Heitman Real Estate Securities Lowers stake in Duke Realty Corp (DRE)

Duke Realty Corp (DRE) : Heitman Real Estate Securities reduced its stake in Duke Realty Corp by 56.56% during the most recent quarter end. The investment management company now holds a total of 2,142,715 shares of Duke Realty Corp which is valued at $60,360,282 after selling 2,790,261 shares in Duke Realty Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Duke Realty Corp makes up approximately 3.11% of Heitman Real Estate Securities’s portfolio.

Other Hedge Funds, Including , Millennium Management reduced its stake in DRE by selling 459,084 shares or 68.24% in the most recent quarter. The Hedge Fund company now holds 213,624 shares of DRE which is valued at $6,017,788. Duke Realty Corp makes up approx 0.02% of Millennium Management’s portfolio.Andra Ap-fonden reduced its stake in DRE by selling 1,600 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 151,000 shares of DRE which is valued at $4,253,670. Duke Realty Corp makes up approx 0.11% of Andra Ap-fonden’s portfolio.Citadel Advisors boosted its stake in DRE in the latest quarter, The investment management firm added 72,709 additional shares and now holds a total of 267,457 shares of Duke Realty Corp which is valued at $7,534,264. Duke Realty Corp makes up approx 0.02% of Citadel Advisors’s portfolio.Hm Payson Co reduced its stake in DRE by selling 800 shares or 3.75% in the most recent quarter. The Hedge Fund company now holds 20,550 shares of DRE which is valued at $579,305. Duke Realty Corp makes up approx 0.03% of Hm Payson Co’s portfolio.Checchi Capital Advisers reduced its stake in DRE by selling 144 shares or 4.69% in the most recent quarter. The Hedge Fund company now holds 2,927 shares of DRE which is valued at $80,610. Duke Realty Corp makes up approx 0.02% of Checchi Capital Advisers’s portfolio.

Duke Realty Corp closed down -0.11 points or -0.39% at $28.01 with 19,26,190 shares getting traded on Thursday. Post opening the session at $28.12, the shares hit an intraday low of $27.865 and an intraday high of $28.13 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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 Company’s 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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