Citadel Advisors LLC Acquires 775,269 Shares of Duke Realty Corp (NYSE:DRE)

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Citadel Advisors LLC lifted its holdings in Duke Realty Corp (NYSE:DRE) by 1,428.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 829,541 shares of the real estate investment trust’s stock after buying an additional 775,269 shares during the quarter. Citadel Advisors LLC owned about 0.23% of Duke Realty worth $26,222,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. NumerixS Investment Technologies Inc acquired a new stake in Duke Realty in the second quarter worth about $36,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Duke Realty in the 2nd quarter valued at approximately $38,000. Huntington National Bank grew its position in shares of Duke Realty by 18.0% in the 2nd quarter. Huntington National Bank now owns 2,934 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 448 shares during the period. Ibex Wealth Advisors acquired a new position in shares of Duke Realty in the 2nd quarter valued at approximately $103,000. Finally, Quantamental Technologies LLC acquired a new position in shares of Duke Realty in the 2nd quarter valued at approximately $173,000. 93.48% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Nicholas C. Anthony sold 7,806 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.61, for a total value of $254,553.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter D. Harrington sold 10,297 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $33.30, for a total transaction of $342,890.10. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Several brokerages recently issued reports on DRE. Zacks Investment Research lowered Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research report on Wednesday, June 19th. Scotiabank upgraded Duke Realty from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Finally, Stifel Nicolaus upped their price objective on Duke Realty from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Duke Realty currently has a consensus rating of “Buy” and an average price target of $38.35.

Shares of DRE traded down $0.01 during trading hours on Friday, hitting $33.35. 3,198,401 shares of the company were exchanged, compared to its average volume of 1,712,773. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 5.20 and a beta of 0.73. Duke Realty Corp has a fifty-two week low of $24.67 and a fifty-two week high of $33.83. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average is $33.02 and its 200 day moving average is $31.67.

Duke Realty (NYSE:DRE) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.15). The company had revenue of $213.11 million for the quarter, compared to analyst estimates of $212.46 million. Duke Realty had a return on equity of 4.82% and a net margin of 23.14%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. Analysts anticipate that Duke Realty Corp will post 1.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.215 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.58%. Duke Realty’s dividend payout ratio (DPR) is 64.66%.

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

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