Duke Realty Corp (DRE) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lowered its position in shares of Duke Realty Corp (NYSE:DRE) by 8.1% during the first quarter, Holdings Channel reports. The fund owned 8,605 shares of the real estate investment trust’s stock after selling 760 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Duke Realty Corp were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Shell Asset Management Co. increased its position in shares of Duke Realty Corp by 140.9% in the third quarter. Shell Asset Management Co. now owns 34,167 shares of the real estate investment trust’s stock worth $934,000 after buying an additional 19,982 shares during the last quarter. DnB Asset Management AS increased its position in shares of Duke Realty Corp by 5.8% in the third quarter. DnB Asset Management AS now owns 20,042 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 1,100 shares during the last quarter. World Asset Management Inc increased its position in shares of Duke Realty Corp by 22.3% in the third quarter. World Asset Management Inc now owns 32,488 shares of the real estate investment trust’s stock worth $888,000 after buying an additional 5,934 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Duke Realty Corp by 3.0% in the third quarter. Mutual of America Capital Management LLC now owns 353,302 shares of the real estate investment trust’s stock worth $9,656,000 after buying an additional 10,167 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its position in shares of Duke Realty Corp by 2.6% in the third quarter. Sit Investment Associates Inc. now owns 464,450 shares of the real estate investment trust’s stock worth $12,693,000 after buying an additional 11,825 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Duke Realty Corp (NYSE:DRE) traded up 0.95% during mid-day trading on Friday, hitting $28.57. 5,399,315 shares of the stock were exchanged. The firm has a market cap of $10.16 billion, a P/E ratio of 30.01 and a beta of 0.93. Duke Realty Corp has a 12 month low of $22.97 and a 12 month high of $28.99. The stock’s 50 day moving average is $27.68 and its 200 day moving average is $26.10.

Duke Realty Corp (NYSE:DRE) last announced its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $227.30 million for the quarter, compared to analyst estimates of $204.47 million. Duke Realty Corp had a return on equity of 9.27% and a net margin of 34.60%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. Analysts expect that Duke Realty Corp will post $0.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 16th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, May 12th. This represents a $0.76 annualized dividend and a dividend yield of 2.69%. Duke Realty Corp’s dividend payout ratio is currently 86.36%.

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A number of research analysts have issued reports on DRE shares. Barclays PLC reduced their price objective on shares of Duke Realty Corp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, January 23rd. Stifel Nicolaus reduced their price objective on shares of Duke Realty Corp from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, January 27th. Mizuho raised shares of Duke Realty Corp from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $27.00 to $28.00 in a research report on Monday, February 6th. They noted that the move was a valuation call. BMO Capital Markets reissued a “hold” rating and set a $28.00 price objective on shares of Duke Realty Corp in a research report on Monday, March 20th. Finally, Bank of America Corp raised shares of Duke Realty Corp from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $30.00 in a research report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. Duke Realty Corp currently has a consensus rating of “Buy” and an average target price of $28.58.

In other Duke Realty Corp news, Director Charles R. Eitel sold 5,246 shares of Duke Realty Corp stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $25.52, for a total value of $133,877.92. Following the transaction, the director now owns 4,949 shares in the company, valued at $126,298.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack R. Shaw sold 4,803 shares of Duke Realty Corp stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $27.57, for a total value of $132,418.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,549 shares of company stock worth $336,922. Insiders own 0.40% of the company’s stock.

About Duke Realty Corp

Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments.

5 Day Chart for NYSE:DRE

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