Amalgamated Bank Has $5.54 Million Position in Duke Realty Co. (NYSE:DRE)

Amalgamated Bank reduced its holdings in Duke Realty Co. (NYSE:DREGet Rating) by 6.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 95,495 shares of the real estate investment trust’s stock after selling 6,791 shares during the period. Amalgamated Bank’s holdings in Duke Realty were worth $5,544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its position in Duke Realty by 0.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 30,595 shares of the real estate investment trust’s stock worth $1,776,000 after buying an additional 200 shares during the period. Commonwealth Equity Services LLC grew its position in Duke Realty by 1.0% in the first quarter. Commonwealth Equity Services LLC now owns 22,399 shares of the real estate investment trust’s stock valued at $1,300,000 after acquiring an additional 219 shares during the period. Greenleaf Trust grew its position in Duke Realty by 4.4% in the first quarter. Greenleaf Trust now owns 5,710 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 239 shares during the period. Rosenberg Matthew Hamilton grew its position in Duke Realty by 16.9% in the first quarter. Rosenberg Matthew Hamilton now owns 1,730 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 250 shares during the period. Finally, Sheaff Brock Investment Advisors LLC grew its position in Duke Realty by 0.6% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 43,984 shares of the real estate investment trust’s stock valued at $2,553,000 after acquiring an additional 282 shares during the period. 95.44% of the stock is owned by institutional investors.

Insider Activity at Duke Realty

In related news, CFO Mark A. Denien sold 140,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $62.13, for a total value of $8,698,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Duke Realty news, CFO Mark A. Denien sold 140,000 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steven W. Schnur sold 2,707 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $65.03, for a total value of $176,036.21. Following the completion of the sale, the chief operating officer now owns 6,437 shares of the company’s stock, valued at $418,598.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,138 shares of company stock worth $9,149,800. 0.44% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wells Fargo & Company boosted their price objective on Duke Realty from $56.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 11th. Truist Financial reduced their price objective on Duke Realty from $63.00 to $56.00 and set a “hold” rating on the stock in a research note on Tuesday, May 31st. Robert W. Baird lowered Duke Realty from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $78.00 to $74.00 in a research note on Thursday, July 14th. Finally, Edward Jones lowered Duke Realty from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Duke Realty presently has a consensus rating of “Hold” and a consensus price target of $63.75.

Duke Realty Trading Down 0.8 %

NYSE DRE opened at $53.47 on Tuesday. The stock has a 50-day simple moving average of $60.27 and a 200 day simple moving average of $56.94. The company has a market capitalization of $20.59 billion, a PE ratio of 21.47, a P/E/G ratio of 3.60 and a beta of 0.72. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.61. Duke Realty Co. has a 12 month low of $47.12 and a 12 month high of $66.22.

Duke Realty (NYSE:DREGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). The company had revenue of $280.15 million during 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 company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. Research analysts forecast that Duke Realty Co. will post 1.91 EPS for the current year.

Duke Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.12 dividend on an annualized basis and a yield of 2.09%. Duke Realty’s dividend payout ratio is presently 44.98%.

Duke Realty Profile

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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.

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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