MetLife Investment Advisors LLC trimmed its holdings in Duke Realty Corp (NYSE:DRE) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,114 shares of the real estate investment trust’s stock after selling 356 shares during the period. MetLife Investment Advisors LLC’s holdings in Duke Realty were worth $3,123,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in shares of Duke Realty by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 57,237,534 shares of the real estate investment trust’s stock valued at $1,623,829,000 after purchasing an additional 213,531 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Duke Realty by 1.9% during the 4th quarter. BlackRock Inc. now owns 39,591,883 shares of the real estate investment trust’s stock valued at $1,025,429,000 after acquiring an additional 734,164 shares in the last quarter. PGGM Investments boosted its holdings in shares of Duke Realty by 106.7% during the 1st quarter. PGGM Investments now owns 13,903,143 shares of the real estate investment trust’s stock valued at $425,158,000 after acquiring an additional 7,175,343 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Duke Realty by 8.7% during the 1st quarter. Principal Financial Group Inc. now owns 7,246,115 shares of the real estate investment trust’s stock valued at $221,586,000 after acquiring an additional 577,829 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Duke Realty by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 6,044,402 shares of the real estate investment trust’s stock valued at $156,339,000 after acquiring an additional 473,385 shares in the last quarter. 93.81% of the stock is owned by institutional investors.
DRE has been the topic of several recent research reports. Scotiabank raised Duke Realty from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Goldman Sachs Group initiated coverage on Duke Realty in a report on Wednesday, May 15th. They set a “buy” rating and a $33.00 target price on the stock. Bank of America downgraded Duke Realty from a “buy” rating to a “neutral” rating and set a $30.81 target price on the stock. in a report on Thursday, May 16th. BTIG Research lifted their target price on Duke Realty from $73.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Zacks Investment Research downgraded Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Wednesday, June 19th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $36.18.Shares of Duke Realty stock opened at $32.61 on Monday. Duke Realty Corp has a one year low of $24.67 and a one year high of $32.69. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 4.79 and a beta of 0.73. The company has a 50-day moving average price of $31.28. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 2.38.
Duke Realty (NYSE:DRE) last issued its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Duke Realty had a return on equity of 7.37% and a net margin of 36.32%. The business had revenue of $209.97 million during the quarter, compared to analyst estimates of $205.45 million. During the same period in the previous year, the company posted $0.30 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, sell-side analysts predict that Duke Realty Corp will post 1.42 earnings per share for the current fiscal year.
Duke Realty 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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