Orion Portfolio Solutions LLC bought a new stake in shares of Duke Realty Corp (NYSE:DRE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,937 shares of the real estate investment trust’s stock, valued at approximately $67,000.
Other institutional investors have also recently made changes to their positions in the company. Spirit of America Management Corp NY acquired a new stake in Duke Realty during the 4th quarter worth $35,000. Parallel Advisors LLC boosted its holdings in shares of Duke Realty by 169.5% during the 4th quarter. Parallel Advisors LLC now owns 1,070 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 673 shares during the last quarter. CSat Investment Advisory L.P. boosted its holdings in shares of Duke Realty by 21.7% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,608 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 287 shares during the last quarter. Huntington National Bank grew its position in shares of Duke Realty by 33.1% in the fourth quarter. Huntington National Bank now owns 3,904 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 970 shares in the last quarter. Finally, Crabel Capital Management LLC purchased a new stake in shares of Duke Realty in the fourth quarter valued at approximately $184,000. 95.72% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on DRE. Morgan Stanley raised their target price on Duke Realty from $31.50 to $33.50 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. BMO Capital Markets downgraded shares of Duke Realty from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $35.00 to $36.00 in a research note on Tuesday, January 7th. Finally, BTIG Research downgraded shares of Duke Realty from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Duke Realty presently has a consensus rating of “Hold” and an average price target of $39.92.
Shares of NYSE DRE traded up $2.12 during mid-day trading on Thursday, reaching $30.64. 2,476,717 shares of the company’s stock were exchanged, compared to its average volume of 2,876,599. The company’s 50-day moving average is $33.91 and its 200-day moving average is $34.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 4.75 and a beta of 0.81. Duke Realty Corp has a 52-week low of $25.19 and a 52-week high of $38.88.
Duke Realty (NYSE:DRE) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.10. Duke Realty had a net margin of 44.05% and a return on equity of 8.80%. The company had revenue of $217.40 million for the quarter, compared to analysts’ expectations of $216.62 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. Duke Realty’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts predict that Duke Realty Corp will post 1.5 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.235 dividend. The ex-dividend date was Thursday, February 13th. This represents a $0.94 annualized dividend and a yield of 3.07%. Duke Realty’s dividend payout ratio (DPR) is presently 65.28%.
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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