Pacer Advisors Inc. Purchases 54,829 Shares of Duke Realty Corp (NYSE:DRE)

Pacer Advisors Inc. increased its position in Duke Realty Corp (NYSE:DRE) by 60.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,120 shares of the real estate investment trust’s stock after acquiring an additional 54,829 shares during the quarter. Pacer Advisors Inc.’s holdings in Duke Realty were worth $4,930,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. 6 Meridian increased its holdings in shares of Duke Realty by 2.0% during the 2nd quarter. 6 Meridian now owns 17,211 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 331 shares during the period. CSat Investment Advisory L.P. increased its holdings in shares of Duke Realty by 48.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,338 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 438 shares during the period. Huntington National Bank increased its holdings in shares of Duke Realty by 18.0% during the 2nd quarter. Huntington National Bank now owns 2,934 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 448 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Duke Realty by 2.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 26,551 shares of the real estate investment trust’s stock worth $839,000 after purchasing an additional 545 shares during the period. Finally, World Asset Management Inc increased its holdings in shares of Duke Realty by 2.2% during the 2nd quarter. World Asset Management Inc now owns 27,093 shares of the real estate investment trust’s stock worth $856,000 after purchasing an additional 589 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Several research firms have recently issued reports on DRE. Zacks Investment Research downgraded shares of Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a report on Wednesday, June 19th. ValuEngine downgraded shares of Duke Realty from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Stifel Nicolaus boosted their price objective on shares of Duke Realty from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Co boosted their price objective on shares of Duke Realty from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, Morgan Stanley downgraded shares of Duke Realty from an “overweight” rating to an “equal weight” rating and set a $31.50 price objective on the stock. in a report on Monday, October 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Duke Realty has an average rating of “Buy” and a consensus target price of $38.26.

In other Duke Realty news, EVP Peter D. Harrington sold 10,297 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $33.30, for a total value of $342,890.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Nicholas C. Anthony sold 7,806 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.61, for a total transaction of $254,553.66. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

NYSE DRE opened at $33.55 on Friday. The stock has a market cap of $12.05 billion, a P/E ratio of 25.23, a PEG ratio of 5.24 and a beta of 0.70. The company’s 50-day simple moving average is $33.36 and its 200 day simple moving average is $32.05. Duke Realty Corp has a twelve month low of $24.67 and a twelve month high of $34.44. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.60.

Duke Realty (NYSE:DRE) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.15). The business had revenue of $213.11 million during the quarter, compared to the consensus estimate of $212.46 million. Duke Realty had a net margin of 23.14% and a return on equity of 4.82%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. Research analysts anticipate that Duke Realty Corp will post 1.42 earnings per share for the current year.

Duke Realty Profile

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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Institutional Ownership by Quarter for Duke Realty (NYSE:DRE)

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