Teachers Retirement System of The State of Kentucky Decreases Stake in Duke Realty Co. (NYSE:DRE)

Teachers Retirement System of The State of Kentucky lessened its position in shares of Duke Realty Co. (NYSE:DREGet Rating) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,733 shares of the real estate investment trust’s stock after selling 1,163 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Duke Realty were worth $1,552,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DRE. Chilton Capital Management LLC purchased a new position in shares of Duke Realty in the fourth quarter valued at $29,000. Bank of New Hampshire purchased a new position in shares of Duke Realty in the 1st quarter worth $29,000. Riverview Trust Co bought a new stake in shares of Duke Realty in the 1st quarter worth about $31,000. Benjamin Edwards Inc. purchased a new stake in shares of Duke Realty during the 1st quarter valued at about $32,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of Duke Realty during the 1st quarter valued at about $52,000. Institutional investors own 95.44% of the company’s stock.

Insiders Place Their Bets

In other Duke Realty news, COO Steven W. Schnur sold 2,707 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $65.03, for a total value of $176,036.21. Following the completion of the sale, the chief operating officer now directly owns 6,437 shares in the company, valued at approximately $418,598.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Mark A. Denien sold 140,000 shares of the 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 filing with the SEC, which can be accessed through this link. Also, COO Steven W. Schnur sold 2,707 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $65.03, for a total transaction of $176,036.21. Following the completion of the transaction, the chief operating officer now directly owns 6,437 shares of the company’s stock, valued at approximately $418,598.11. The disclosure for this sale can be found here. Insiders have sold 147,138 shares of company stock worth $9,149,800 in the last ninety days. 0.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DRE has been the topic of several analyst reports. Robert W. Baird cut Duke Realty from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $78.00 to $74.00 in a research note on Thursday, July 14th. Edward Jones lowered Duke Realty from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Wells Fargo & Company lifted their price objective on shares of Duke Realty from $56.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 11th. Finally, Truist Financial reduced their target price on shares of Duke Realty from $63.00 to $56.00 and set a “hold” rating on the stock in a research note on Tuesday, May 31st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Duke Realty currently has a consensus rating of “Hold” and a consensus price target of $63.75.

Duke Realty Stock Down 2.2 %

NYSE:DRE opened at $51.44 on Thursday. The company has a market cap of $19.80 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 3.57 and a beta of 0.72. Duke Realty Co. has a twelve month low of $47.12 and a twelve month high of $66.22. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $60.07 and a 200-day simple moving average of $56.87.

Duke Realty (NYSE:DREGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.27 earnings per share 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 net margin of 85.63% and a return on equity of 15.66%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 EPS. Analysts anticipate that Duke Realty Co. will post 1.91 EPS for the current year.

Duke Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.18%. Duke Realty’s payout ratio is 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.

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

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