Nisa Investment Advisors LLC Has $3.07 Million Stock Position in Duke Realty Corp (NYSE:DRE)

Nisa Investment Advisors LLC raised its holdings in shares of Duke Realty Corp (NYSE:DRE) by 15.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,253 shares of the real estate investment trust’s stock after purchasing an additional 13,368 shares during the period. Nisa Investment Advisors LLC’s holdings in Duke Realty were worth $3,074,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. PGGM Investments raised its stake in Duke Realty by 106.7% during the first quarter. PGGM Investments now owns 13,903,143 shares of the real estate investment trust’s stock worth $425,158,000 after acquiring an additional 7,175,343 shares in the last quarter. Principal Financial Group Inc. raised its stake in Duke Realty by 8.7% during the first quarter. Principal Financial Group Inc. now owns 7,246,115 shares of the real estate investment trust’s stock worth $221,586,000 after acquiring an additional 577,829 shares in the last quarter. Geode Capital Management LLC raised its stake in Duke Realty by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 6,044,402 shares of the real estate investment trust’s stock worth $156,339,000 after acquiring an additional 473,385 shares in the last quarter. Centersquare Investment Management LLC raised its stake in Duke Realty by 434.8% during the first quarter. Centersquare Investment Management LLC now owns 4,789,011 shares of the real estate investment trust’s stock worth $146,448,000 after acquiring an additional 3,893,531 shares in the last quarter. Finally, Norges Bank acquired a new position in Duke Realty during the fourth quarter worth $93,469,000. Hedge funds and other institutional investors own 93.53% of the company’s stock.

In other news, EVP Peter D. Harrington sold 10,297 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Nicholas C. Anthony sold 7,806 shares of Duke Realty stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.61, for a total value of $254,553.66. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Several research analysts have issued reports on DRE shares. Stifel Nicolaus increased their price objective on Duke Realty from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Scotiabank upgraded Duke Realty from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Zacks Investment Research lowered Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research note on Wednesday, June 19th. Goldman Sachs Group began coverage on Duke Realty in a research note on Wednesday, May 15th. They issued a “buy” rating and a $33.00 target price for the company. Finally, Bank of America lowered Duke Realty from a “buy” rating to a “neutral” rating and set a $30.81 target price for the company. in a research note on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $38.35.

Duke Realty stock opened at $32.83 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.60. Duke Realty Corp has a 12-month low of $24.67 and a 12-month high of $33.83. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 5.16 and a beta of 0.73. The business’s 50-day simple moving average is $33.06 and its 200 day simple moving average is $31.25.

Duke Realty (NYSE:DRE) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ 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 the consensus estimate of $212.46 million. During the same quarter last year, the business posted $0.54 EPS. Duke Realty’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts expect that Duke Realty Corp will post 1.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, August 14th. Duke Realty’s dividend payout ratio is currently 64.66%.

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

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