Green Street Investors LLC bought a new stake in shares of Duke Realty Corp. (NYSE:DRE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 273,100 shares of the real estate investment trust’s stock, valued at approximately $7,281,000. Duke Realty Corp. comprises 5.9% of Green Street Investors LLC’s investment portfolio, making the stock its 7th largest position.
Several other institutional investors also recently bought and sold shares of the stock. 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. Standard Life Investments LTD raised its position in Duke Realty Corp. by 172.1% in the second quarter. Standard Life Investments LTD now owns 616,213 shares of the real estate investment trust’s stock valued at $16,419,000 after buying an additional 389,725 shares during the period. Capital Fund Management S.A. raised its position in Duke Realty Corp. by 180.1% in the second quarter. Capital Fund Management S.A. now owns 25,329 shares of the real estate investment trust’s stock valued at $675,000 after buying an additional 16,285 shares during the period. American Century Companies Inc. raised its position in Duke Realty Corp. by 13.9% in the second quarter. American Century Companies Inc. now owns 2,552,284 shares of the real estate investment trust’s stock valued at $68,044,000 after buying an additional 311,160 shares during the period. Finally, UMB Bank N A MO bought a new position in Duke Realty Corp. during the second quarter valued at approximately $203,000. 95.86% of the stock is owned by institutional investors.
Duke Realty Corp. (NYSE:DRE) traded down 2.51% during midday trading on Wednesday, reaching $25.68. The company’s stock had a trading volume of 3,180,352 shares. Duke Realty Corp. has a 52-week low of $18.52 and a 52-week high of $28.99. The firm has a 50-day moving average price of $27.53 and a 200 day moving average price of $25.37. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 35.52 and a beta of 1.09.
Duke Realty Corp. (NYSE:DRE) last posted its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Duke Realty Corp. had a net margin of 27.88% and a return on equity of 7.51%. The firm earned $200.50 million during the quarter, compared to analyst estimates of $202.67 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts predict that Duke Realty Corp. will post $1.19 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. Mizuho assumed coverage on Duke Realty Corp. in a report on Wednesday, September 28th. They set a “neutral” rating and a $29.00 target price for the company. Morgan Stanley reaffirmed a “buy” rating and set a $31.00 target price on shares of Duke Realty Corp. in a report on Wednesday, September 7th. BTIG Research assumed coverage on Duke Realty Corp. in a report on Thursday, August 25th. They set a “neutral” rating for the company. Stifel Nicolaus upped their target price on Duke Realty Corp. from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $30.00 price objective (up from $24.00) on shares of Duke Realty Corp. in a research report on Monday, August 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.36.
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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