Ontario Teachers Pension Plan Board trimmed its position in shares of Duke Realty Corp (NYSE:DRE) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,823 shares of the real estate investment trust’s stock after selling 28,299 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Duke Realty were worth $3,152,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in DRE. Boston Partners bought a new stake in shares of Duke Realty during the 3rd quarter valued at $93,065,000. AEW Capital Management L P raised its position in shares of Duke Realty by 665.5% during the 4th quarter. AEW Capital Management L P now owns 2,462,600 shares of the real estate investment trust’s stock valued at $67,007,000 after purchasing an additional 2,140,900 shares during the period. BlackRock Inc. raised its position in shares of Duke Realty by 3.1% during the 4th quarter. BlackRock Inc. now owns 38,099,284 shares of the real estate investment trust’s stock valued at $1,036,682,000 after purchasing an additional 1,148,918 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Duke Realty by 11,053.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 780,718 shares of the real estate investment trust’s stock valued at $21,243,000 after purchasing an additional 773,718 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Duke Realty by 336.5% during the 3rd quarter. Schroder Investment Management Group now owns 953,029 shares of the real estate investment trust’s stock valued at $27,590,000 after purchasing an additional 734,693 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.
Several analysts have recently commented on DRE shares. Royal Bank of Canada downgraded shares of Duke Realty from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $29.00 to $31.00 in a research report on Wednesday, January 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $31.00 target price on shares of Duke Realty in a research note on Thursday, December 14th. Zacks Investment Research cut shares of Duke Realty from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. BMO Capital Markets reaffirmed a “hold” rating and set a $28.00 target price on shares of Duke Realty in a research note on Wednesday, January 31st. Finally, Citigroup raised shares of Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $29.82.
Duke Realty Corp (DRE) opened at $25.47 on Friday. The firm has a market cap of $9,092.54, a price-to-earnings ratio of 20.54, a P/E/G ratio of 4.60 and a beta of 0.77. Duke Realty Corp has a 52 week low of $24.48 and a 52 week high of $30.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 3.23 and a current ratio of 4.43.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.80 annualized dividend and a yield of 3.14%. Duke Realty’s payout ratio is 17.54%.
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Duke Realty Company 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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