Cipher Capital LP grew its holdings in Duke Realty Corporation (NYSE:DRE) by 178.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,557 shares of the real estate investment trust’s stock after purchasing an additional 49,726 shares during the quarter. Cipher Capital LP’s holdings in Duke Realty Corporation were worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in DRE. Brookfield Asset Management Inc. acquired a new position in shares of Duke Realty Corporation in the 2nd quarter valued at about $130,756,000. BlackRock Inc. lifted its stake in shares of Duke Realty Corporation by 8.6% in the 2nd quarter. BlackRock Inc. now owns 45,922,413 shares of the real estate investment trust’s stock valued at $1,283,532,000 after purchasing an additional 3,652,025 shares during the period. Boston Partners acquired a new position in shares of Duke Realty Corporation in the 3rd quarter valued at about $93,065,000. Daiwa Securities Group Inc. lifted its stake in shares of Duke Realty Corporation by 30.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,109,890 shares of the real estate investment trust’s stock valued at $226,671,000 after purchasing an additional 1,894,749 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Duke Realty Corporation by 355.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,886,452 shares of the real estate investment trust’s stock valued at $52,675,000 after purchasing an additional 1,472,089 shares during the period. 92.36% of the stock is currently owned by institutional investors.
Duke Realty Corporation (DRE) traded up $0.07 during mid-day trading on Tuesday, reaching $28.91. The company had a trading volume of 1,772,400 shares, compared to its average volume of 2,717,491. Duke Realty Corporation has a fifty-two week low of $23.93 and a fifty-two week high of $30.14. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.45. The firm has a market cap of $10,271.10, a P/E ratio of 23.07, a P/E/G ratio of 5.32 and a beta of 0.92.
Duke Realty Corporation (NYSE:DRE) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $169.61 million during the quarter, compared to analyst estimates of $168.75 million. Duke Realty Corporation had a return on equity of 6.36% and a net margin of 178.66%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. equities analysts predict that Duke Realty Corporation will post 1.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.20 per share. This is a positive change from Duke Realty Corporation’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, November 15th. Duke Realty Corporation’s payout ratio is currently 19.18%.
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A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Duke Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Robert W. Baird dropped their price objective on Duke Realty Corporation from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. BMO Capital Markets set a $30.00 price target on Duke Realty Corporation and gave the stock a “hold” rating in a research note on Wednesday, October 25th. J P Morgan Chase & Co downgraded Duke Realty Corporation from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Tuesday, September 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $31.00 price target on shares of Duke Realty Corporation in a research note on Thursday, September 21st. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Duke Realty Corporation presently has a consensus rating of “Hold” and an average target price of $29.55.
Duke Realty Corporation 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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