Hill Winds Capital LP cut its holdings in Duke Realty Corp (NYSE:DRE) by 63.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 60,000 shares of the real estate investment trust’s stock after selling 105,000 shares during the period. Duke Realty accounts for about 1.4% of Hill Winds Capital LP’s holdings, making the stock its 27th biggest position. Hill Winds Capital LP’s holdings in Duke Realty were worth $2,080,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of DRE. Spirit of America Management Corp NY acquired a new position in Duke Realty in the 4th quarter valued at $35,000. Parallel Advisors LLC raised its holdings in Duke Realty by 169.5% in the 4th quarter. Parallel Advisors LLC now owns 1,070 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 673 shares during the last quarter. Huntington National Bank raised its holdings in Duke Realty by 33.1% in the 4th quarter. Huntington National Bank now owns 3,904 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 970 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Duke Realty by 6.3% in the 4th quarter. Quadrant Capital Group LLC now owns 6,104 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 363 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its holdings in Duke Realty by 24,264.3% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 6,822 shares of the real estate investment trust’s stock valued at $237,000 after acquiring an additional 6,794 shares during the last quarter. Institutional investors own 94.77% of the company’s stock.
DRE has been the subject of several analyst reports. BMO Capital Markets downgraded Duke Realty from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $35.00 to $36.00 in a report on Tuesday, January 7th. Morgan Stanley boosted their price objective on shares of Duke Realty from $31.50 to $33.50 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Finally, BTIG Research cut shares of Duke Realty from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Duke Realty currently has a consensus rating of “Hold” and an average target price of $39.92.
Duke Realty (NYSE:DRE) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.10. Duke Realty had a net margin of 44.05% and a return on equity of 8.80%. The company had revenue of $217.40 million during the quarter, compared to analysts’ expectations of $216.62 million. During the same period in the previous year, the company earned $0.18 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts predict that Duke Realty Corp will post 1.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.94 annualized dividend and a dividend yield of 2.77%. Duke Realty’s dividend payout ratio is presently 65.28%.
About Duke Realty
Duke Realty Corporation owns and operates approximately 153 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index.
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