Shares of Duke Realty Corporation (NYSE:DRE) Sees Large Outflow of Money

Duke Realty Corporation (NYSE:DRE) : Money flow in the Duke Realty Corporation (NYSE:DRE) stock was negative (0.62 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.16 million, compared to $0.78 million on downticks. The total uptick to downtick ratio was 0.2, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.53 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.53 million, indicating persistent selling. Duke Realty Corporation (NYSE:DRE) traded $0.33 higher at $26.48 gaining 1.26% over the previous days close.


In an insider trading activity,The officer (EVP, Construction) of Duke Realty Corp, Kennedy Steven R sold 26,649 shares at $25.41 on June 23, 2016. The Insider selling transaction had a total value worth of $677,151. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.4% of Duke Realty Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.71% . Institutional Investors own 94.09% of Duke Realty Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.61%.

The company shares have rallied 38.73% from its 1 Year high price. On Jun 28, 2016, the shares registered one year high at $26.16 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $24.24 and the 200 Day Moving Average price is recorded at $21.90. Duke Realty Corporation (NYSE:DRE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.41 and $26.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.22, notching a gain of 0.27% for the day. The total traded volume was 3,189,268 . The stock had closed at $26.15 on the previous day.

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.

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