Duke Realty Corp (DRE) : Cleararc Capital Inc scooped up 56,851 additional shares in Duke Realty Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 110,655 shares of Duke Realty Corp which is valued at $3,117,151.Duke Realty Corp makes up approximately 0.58% of Cleararc Capital Inc’s portfolio.
Other Hedge Funds, Including , Mirae Asset Global Investments Ltd. added DRE to its portfolio by purchasing 60,640 company shares during the most recent quarter which is valued at $1,708,229. Duke Realty Corp makes up approx 0.04% of Mirae Asset Global Investments Ltd.’s portfolio.Blackrock Group Ltd reduced its stake in DRE by selling 13,898 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 4,023,386 shares of DRE which is valued at $113,338,784. Duke Realty Corp makes up approx 0.06% of Blackrock Group Ltd’s portfolio. Forsta Ap-fonden added DRE to its portfolio by purchasing 157,900 company shares during the most recent quarter which is valued at $4,451,201. Duke Realty Corp makes up approx 0.13% of Forsta Ap-fonden’s portfolio.Sanders Morris Harris boosted its stake in DRE in the latest quarter, The investment management firm added 377 additional shares and now holds a total of 37,970 shares of Duke Realty Corp which is valued at $1,043,036. Duke Realty Corp makes up approx 0.26% of Sanders Morris Harris’s portfolio.1st Global Advisors boosted its stake in DRE in the latest quarter, The investment management firm added 1,654 additional shares and now holds a total of 17,874 shares of Duke Realty Corp which is valued at $492,250. Duke Realty Corp makes up approx 0.07% of 1st Global Advisors’s portfolio.
Duke Realty Corp opened for trading at $28.09 and hit $28.255 on the upside on Tuesday, eventually ending the session at $28.13, with a gain of 0.46% or 0.13 points. The heightened volatility saw the trading volume jump to 19,25,723 shares. Company has a market cap of $9,867 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 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.