Gulf International Bank UK Ltd Sells 400 Shares of Duke Realty Co. (NYSE:DRE)

Gulf International Bank UK Ltd reduced its position in shares of Duke Realty Co. (NYSE:DRE) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,725 shares of the real estate investment trust’s stock after selling 400 shares during the period. Gulf International Bank UK Ltd’s holdings in Duke Realty were worth $3,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Ethic Inc. grew its holdings in shares of Duke Realty by 43.9% during the second quarter. Ethic Inc. now owns 10,438 shares of the real estate investment trust’s stock worth $494,000 after purchasing an additional 3,185 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Duke Realty by 77.8% during the second quarter. BNP Paribas Arbitrage SA now owns 491,063 shares of the real estate investment trust’s stock worth $23,252,000 after purchasing an additional 214,926 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Duke Realty by 75.7% during the second quarter. Van ECK Associates Corp now owns 105,848 shares of the real estate investment trust’s stock worth $5,012,000 after purchasing an additional 45,617 shares during the last quarter. Aviva PLC grew its holdings in shares of Duke Realty by 1.1% during the second quarter. Aviva PLC now owns 133,724 shares of the real estate investment trust’s stock worth $6,332,000 after purchasing an additional 1,437 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Duke Realty by 9.1% during the second quarter. Citigroup Inc. now owns 1,187,710 shares of the real estate investment trust’s stock worth $56,238,000 after purchasing an additional 98,901 shares during the last quarter. Institutional investors own 96.39% of the company’s stock.

In related news, EVP Peter D. Harrington sold 1,969 shares of the stock in a transaction on Wednesday, September 8th. The stock was sold at an average price of $53.44, for a total value of $105,223.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter M. Scott III sold 8,000 shares of the firm’s stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $53.41, for a total value of $427,280.00. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Several brokerages recently commented on DRE. The Goldman Sachs Group upped their target price on Duke Realty from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday. Raymond James upped their target price on Duke Realty from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, July 30th. Robert W. Baird upped their target price on Duke Realty from $48.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, August 2nd. Barclays began coverage on Duke Realty in a report on Wednesday, September 1st. They issued an “overweight” rating and a $57.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on Duke Realty from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 30th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $52.46.

Shares of NYSE:DRE opened at $50.59 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. Duke Realty Co. has a twelve month low of $35.37 and a twelve month high of $53.72. The stock’s 50 day moving average is $51.02 and its 200-day moving average is $47.04. The firm has a market capitalization of $19.14 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 4.34 and a beta of 0.54.

Duke Realty (NYSE:DRE) last issued its earnings results on Wednesday, July 28th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Duke Realty had a return on equity of 9.40% and a net margin of 45.52%. Equities research analysts anticipate that Duke Realty Co. will post 1.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 31st. Stockholders of record on Monday, August 16th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, August 13th. Duke Realty’s payout ratio is 67.11%.

About Duke Realty

Duke Realty Corp. operates as a real estate development company, which specializes in the ownership, management and development of industrial and medical office properties. It offers property and asset management, leasing, construction and other tenant related services. Its diversified portfolio of rental properties encompass various business houses such as government services, manufacturing, retailing, wholesale trade, distribution, healthcare and professional services.

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

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