Moody National Bank Trust Division Has $540,000 Stock Holdings in Duke Realty Co. (NYSE:DRE)

Moody National Bank Trust Division decreased its holdings in Duke Realty Co. (NYSE:DREGet Rating) by 86.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 9,823 shares of the real estate investment trust’s stock after selling 62,941 shares during the period. Moody National Bank Trust Division’s holdings in Duke Realty were worth $540,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DRE. HighTower Advisors LLC raised its stake in shares of Duke Realty by 105.8% in the 4th quarter. HighTower Advisors LLC now owns 8,582 shares of the real estate investment trust’s stock valued at $564,000 after buying an additional 4,412 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Duke Realty in the 4th quarter valued at $412,000. Private Advisor Group LLC raised its stake in shares of Duke Realty by 121.3% in the 4th quarter. Private Advisor Group LLC now owns 12,013 shares of the real estate investment trust’s stock valued at $788,000 after buying an additional 6,585 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Duke Realty by 10.8% in the 4th quarter. Bank of Montreal Can now owns 587,342 shares of the real estate investment trust’s stock valued at $38,350,000 after buying an additional 57,458 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its stake in shares of Duke Realty by 68.9% in the 4th quarter. Ensign Peak Advisors Inc now owns 113,855 shares of the real estate investment trust’s stock valued at $7,472,000 after buying an additional 46,449 shares in the last quarter. Institutional investors and hedge funds own 95.44% of the company’s stock.

Insider Activity

In other news, CFO Mark A. Denien sold 140,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $62.13, for a total value of $8,698,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Mark A. Denien sold 140,000 shares of Duke Realty stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $62.13, for a total transaction of $8,698,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Steven W. Schnur sold 4,431 shares of Duke Realty stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $62.19, for a total transaction of $275,563.89. Following the transaction, the chief operating officer now directly owns 2,006 shares in the company, valued at approximately $124,753.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,138 shares of company stock valued at $9,149,800. 0.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DRE shares. Robert W. Baird cut shares of Duke Realty from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $78.00 to $74.00 in a research report on Thursday, July 14th. Wells Fargo & Company increased their target price on shares of Duke Realty from $56.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 11th. Edward Jones cut shares of Duke Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Finally, Truist Financial dropped their target price on shares of Duke Realty from $63.00 to $56.00 and set a “hold” rating for the company in a research report on Tuesday, May 31st. 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, the company has a consensus rating of “Hold” and a consensus price target of $63.75.

Duke Realty Stock Down 2.1 %

Shares of NYSE:DRE opened at $53.89 on Monday. Duke Realty Co. has a 12 month low of $47.12 and a 12 month high of $66.22. The company’s 50-day moving average price is $60.35 and its two-hundred day moving average price is $56.95. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.61. The firm has a market cap of $20.75 billion, a P/E ratio of 21.64, a P/E/G ratio of 3.60 and a beta of 0.72.

Duke Realty (NYSE:DREGet Rating) last issued 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 for the quarter, compared to the consensus estimate 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 earned $0.44 EPS. As a group, research analysts forecast that Duke Realty Co. will post 1.91 EPS 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. Stockholders of record on Thursday, September 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, September 14th. Duke Realty’s dividend payout ratio (DPR) 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.

Further Reading

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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