Duke Realty Corp (DRE) : Pensionfund Sabic reduced its stake in Duke Realty Corp by 28.1% during the most recent quarter end. The investment management company now holds a total of 30,707 shares of Duke Realty Corp which is valued at $691,522 after selling 12,000 shares in Duke Realty Corp according to a report filed by the company on Apr 4, 2016 with the SEC.Duke Realty Corp makes up approximately 0.21% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in DRE by selling 30,000 shares or 26.08% in the most recent quarter. The Hedge Fund company now holds 85,024 shares of DRE which is valued at $1.9 Million. Duke Realty Corp makes up approx 0.26% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, Duke Realty Corp reported $0.29 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus estimate of $0.29. The company had revenue of $198.52 million for the quarter, compared to analysts expectations of $199.22 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Many Wall Street Analysts have commented on Duke Realty Corp. Company shares were Reiterated by Barclays on Feb 4, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .
Duke Realty Corp closed down -0.09 points or -0.40% at $22.52 with 17,33,484 shares getting traded on Monday. Post opening the session at $22.65, the shares hit an intraday low of $22.44 and an intraday high of $22.72 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.