Garland Capital Management Inc Lowers stake in Duke Realty Corp (DRE)

Duke Realty Corp (DRE) : Garland Capital Management Inc reduced its stake in Duke Realty Corp by 0.91% during the most recent quarter end. The investment management company now holds a total of 185,750 shares of Duke Realty Corp which is valued at $5,104,410 after selling 1,700 shares in Duke Realty Corp , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Duke Realty Corp makes up approximately 3.93% of Garland Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Simplex Trading boosted its stake in DRE in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 6,951 shares of Duke Realty Corp which is valued at $191,013. Duke Realty Corp makes up approx 0.02% of Simplex Trading’s portfolio.Capstone Asset Management Co boosted its stake in DRE in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 29,796 shares of Duke Realty Corp which is valued at $818,496. Duke Realty Corp makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Gateway Investment Advisers boosted its stake in DRE in the latest quarter, The investment management firm added 1,996 additional shares and now holds a total of 1,089,935 shares of Duke Realty Corp which is valued at $29,940,514. Duke Realty Corp makes up approx 0.25% of Gateway Investment Advisers’s portfolio.

Duke Realty Corp opened for trading at $27.5 and hit $27.54 on the upside on Wednesday, eventually ending the session at $27.48, with a gain of 0.15% or 0.04 points. The heightened volatility saw the trading volume jump to 27,35,820 shares. Company has a market cap of $9,507 M.

On the company’s financial health, Duke Realty Corp reported $0.28 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $224.90 million for the quarter, compared to analysts expectations of $199.20 million. The company’s revenue was down -15.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

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 Company’s 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.

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