Achmea Investment Management B.V. Trims Stake in Duke Realty Corp (DRE)

Achmea Investment Management B.V. decreased its holdings in Duke Realty Corp (NYSE:DRE) by 16.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,946 shares of the real estate investment trust’s stock after selling 18,350 shares during the quarter. Achmea Investment Management B.V.’s holdings in Duke Realty were worth $2,693,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. bought a new stake in shares of Duke Realty in the third quarter worth $103,000. Piedmont Investment Advisors LLC acquired a new position in Duke Realty in the second quarter valued at $121,000. Advisors Preferred LLC acquired a new position in Duke Realty in the second quarter valued at $126,000. Laurion Capital Management LP acquired a new position in Duke Realty in the second quarter valued at $202,000. Finally, Fiduciary Trust Co. acquired a new position in Duke Realty in the second quarter valued at $210,000. 92.83% of the stock is currently owned by institutional investors.

Shares of NYSE DRE traded down $0.81 during trading on Wednesday, hitting $28.02. 2,125,830 shares of the company traded hands, compared to its average volume of 1,553,651. Duke Realty Corp has a fifty-two week low of $24.30 and a fifty-two week high of $29.48. The firm has a market capitalization of $10.20 billion, a P/E ratio of 22.60, a P/E/G ratio of 4.50 and a beta of 0.58. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.56.

Duke Realty (NYSE:DRE) last announced its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $196.91 million for the quarter, compared to analyst estimates of $197.78 million. Duke Realty had a net margin of 56.94% and a return on equity of 8.01%. Equities research analysts forecast that Duke Realty Corp will post 1.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were given a dividend of $0.215 per share. The ex-dividend date was Wednesday, November 14th. This is an increase from Duke Realty’s previous quarterly dividend of $0.20. This represents a $0.86 annualized dividend and a dividend yield of 3.07%. Duke Realty’s payout ratio is presently 69.35%.

DRE has been the topic of several recent analyst reports. ValuEngine upgraded shares of Duke Realty from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Zacks Investment Research upgraded shares of Duke Realty from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, October 3rd. Barclays restated a “hold” rating and issued a $26.00 target price on shares of Duke Realty in a report on Sunday, October 14th. SunTrust Banks set a $28.00 price objective on shares of Duke Realty and gave the company a “hold” rating in a report on Tuesday, August 7th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $30.00 price objective on shares of Duke Realty in a report on Wednesday, October 24th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Duke Realty currently has a consensus rating of “Hold” and an average price target of $29.89.

In other news, Director Melanie R. Sabelhaus sold 2,500 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $27.98, for a total transaction of $69,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter D. Harrington sold 16,500 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $28.98, for a total transaction of $478,170.00. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

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About Duke Realty

Duke Realty Corporation owns and operates approximately 150 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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Institutional Ownership by Quarter for Duke Realty (NYSE:DRE)

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