Duke Realty Corp (NYSE:DRE) EVP Ann C. Dee sold 18,334 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $29.77, for a total value of $545,803.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Duke Realty stock opened at $30.77 on Wednesday. Duke Realty Corp has a 52 week low of $24.67 and a 52 week high of $31.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 2.50. The stock has a market cap of $11.02 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 4.51 and a beta of 0.76.
Duke Realty (NYSE:DRE) last posted its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.17). Duke Realty had a return on equity of 8.02% and a net margin of 40.48%. The business had revenue of $202.86 million for the quarter, compared to analysts’ expectations of $200.75 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Duke Realty’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Duke Realty Corp will post 1.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Thursday, February 14th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.79%. The ex-dividend date was Wednesday, February 13th. Duke Realty’s payout ratio is 64.66%.
Institutional investors and hedge funds have recently bought and sold shares of the company. WINTON GROUP Ltd boosted its holdings in shares of Duke Realty by 1,367.1% in the 3rd quarter. WINTON GROUP Ltd now owns 117,047 shares of the real estate investment trust’s stock worth $3,321,000 after purchasing an additional 109,069 shares in the last quarter. Strs Ohio boosted its holdings in shares of Duke Realty by 4.6% in the 4th quarter. Strs Ohio now owns 949,694 shares of the real estate investment trust’s stock worth $24,597,000 after purchasing an additional 41,548 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Duke Realty in the 3rd quarter worth about $103,000. TD Asset Management Inc. boosted its holdings in shares of Duke Realty by 0.5% in the 4th quarter. TD Asset Management Inc. now owns 108,721 shares of the real estate investment trust’s stock worth $2,816,000 after purchasing an additional 538 shares in the last quarter. Finally, Achmea Investment Management B.V. boosted its holdings in shares of Duke Realty by 4.6% in the 4th quarter. Achmea Investment Management B.V. now owns 99,346 shares of the real estate investment trust’s stock worth $2,573,000 after purchasing an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.
DRE has been the topic of a number of analyst reports. SunTrust Banks upgraded Duke Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. JPMorgan Chase & Co. upgraded Duke Realty from a “neutral” rating to an “overweight” rating in a research note on Wednesday, December 19th. Wells Fargo & Co upgraded Duke Realty from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $33.00 in a research note on Tuesday, December 11th. BMO Capital Markets upgraded Duke Realty from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 9th. Finally, BTIG Research upgraded Duke Realty from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Duke Realty has an average rating of “Buy” and a consensus target price of $30.38.
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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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