Duke Realty Co. (NYSE:DRE) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. cut its holdings in Duke Realty Co. (NYSE:DREGet Rating) by 30.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,322 shares of the real estate investment trust’s stock after selling 2,309 shares during the period. J.W. Cole Advisors Inc.’s holdings in Duke Realty were worth $309,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DRE. HighTower Advisors LLC lifted its holdings in Duke Realty by 105.8% in the fourth quarter. HighTower Advisors LLC now owns 8,582 shares of the real estate investment trust’s stock valued at $564,000 after acquiring an additional 4,412 shares during the last quarter. Private Advisor Group LLC lifted its stake in Duke Realty by 121.3% during the fourth quarter. Private Advisor Group LLC now owns 12,013 shares of the real estate investment trust’s stock worth $788,000 after purchasing an additional 6,585 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in Duke Realty by 68.9% during the fourth quarter. Ensign Peak Advisors Inc now owns 113,855 shares of the real estate investment trust’s stock worth $7,472,000 after purchasing an additional 46,449 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Duke Realty by 49.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 42,500 shares of the real estate investment trust’s stock worth $2,790,000 after purchasing an additional 14,000 shares in the last quarter. Finally, American International Group Inc. lifted its stake in Duke Realty by 1.0% during the fourth quarter. American International Group Inc. now owns 114,974 shares of the real estate investment trust’s stock worth $7,547,000 after purchasing an additional 1,092 shares in the last quarter. 95.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Duke Realty

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

Analyst Ratings Changes

A number of research firms have commented on DRE. Truist Financial decreased their price target 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. Wells Fargo & Company upped their price target 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. Robert W. Baird cut Duke Realty from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $78.00 to $74.00 in a research note on Thursday, July 14th. Finally, Edward Jones cut 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.75.

Duke Realty Stock Down 1.7 %

Duke Realty stock opened at $52.58 on Wednesday. Duke Realty Co. has a twelve month low of $47.12 and a twelve month high of $66.22. The stock’s fifty day simple moving average is $60.18 and its 200-day simple moving average is $56.91. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $20.24 billion, a P/E ratio of 21.12, a P/E/G ratio of 3.60 and a beta of 0.72.

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

Duke Realty Dividend Announcement

The firm also recently announced 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. This represents a $1.12 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, September 14th. Duke Realty’s dividend payout ratio (DPR) is presently 44.98%.

Duke Realty Profile

(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.

Featured Stories

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)

Receive News & Ratings for Duke Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Realty and related companies with MarketBeat.com's FREE daily email newsletter.