Heitman Real Estate Securities LLC decreased its position in Duke Realty Corp (NYSE:DRE) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 827,334 shares of the real estate investment trust’s stock after selling 27,250 shares during the quarter. Heitman Real Estate Securities LLC’s holdings in Duke Realty were worth $22,512,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DRE. Boston Partners purchased a new stake in Duke Realty in the third quarter valued at approximately $93,065,000. AEW Capital Management L P raised its position in Duke Realty by 665.5% in the fourth quarter. AEW Capital Management L P now owns 2,462,600 shares of the real estate investment trust’s stock valued at $67,007,000 after purchasing an additional 2,140,900 shares during the period. BlackRock Inc. raised its position in Duke Realty by 3.1% in the fourth quarter. BlackRock Inc. now owns 38,099,284 shares of the real estate investment trust’s stock valued at $1,036,682,000 after purchasing an additional 1,148,918 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Duke Realty by 11,053.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 780,718 shares of the real estate investment trust’s stock valued at $21,243,000 after purchasing an additional 773,718 shares during the period. Finally, Schroder Investment Management Group raised its position in Duke Realty by 336.5% in the third quarter. Schroder Investment Management Group now owns 953,029 shares of the real estate investment trust’s stock valued at $27,590,000 after purchasing an additional 734,693 shares during the period. 93.03% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on the company. ValuEngine lowered Duke Realty from a “buy” rating to a “hold” rating in a research report on Wednesday. SunTrust Banks set a $27.00 target price on Duke Realty and gave the company a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research raised Duke Realty from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Robert W. Baird set a $32.00 target price on Duke Realty and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, DA Davidson reissued a “neutral” rating on shares of Duke Realty in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $29.82.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.11%. Duke Realty’s dividend payout ratio (DPR) is 17.54%.
In other Duke Realty news, Director Charles R. Eitel sold 5,242 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.96, for a total value of $130,840.32. Following the completion of the transaction, the director now owns 4,927 shares in the company, valued at $122,977.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.
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Duke Realty 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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