Cambridge Investment Research Advisors Inc. Increases Position in Duke Realty Corp (NYSE:DRE)

Cambridge Investment Research Advisors Inc. raised its position in Duke Realty Corp (NYSE:DRE) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,659 shares of the real estate investment trust’s stock after purchasing an additional 975 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Duke Realty were worth $400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Doyle Wealth Management purchased a new stake in Duke Realty in the second quarter valued at approximately $25,000. NumerixS Investment Technologies Inc purchased a new stake in Duke Realty in the second quarter valued at approximately $36,000. Steward Partners Investment Advisory LLC purchased a new stake in Duke Realty in the second quarter valued at approximately $38,000. CSat Investment Advisory L.P. raised its position in Duke Realty by 48.7% in the second quarter. CSat Investment Advisory L.P. now owns 1,338 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 438 shares during the period. Finally, Huntington National Bank raised its position in Duke Realty by 18.0% in the second quarter. Huntington National Bank now owns 2,934 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 448 shares during the period. 93.48% of the stock is currently owned by institutional investors.

NYSE:DRE opened at $33.55 on Friday. The company has a fifty day simple moving average of $33.36 and a two-hundred day simple moving average of $32.05. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 5.28 and a beta of 0.70. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.60. Duke Realty Corp has a 52 week low of $24.67 and a 52 week high of $34.44.

Duke Realty (NYSE:DRE) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.15). The business had revenue of $213.11 million during the quarter, compared to analyst estimates of $212.46 million. Duke Realty had a return on equity of 4.82% and a net margin of 23.14%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. On average, analysts expect that Duke Realty Corp will post 1.42 EPS for the current year.

Several equities analysts have commented on DRE shares. Scotiabank upgraded shares of Duke Realty from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Stifel Nicolaus boosted their price target on shares of Duke Realty from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research downgraded shares of Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a research note on Wednesday, June 19th. Morgan Stanley downgraded shares of Duke Realty from an “overweight” rating to an “equal weight” rating and set a $31.50 price target for the company. in a research note on Monday, October 7th. Finally, Wells Fargo & Co boosted their price target on shares of Duke Realty from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Duke Realty has a consensus rating of “Buy” and a consensus price target of $38.26.

In related news, EVP Peter D. Harrington sold 10,297 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $33.30, for a total transaction of $342,890.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nicholas C. Anthony sold 7,806 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.61, for a total transaction of $254,553.66. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Duke Realty Profile

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

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