Hartford Investment Management Co. trimmed its stake in shares of Duke Realty Co. (NYSE: DRE – Get Rating) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,934 shares of the real estate investment trust’s stock after selling 2,865 shares during the quarter. Hartford Investment Management Co.’s holdings in Duke Realty were worth $ 2,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Duke Realty by 14.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,122 shares of the real estate investment trust’s stock worth $ 4,143,000 after purchasing an additional 7,797 shares during the last quarter. Atria Investments LLC acquired a new stake in shares of Duke Realty during the fourth quarter worth $ 1,481,000. Los Angeles Capital Management LLC raised its stake in Duke Realty by 336.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 45,451 shares of the real estate investment trust’s stock worth $ 2,983,000 after buying an additional 35,035 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Duke Realty by 14.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 267,205 shares of the real estate investment trust’s stock valued at $ 17,539,000 after buying an additional 32,903 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in Duke Realty by 49.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 42,500 shares of the real estate investment trust’s stock valued at $ 2,790,000 after buying an additional 14,000 shares during the period. 96.91% of the stock is currently owned by institutional investors.
Shares of DRE stock opened at $ 56.20 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $ 53.22 and a two-hundred day simple moving average of $ 56.33. Duke Realty Co. has a 12 month low of $ 47.12 and a 12 month high of $ 66.22. The firm has a market capitalization of $ 21.61 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 3.79 and a beta of 0.67.
Duke Realty (NYSE: DRE – Get Rating) last posted its earnings results on Wednesday, April 27th. The real estate investment trust reported $ 0.65 EPS for the quarter, topping the consensus estimate of $ 0.19 by $ 0.46. Duke Realty had a net margin of 93.39% and a return on equity of 17.47%. The company had revenue of $ 275.20 million during the quarter, compared to the consensus estimate of $ 266.97 million. During the same period in the previous year, the firm posted $ 0.39 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts predict that Duke Realty Co. will post 1.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th were issued a dividend of $ 0.28 per share. This represents a $ 1.12 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Friday, May 13th. Duke Realty’s dividend payout ratio is currently 41.64%.
DRE has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Duke Realty in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Edward Jones cut Duke Realty from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. BMO Capital Markets raised shares of Duke Realty from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $ 68.00 to $ 65.00 in a research report on Monday, May 16th. Mizuho dropped their target price on shares of Duke Realty from $ 65.00 to $ 58.00 and set a “na” rating on the stock in a research report on Tuesday, May 17th. Finally, Truist Financial cut their target price on shares of Duke Realty from $ 63.00 to $ 56.00 and set a “hold” rating on the stock in a research note on Tuesday, May 31st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $ 59.60.
Duke Realty Company Profile (Get Rating)
Duke Realty Corporation owns and operates approximately 159 million profitable 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 a member of the S&P 500 Index.
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