Capital Investment Advisors LLC Increases Stock Position in Duke Realty Co. (NYSE:DRE)

Capital Investment Advisors LLC lifted its holdings in shares of Duke Realty Co. (NYSE:DREGet Rating) by 16.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 148,590 shares of the real estate investment trust’s stock after buying an additional 21,402 shares during the period. Capital Investment Advisors LLC’s holdings in Duke Realty were worth $8,627,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Duke Realty by 3.9% during the 4th quarter. BlackRock Inc. now owns 38,729,322 shares of the real estate investment trust’s stock valued at $2,542,194,000 after acquiring an additional 1,450,374 shares in the last quarter. State Street Corp lifted its holdings in shares of Duke Realty by 7.5% during the 4th quarter. State Street Corp now owns 23,937,429 shares of the real estate investment trust’s stock valued at $1,571,253,000 after acquiring an additional 1,670,865 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Duke Realty by 6.5% during the 4th quarter. Invesco Ltd. now owns 12,744,701 shares of the real estate investment trust’s stock valued at $836,562,000 after acquiring an additional 779,499 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Duke Realty by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 7,841,286 shares of the real estate investment trust’s stock valued at $513,484,000 after acquiring an additional 263,157 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Duke Realty during the 4th quarter valued at $446,572,000. Institutional investors and hedge funds own 96.91% of the company’s stock.

Several equities analysts recently weighed in on DRE shares. Wells Fargo & Company reduced their target price on shares of Duke Realty from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Monday, June 6th. StockNews.com started coverage on shares of Duke Realty in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Mizuho cut their price objective on shares of Duke Realty from $65.00 to $58.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Truist Financial cut their price objective on shares of Duke Realty from $63.00 to $56.00 and set a “hold” rating on the stock in a report on Tuesday, May 31st. Finally, BMO Capital Markets upgraded shares of Duke Realty from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $68.00 to $65.00 in a report on Monday, May 16th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Duke Realty currently has a consensus rating of “Hold” and a consensus target price of $59.60.

Shares of NYSE:DRE opened at $54.04 on Thursday. The company has a 50 day moving average of $53.75 and a 200-day moving average of $56.65. The firm has a market cap of $20.78 billion, a P/E ratio of 20.09, a P/E/G ratio of 3.55 and a beta of 0.74. Duke Realty Co. has a twelve month low of $47.03 and a twelve month high of $66.22. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.58.

Duke Realty (NYSE:DREGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.46. The company had revenue of $275.20 million during the quarter, compared to analyst estimates of $266.97 million. Duke Realty had a net margin of 93.39% and a return on equity of 17.47%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. Equities research analysts forecast that Duke Realty Co. will post 1.92 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, May 13th. Duke Realty’s dividend payout ratio is currently 41.64%.

About Duke Realty (Get Rating)

Duke Realty Corporation owns and operates approximately 159 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 a member of the S&P 500 Index.

See Also

Want to see what other hedge funds are holding DRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Realty Co. (NYSE:DREGet Rating).

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

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