realty Corp.’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 2.99%. Duke Realty Corp.’s payout ratio is 92.68%.

Several equities analysts recently commented on DRE shares. Mizuho cut their price target on shares of Duke Realty Corp. from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, October 28th. Royal Bank Of Canada upped their price target on shares of Duke Realty Corp. from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, August 1st. Stifel Nicolaus upped their price target on shares of Duke Realty Corp. from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Morgan Stanley reiterated a “buy” rating and set a $31.00 price target on shares of Duke Realty Corp. in a report on Wednesday, September 7th. Finally, BTIG Research started coverage on shares of Duke Realty Corp. in a report on Thursday, August 25th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Duke Realty Corp. has a consensus rating of “Hold” and an average price target of $27.15.

Duke Realty Corp. Company Profile

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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