Duke Realty Corp (DRE) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

Share on StockTwits

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in shares of Duke Realty Corp (NYSE:DRE) by 49.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 190,975 shares of the real estate investment trust’s stock after selling 189,064 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.05% of Duke Realty worth $5,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quantitative Systematic Strategies LLC lifted its stake in shares of Duke Realty by 2.8% during the first quarter. Quantitative Systematic Strategies LLC now owns 67,577 shares of the real estate investment trust’s stock valued at $1,789,000 after acquiring an additional 1,817 shares during the period. Norinchukin Bank The lifted its stake in shares of Duke Realty by 7.5% during the fourth quarter. Norinchukin Bank The now owns 28,474 shares of the real estate investment trust’s stock valued at $775,000 after acquiring an additional 1,996 shares during the period. 6 Meridian lifted its stake in shares of Duke Realty by 14.8% during the first quarter. 6 Meridian now owns 17,999 shares of the real estate investment trust’s stock valued at $477,000 after acquiring an additional 2,322 shares during the period. Eaton Vance Management lifted its stake in shares of Duke Realty by 10.7% during the fourth quarter. Eaton Vance Management now owns 24,489 shares of the real estate investment trust’s stock valued at $666,000 after acquiring an additional 2,377 shares during the period. Finally, Global X Management Co. LLC lifted its stake in shares of Duke Realty by 20.4% during the first quarter. Global X Management Co. LLC now owns 15,738 shares of the real estate investment trust’s stock valued at $417,000 after acquiring an additional 2,667 shares during the period. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Morgan Stanley upped their price target on Duke Realty from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, June 14th. Zacks Investment Research lowered Duke Realty from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. Bank of America raised Duke Realty from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 1st. BMO Capital Markets set a $28.00 price target on Duke Realty and gave the company a “hold” rating in a research note on Wednesday, April 25th. Finally, ValuEngine raised Duke Realty from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $29.55.

Duke Realty opened at $28.28 on Wednesday, MarketBeat reports. Duke Realty Corp has a 1-year low of $24.30 and a 1-year high of $30.14. The company has a current ratio of 4.51, a quick ratio of 4.50 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 4.60 and a beta of 0.74.

Duke Realty (NYSE:DRE) last released its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.13. The firm had revenue of $234.60 million for the quarter, compared to analyst estimates of $184.19 million. Duke Realty had a return on equity of 5.98% and a net margin of 196.21%. The company’s quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. research analysts anticipate that Duke Realty Corp will post 1.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Wednesday, May 16th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Tuesday, May 15th. Duke Realty’s dividend payout ratio is currently 64.52%.

In other news, Director Melanie R. Sabelhaus sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $27.52, for a total transaction of $110,080.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

About Duke Realty

Duke Realty Corporation owns and operates approximately 146 million rentable square feet of industrial assets in 21 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. More information about Duke Realty Corporation is available at www.dukerealty.com.

Want to see what other hedge funds are holding DRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Realty Corp (NYSE:DRE).

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

Receive News & Ratings for Duke Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Realty and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply