Raymond James Financial Services Advisors Inc. Acquires 500 Shares of Duke Realty Co. (NYSE:DRE)

Raymond James Financial Services Advisors Inc. raised its position in shares of Duke Realty Co. (NYSE:DREGet Rating) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,872 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Duke Realty were worth $2,896,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Handelsbanken Fonder AB grew its stake in shares of Duke Realty by 3.7% during the 1st quarter. Handelsbanken Fonder AB now owns 122,534 shares of the real estate investment trust’s stock valued at $7,114,000 after purchasing an additional 4,340 shares during the period. State of Tennessee Treasury Department grew its stake in shares of Duke Realty by 33.0% during the 1st quarter. State of Tennessee Treasury Department now owns 772,345 shares of the real estate investment trust’s stock valued at $44,842,000 after purchasing an additional 191,712 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Duke Realty during the 1st quarter valued at about $140,000. JPMorgan Chase & Co. grew its stake in shares of Duke Realty by 4.0% during the 1st quarter. JPMorgan Chase & Co. now owns 2,443,969 shares of the real estate investment trust’s stock valued at $141,897,000 after purchasing an additional 94,118 shares during the period. Finally, South Dakota Investment Council bought a new stake in shares of Duke Realty during the 1st quarter valued at about $2,011,000. 95.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Duke Realty

In other Duke Realty news, CFO Mark A. Denien sold 140,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $62.13, for a total value of $8,698,200.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Duke Realty news, CFO Mark A. Denien sold 140,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $62.13, for a total value of $8,698,200.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Steven W. Schnur sold 4,431 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $62.19, for a total value of $275,563.89. Following the completion of the transaction, the chief operating officer now directly owns 2,006 shares in the company, valued at approximately $124,753.14. The disclosure for this sale can be found here. Insiders have sold 147,138 shares of company stock valued at $9,149,800 in the last quarter. 0.44% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DRE shares. Mizuho lowered their price objective on Duke Realty from $65.00 to $58.00 and set a “na” rating on the stock in a research report on Tuesday, May 17th. Robert W. Baird cut Duke Realty from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $78.00 to $74.00 in a research report on Thursday, July 14th. Edward Jones cut Duke Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Wells Fargo & Company lifted their price objective on Duke Realty from $56.00 to $64.00 and gave the company an “equal weight” rating in a research report on Thursday, August 11th. Finally, Truist Financial lowered their price target on Duke Realty from $63.00 to $56.00 and set a “hold” rating on the stock in a report on Tuesday, May 31st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.78.

Duke Realty Stock Performance

NYSE DRE opened at $57.71 on Monday. The company has a market cap of $22.22 billion, a P/E ratio of 23.18, a P/E/G ratio of 4.02 and a beta of 0.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.23 and a current ratio of 1.23. The business’s 50 day moving average price is $59.84 and its 200-day moving average price is $56.47. Duke Realty Co. has a fifty-two week low of $47.12 and a fifty-two week high of $66.22.

Duke Realty (NYSE:DREGet Rating) last released its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). The company had revenue of $280.15 million for the quarter, compared to the consensus estimate of $279.80 million. Duke Realty had a net margin of 85.63% and a return on equity of 15.66%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. Sell-side analysts predict that Duke Realty Co. will post 1.91 earnings per share for the current year.

Duke Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.94%. The ex-dividend date is Wednesday, September 14th. Duke Realty’s dividend payout ratio (DPR) is presently 44.98%.

About Duke Realty

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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.

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

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