Duke Realty Corp (NYSE:DRE) Director Melanie R. Sabelhaus sold 5,000 shares of Duke Realty stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $30.89, for a total transaction of $154,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE DRE traded down $0.15 during trading on Friday, hitting $30.56. The company had a trading volume of 19,757 shares, compared to its average volume of 2,212,137. Duke Realty Corp has a fifty-two week low of $24.67 and a fifty-two week high of $31.00. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 4.51 and a beta of 0.76. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.
Duke Realty (NYSE:DRE) last announced its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.17). Duke Realty had a net margin of 40.48% and a return on equity of 8.02%. The company had revenue of $202.86 million during the quarter, compared to analyst estimates of $200.75 million. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities research analysts anticipate that Duke Realty Corp will post 1.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th were given a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, February 13th. This represents a $0.86 annualized dividend and a dividend yield of 2.81%. Duke Realty’s dividend payout ratio (DPR) is 64.66%.
A number of research analysts have weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Duke Realty in a report on Wednesday, January 30th. Zacks Investment Research cut shares of Duke Realty from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Barclays reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Duke Realty in a report on Thursday, February 14th. Wells Fargo & Co raised shares of Duke Realty from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $30.00 to $33.00 in a report on Tuesday, December 11th. Finally, SunTrust Banks raised shares of Duke Realty from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $30.38.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Duke Realty during the fourth quarter worth about $93,469,000. Teacher Retirement System of Texas boosted its position in Duke Realty by 38.5% during the fourth quarter. Teacher Retirement System of Texas now owns 426,803 shares of the real estate investment trust’s stock worth $11,054,000 after acquiring an additional 118,635 shares during the last quarter. Kentucky Retirement Systems acquired a new position in Duke Realty during the fourth quarter worth about $404,000. Nordea Investment Management AB boosted its position in Duke Realty by 375.0% during the fourth quarter. Nordea Investment Management AB now owns 89,999 shares of the real estate investment trust’s stock worth $2,332,000 after acquiring an additional 71,053 shares during the last quarter. Finally, UBS Oconnor LLC boosted its position in Duke Realty by 33.7% during the fourth quarter. UBS Oconnor LLC now owns 158,200 shares of the real estate investment trust’s stock worth $4,097,000 after acquiring an additional 39,900 shares during the last quarter. Hedge funds and other institutional investors own 92.94% of the company’s stock.
About Duke Realty
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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