Pggm Investments Lowers stake in Duke Realty Corp (DRE)

Duke Realty Corp (DRE) : Pggm Investments reduced its stake in Duke Realty Corp by 11.56% during the most recent quarter end. The investment management company now holds a total of 4,559,515 shares of Duke Realty Corp which is valued at $125,249,877 after selling 595,805 shares in Duke Realty Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Duke Realty Corp makes up approximately 0.62% of Pggm Investments’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in DRE in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 446,254 shares of Duke Realty Corp which is valued at $12,258,597. Duke Realty Corp makes up approx 0.07% of Retirement Systems Of Alabama’s portfolio. Robeco Institutional Asset Management B.v. added DRE to its portfolio by purchasing 15,594 company shares during the most recent quarter which is valued at $429,459.Murphy Capital Management Inc reduced its stake in DRE by selling 8,005 shares or 23.75% in the most recent quarter. The Hedge Fund company now holds 25,701 shares of DRE which is valued at $706,263. Duke Realty Corp makes up approx 0.11% of Murphy Capital Management Inc’s portfolio.

Duke Realty Corp opened for trading at $28.18 and hit $28.99 on the upside on Friday, eventually ending the session at $28.79, with a gain of 2.24% or 0.63 points. The heightened volatility saw the trading volume jump to 23,82,684 shares. Company has a market cap of $9,960 M.

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. 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 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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