Duke Realty Corp (DRE) : Duff Phelps Investment Management Co scooped up 809,418 additional shares in Duke Realty Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 3,181,053 shares of Duke Realty Corp which is valued at $81,625,820.Duke Realty Corp makes up approximately 1.18% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , National Pension Service added DRE to its portfolio by purchasing 971 company shares during the most recent quarter which is valued at $24,916.Legal General Group Plc boosted its stake in DRE in the latest quarter, The investment management firm added 97,198 additional shares and now holds a total of 2,284,163 shares of Duke Realty Corp which is valued at $57,903,532. Duke Realty Corp makes up approx 0.06% of Legal General Group Plc’s portfolio.Creative Planning boosted its stake in DRE in the latest quarter, The investment management firm added 470 additional shares and now holds a total of 7,655 shares of Duke Realty Corp which is valued at $194,054. Washington Trust Bank added DRE to its portfolio by purchasing 48 company shares during the most recent quarter which is valued at $1,233.
Duke Realty Corp closed down -0.04 points or -0.16% at $25.66 with 27,01,528 shares getting traded on Friday. Post opening the session at $25.74, the shares hit an intraday low of $25.49 and an intraday high of $25.93 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Duke Realty Corp reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.30. The company had revenue of $200.50 million for the quarter, compared to analysts expectations of $203.16 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on Duke Realty Corp. Mizuho Initiated Duke Realty Corp on Sep 28, 2016 to “Neutral”, Price Target of the shares are set at $29.Company shares were Reiterated by Stifel on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 30 from a previous price target of $28 .Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $24 .
Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial office medical office real estate investments and service operations. Service operations consists of various real estate services such as property management asset management maintenance leasing development general contractor and construction management to third-party property owners and joint ventures. The Company conducts its Service Operations through Duke Realty Services LLC Duke Realty Services Limited Partnership and Duke Construction Limited Partnership (DCLP). As of December 31 2014 the Companys portfolio included owned or jointly controlled 729 industrial offices medical office and other properties of which 706 properties with approximately 146.9 million square feet were in service. The Company owns interest in 500 bulk distribution industrial properties which are primarily warehouse facilities.