Duke Realty Corp (DRE) : Pensionfund Sabic reduced its stake in Duke Realty Corp by 26.05% during the most recent quarter end. The investment management company now holds a total of 22,707 shares of Duke Realty Corp which is valued at $575,622 after selling 8,000 shares in Duke Realty Corp , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Duke Realty Corp makes up approximately 0.18% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in DRE by selling 14,039 shares or 8.66% in the most recent quarter. The Hedge Fund company now holds 148,119 shares of DRE which is valued at $3,754,817. Duke Realty Corp makes up approx 0.04% of British Columbia Investment Management Corp’s portfolio.Cutler Group Lp reduced its stake in DRE by selling 500 shares or 76.8% in the most recent quarter. The Hedge Fund company now holds 151 shares of DRE which is valued at $3,864. Simplex Trading sold out all of its stake in DRE during the most recent quarter. The investment firm sold 6,951 shares of DRE which is valued $177,320.Bnp Paribas Arbitrage Sa reduced its stake in DRE by selling 106,058 shares or 52.22% in the most recent quarter. The Hedge Fund company now holds 97,059 shares of DRE which is valued at $2,492,475. Duke Realty Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Eqis Capital Management added DRE to its portfolio by purchasing 13,372 company shares during the most recent quarter which is valued at $343,393. Duke Realty Corp makes up approx 0.02% of Eqis Capital Management’s portfolio.
Duke Realty Corp closed down -0.24 points or -0.94% at $25.35 with 21,18,865 shares getting traded on Tuesday. Post opening the session at $25.55, the shares hit an intraday low of $25.26 and an intraday high of $25.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.