Duke Realty Corp (NYSE:DRE) Director Melanie R. Sabelhaus sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $30.89, for a total value of $154,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Duke Realty stock opened at $30.57 on Friday. The stock has a market capitalization of $10.98 billion, a PE ratio of 22.98, a PEG ratio of 4.51 and a beta of 0.76. Duke Realty Corp has a one year low of $24.67 and a one year high of $31.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.50 and a current ratio of 2.50.

Duke Realty (NYSE:DRE) last issued its quarterly earnings results on Wednesday, January 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.17). The firm had revenue of $202.86 million during the quarter, compared to the consensus estimate of $200.75 million. Duke Realty had a net margin of 40.48% and a return on equity of 8.02%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. Analysts predict that Duke Realty Corp will post 1.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th were issued a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, February 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.81%. Duke Realty’s dividend payout ratio (DPR) is 64.66%.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc lifted its holdings in shares of Duke Realty by 0.4% in the third 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 in the last quarter. BlackRock Inc. raised its holdings in Duke Realty by 1.9% during the fourth quarter. BlackRock Inc. now owns 39,591,883 shares of the real estate investment trust’s stock worth $1,025,429,000 after acquiring an additional 734,164 shares in the last quarter. Boston Partners raised its holdings in Duke Realty by 2.6% during the fourth quarter. Boston Partners now owns 7,412,866 shares of the real estate investment trust’s stock worth $191,994,000 after acquiring an additional 190,422 shares in the last quarter. PGGM Investments raised its holdings in Duke Realty by 24.4% during the fourth quarter. PGGM Investments now owns 6,727,800 shares of the real estate investment trust’s stock worth $174,250,000 after acquiring an additional 1,320,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Duke Realty by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 6,044,402 shares of the real estate investment trust’s stock worth $156,339,000 after acquiring an additional 473,385 shares in the last quarter. Institutional investors own 92.94% of the company’s stock.

DRE has been the subject of a number of research analyst reports. BTIG Research raised Duke Realty from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 8th. BMO Capital Markets reissued a “buy” rating and issued a $30.00 target price on shares of Duke Realty in a research note on Wednesday, January 30th. SunTrust Banks raised Duke Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. Barclays reissued a “hold” rating and issued a $28.00 target price on shares of Duke Realty in a research note on Thursday, February 14th. Finally, Wells Fargo & Co raised Duke Realty from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $33.00 in a research note on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average 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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Insider Buying and Selling by Quarter for Duke Realty (NYSE:DRE)

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