Duke Realty Corp (NYSE:DRE) Shares Sold by CenturyLink Investment Management Co

CenturyLink Investment Management Co cut its holdings in Duke Realty Corp (NYSE:DRE) by 14.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,018 shares of the real estate investment trust’s stock after selling 4,751 shares during the period. CenturyLink Investment Management Co’s holdings in Duke Realty were worth $952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DRE. 6 Meridian raised its position in Duke Realty by 2.0% in the second quarter. 6 Meridian now owns 17,211 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 331 shares during the period. 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. 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. Meeder Asset Management Inc. raised its position in Duke Realty by 2.1% in the second quarter. Meeder Asset Management Inc. now owns 26,551 shares of the real estate investment trust’s stock valued at $839,000 after purchasing an additional 545 shares during the period. Finally, World Asset Management Inc raised its position in Duke Realty by 2.2% in the second quarter. World Asset Management Inc now owns 27,093 shares of the real estate investment trust’s stock valued at $856,000 after purchasing an additional 589 shares during the period. Hedge funds and other institutional investors own 93.49% of the company’s stock.

NYSE:DRE opened at $33.46 on Thursday. The firm has a market capitalization of $11.99 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. The business’s fifty day moving average price is $33.40 and its 200 day moving average price is $32.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.90 and a quick ratio of 1.90. Duke Realty Corp has a 12 month low of $24.67 and a 12 month high of $34.44.

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

In other Duke Realty news, EVP Nicholas C. Anthony sold 7,806 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.61, for a total value of $254,553.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter D. Harrington sold 10,297 shares of the company’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 disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

A number of research firms have recently weighed in on DRE. Scotiabank raised Duke Realty from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. Wells Fargo & Co upped their price objective on Duke Realty from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. ValuEngine lowered Duke Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research report on Wednesday, June 19th. Finally, Morgan Stanley lowered Duke Realty from an “overweight” rating to an “equal weight” rating and set a $31.50 price objective on the stock. in a research report on Monday, October 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $39.03.

Duke Realty Company 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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