State of Alaska Department of Revenue increased its stake in Duke Realty Corp (NYSE:DRE) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,146 shares of the real estate investment trust’s stock after purchasing an additional 24,910 shares during the quarter. State of Alaska Department of Revenue’s holdings in Duke Realty were worth $8,109,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Group Inc. increased its stake in Duke Realty by 0.3% in the 2nd quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 12 shares in the last quarter. Toronto Dominion Bank boosted its position in Duke Realty by 12.6% during the 2nd quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 488 shares during the period. Zeke Capital Advisors LLC acquired a new stake in Duke Realty during the 3rd quarter worth about $211,000. Synovus Financial Corp acquired a new stake in Duke Realty during the 3rd quarter worth about $212,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Duke Realty during the 3rd quarter worth about $228,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have commented on DRE. JPMorgan Chase & Co. lowered Duke Realty from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Tuesday, September 26th. Zacks Investment Research lowered Duke Realty from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Royal Bank of Canada lowered Duke Realty from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $29.00 to $31.00 in a research report on Wednesday, January 3rd. Morgan Stanley restated an “overweight” rating and set a $31.00 price objective on shares of Duke Realty in a research report on Thursday, December 14th. Finally, BMO Capital Markets set a $30.00 price objective on Duke Realty and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Duke Realty currently has a consensus rating of “Hold” and a consensus price target of $29.75.
Duke Realty (NYSE:DRE) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $169.61 million during the quarter, compared to analyst estimates of $168.75 million. Duke Realty had a return on equity of 6.36% and a net margin of 178.66%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. sell-side analysts anticipate that Duke Realty Corp will post 1.24 earnings per share for the current year.
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Duke Realty Company Profile
Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments.
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