Cambridge Investment Research Advisors Inc. increased its position in shares of Duke Realty Corp (NYSE:DRE) by 8.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,659 shares of the real estate investment trust’s stock after purchasing an additional 975 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Duke Realty were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DRE. Doyle Wealth Management purchased a new position in Duke Realty during the second quarter worth about $25,000. NumerixS Investment Technologies Inc purchased a new position in Duke Realty during the second quarter worth about $36,000. Steward Partners Investment Advisory LLC purchased a new position in Duke Realty during the second quarter worth about $38,000. CSat Investment Advisory L.P. raised its holdings in Duke Realty by 48.7% during the second quarter. CSat Investment Advisory L.P. now owns 1,338 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 438 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Duke Realty by 18.0% during the second quarter. Huntington National Bank now owns 2,934 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 448 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on DRE. Wells Fargo & Co increased their price target on shares of Duke Realty from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Morgan Stanley cut shares of Duke Realty from an “overweight” rating to an “equal weight” rating and set a $31.50 price target for the company. in a report on Monday, October 7th. Stifel Nicolaus increased their price target on shares of Duke Realty from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Zacks Investment Research lowered shares of Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research report on Wednesday, June 19th. Finally, ValuEngine lowered shares of Duke Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $38.26.
In other Duke Realty news, EVP Nicholas C. Anthony sold 7,806 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.61, for a total transaction of $254,553.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Peter D. Harrington sold 10,297 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was 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. Corporate insiders own 0.29% of the company’s stock.
Shares of DRE opened at $33.55 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average is $33.36 and its two-hundred day moving average is $32.05. Duke Realty Corp has a twelve month low of $24.67 and a twelve month high of $34.44. The firm has a market capitalization of $12.06 billion, a P/E ratio of 25.23, a PEG ratio of 5.28 and a beta of 0.70.
Duke Realty (NYSE:DRE) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.15). Duke Realty had a return on equity of 4.82% and a net margin of 23.14%. The company had revenue of $213.11 million for the quarter, compared to analyst estimates of $212.46 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Analysts predict that Duke Realty Corp will post 1.42 EPS for the current year.
Duke Realty Company 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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