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

J.W. Cole Advisors Inc. decreased its holdings in Duke Realty Co. (NYSE:DREGet Rating) by 30.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,322 shares of the real estate investment trust’s stock after selling 2,309 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Duke Realty were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DRE. HighTower Advisors LLC boosted its position 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 worth $564,000 after purchasing an additional 4,412 shares in the last quarter. Private Advisor Group LLC boosted its position 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 worth $788,000 after purchasing an additional 6,585 shares in the last quarter. Ensign Peak Advisors Inc boosted its position 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 worth $7,472,000 after purchasing an additional 46,449 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Duke Realty by 49.1% in the 4th 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 position in Duke Realty by 1.0% during the 4th quarter. American International Group Inc. now owns 114,974 shares of the real estate investment trust’s stock worth $7,547,000 after acquiring an additional 1,092 shares during the period. Institutional investors and hedge funds own 95.44% of the company’s stock.

Duke Realty Price Performance

Shares of Duke Realty stock opened at $52.58 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.61. Duke Realty Co. has a twelve month low of $47.12 and a twelve month high of $66.22. The business has a 50-day moving average price of $60.18 and a 200 day moving average price of $56.91. The firm has a market cap of $20.24 billion, a PE ratio of 21.12, a P/E/G ratio of 3.60 and a beta of 0.72.

Duke Realty (NYSE:DREGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). Duke Realty had a net margin of 85.63% and a return on equity of 15.66%. The business had revenue of $280.15 million during the quarter, compared to analysts’ expectations of $279.80 million. During the same quarter in the prior year, the firm earned $0.44 EPS. Duke Realty’s revenue for the quarter was up 10.3% on a year-over-year basis. Sell-side analysts predict that Duke Realty Co. will post 1.91 earnings per share for the current fiscal year.

Duke Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.12 annualized dividend and a yield of 2.13%. Duke Realty’s dividend payout ratio (DPR) is currently 44.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DRE. Edward Jones cut Duke Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Wells Fargo & Company lifted their price target on Duke Realty from $56.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 11th. Truist Financial lowered their price target on Duke Realty from $63.00 to $56.00 and set a “hold” rating for the company in a research report on Tuesday, May 31st. Finally, Robert W. Baird cut Duke Realty from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $78.00 to $74.00 in a research report on Thursday, July 14th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $63.75.

Insiders Place Their Bets

In other Duke Realty news, CFO Mark A. Denien sold 140,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was 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 Securities & Exchange Commission, which is available through the SEC website. In other Duke Realty news, CFO Mark A. Denien sold 140,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was 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 Securities & Exchange Commission, which is available through the SEC website. Also, COO Steven W. Schnur sold 4,431 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $62.19, for a total value of $275,563.89. Following the sale, the chief operating officer now owns 2,006 shares of the company’s stock, valued at $124,753.14. The disclosure for this sale can be found here. In the last three months, insiders sold 147,138 shares of company stock worth $9,149,800. Corporate insiders own 0.44% of the company’s stock.

About Duke Realty

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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.

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

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