Duke Realty Corp (DRE) Position Trimmed by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its position in shares of Duke Realty Corp (NYSE:DRE) by 45.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 460,355 shares of the real estate investment trust’s stock after selling 384,042 shares during the period. Janus Henderson Group PLC’s holdings in Duke Realty were worth $14,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Duke Realty by 253.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,544,914 shares of the real estate investment trust’s stock valued at $72,199,000 after purchasing an additional 1,825,535 shares during the last quarter. Legal & General Group Plc increased its holdings in Duke Realty by 7.0% in the 3rd quarter. Legal & General Group Plc now owns 3,048,223 shares of the real estate investment trust’s stock valued at $86,414,000 after purchasing an additional 199,880 shares during the last quarter. Vanguard Group Inc increased its holdings in Duke Realty by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 57,237,534 shares of the real estate investment trust’s stock valued at $1,623,829,000 after purchasing an additional 213,531 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Duke Realty in the 3rd quarter valued at approximately $204,000. Finally, Strs Ohio increased its holdings in Duke Realty by 4.6% in the 4th quarter. Strs Ohio now owns 949,694 shares of the real estate investment trust’s stock valued at $24,597,000 after purchasing an additional 41,548 shares during the last quarter. 94.55% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Ann C. Dee sold 18,334 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $29.77, for a total value of $545,803.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven W. Schnur sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.82, for a total transaction of $298,200.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,409 shares of company stock valued at $1,150,145. 0.29% of the stock is owned by corporate insiders.



DRE has been the subject of several research reports. Zacks Investment Research downgraded shares of Duke Realty from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 target price on shares of Duke Realty in a report on Wednesday, January 30th. Barclays reiterated a “hold” rating and issued a $28.00 target price on shares of Duke Realty in a report on Thursday, February 14th. BTIG Research raised their price target on shares of Duke Realty from $73.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Goldman Sachs Group began coverage on shares of Duke Realty in a research report on Wednesday. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $36.11.

Duke Realty stock opened at $30.44 on Thursday. Duke Realty Corp has a 12-month low of $24.67 and a 12-month high of $31.69. The firm has a market cap of $10.94 billion, a PE ratio of 22.89, a PEG ratio of 4.55 and a beta of 0.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 2.38.

Duke Realty (NYSE:DRE) last announced its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Duke Realty had a net margin of 36.32% and a return on equity of 7.37%. The firm had revenue of $209.97 million during the quarter, compared to analysts’ expectations of $205.45 million. During the same period in the previous year, the company earned $0.30 earnings per share. Duke Realty’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Duke Realty Corp will post 1.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 16th will be given a $0.215 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 2.83%. Duke Realty’s dividend payout ratio (DPR) is presently 64.66%.

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Duke Realty Profile

Duke Realty Corporation owns and operates approximately 153 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 listed on the S&P 500 Index.

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

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