Optimal Asset Management Inc. lifted its position in Duke Realty Corp (NYSE:DRE) by 34.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,240 shares of the real estate investment trust’s stock after acquiring an additional 15,593 shares during the quarter. Optimal Asset Management Inc.’s holdings in Duke Realty were worth $1,983,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Archer Investment Corp bought a new stake in shares of Duke Realty in the fourth quarter valued at about $3,483,000. AXA raised its holdings in shares of Duke Realty by 6.8% in the fourth quarter. AXA now owns 762,008 shares of the real estate investment trust’s stock valued at $26,419,000 after acquiring an additional 48,286 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Duke Realty by 6,400.0% in the first quarter. Rockefeller Capital Management L.P. now owns 10,400 shares of the real estate investment trust’s stock valued at $337,000 after acquiring an additional 10,240 shares in the last quarter. Jane Street Group LLC bought a new position in Duke Realty in the first quarter worth about $2,169,000. Finally, Xact Kapitalforvaltning AB raised its holdings in Duke Realty by 3.7% in the first quarter. Xact Kapitalforvaltning AB now owns 119,459 shares of the real estate investment trust’s stock worth $3,868,000 after purchasing an additional 4,314 shares in the last quarter. Hedge funds and other institutional investors own 97.19% of the company’s stock.

NYSE DRE traded up $0.01 during trading hours on Friday, reaching $35.05. The stock had a trading volume of 37,536 shares, compared to its average volume of 2,958,243. The stock has a fifty day moving average of $34.39 and a 200 day moving average of $34.29. The stock has a market cap of $12.74 billion, a P/E ratio of 31.52, a price-to-earnings-growth ratio of 5.64 and a beta of 0.65. Duke Realty Corp has a 52-week low of $25.19 and a 52-week high of $38.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.97 and a current ratio of 1.97.

Duke Realty (NYSE:DRE) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.05). The firm had revenue of $218.76 million during the quarter, compared to analysts’ expectations of $218.56 million. Duke Realty had a net margin of 43.19% and a return on equity of 8.14%. Duke Realty’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. On average, equities research analysts forecast that Duke Realty Corp will post 1.43 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were given a $0.235 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.94 dividend on an annualized basis and a yield of 2.68%. Duke Realty’s dividend payout ratio is currently 65.28%.

In related news, CFO Mark A. Denien sold 4,881 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $37.16, for a total value of $181,377.96. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.33% of the stock is owned by corporate insiders.

A number of equities analysts have commented on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $32.00 target price on shares of Duke Realty in a report on Wednesday, April 29th. Royal Bank of Canada restated a “hold” rating and set a $37.00 price objective on shares of Duke Realty in a report on Wednesday, May 6th. Stifel Nicolaus upped their price objective on shares of Duke Realty from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, May 1st. Robert W. Baird upped their price objective on shares of Duke Realty from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Duke Realty from $38.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $36.35.

About Duke Realty

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

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