Duke Realty Corporation (DRE) Position Held by CIBC Asset Management Inc

CIBC Asset Management Inc maintained its stake in Duke Realty Corporation (NYSE:DRE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,311 shares of the real estate investment trust’s stock at the end of the second quarter. CIBC Asset Management Inc’s holdings in Duke Realty Corporation were worth $540,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in Duke Realty Corporation by 9.6% in the first quarter. Toronto Dominion Bank now owns 3,881 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 341 shares during the last quarter. First Personal Financial Services increased its stake in Duke Realty Corporation by 117.6% in the first quarter. First Personal Financial Services now owns 3,885 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 2,100 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in Duke Realty Corporation during the first quarter valued at approximately $132,000. Global X Management Co. LLC increased its stake in Duke Realty Corporation by 45.2% in the first quarter. Global X Management Co. LLC now owns 5,562 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 1,732 shares during the last quarter. Finally, Franklin Parlapiano Turner & Welch LLC acquired a new stake in Duke Realty Corporation during the first quarter valued at approximately $148,000. Institutional investors own 92.52% of the company’s stock.

Shares of Duke Realty Corporation (NYSE DRE) opened at 28.86 on Wednesday. Duke Realty Corporation has a 1-year low of $22.97 and a 1-year high of $29.25. The company has a market capitalization of $10.27 billion, a P/E ratio of 7.11 and a beta of 0.94. The firm’s 50 day moving average price is $28.18 and its 200-day moving average price is $27.28.

Duke Realty Corporation (NYSE:DRE) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. Duke Realty Corporation had a return on equity of 8.72% and a net margin of 166.06%. The firm had revenue of $165.84 million during the quarter, compared to analysts’ expectations of $185.25 million. During the same period last year, the business posted $0.30 earnings per share. Analysts expect that Duke Realty Corporation will post $3.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Wednesday, August 16th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, August 14th. Duke Realty Corporation’s payout ratio is 18.86%.

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Several equities research analysts recently commented on the company. BidaskClub upgraded Duke Realty Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Stifel Nicolaus lifted their price objective on Duke Realty Corporation from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Bank of America Corporation downgraded Duke Realty Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $32.00 to $30.00 in a report on Friday, June 23rd. Barclays PLC lifted their price objective on Duke Realty Corporation from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 19th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $30.00 price objective on shares of Duke Realty Corporation in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Duke Realty Corporation currently has an average rating of “Hold” and a consensus target price of $28.73.

In other news, EVP Peter D. Harrington sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $28.87, for a total value of $866,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

Duke Realty Corporation 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.