Duke Realty Corporation (NYSE:DRE) is expected to pay $0.19 on Nov 30, 2016. The indicated annual dividend is $0.76. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on Duke Realty Corporation’s current price of $23.38, the dividend is 0.81%. This dividend’s record date is Nov 16, 2016 and the announcement date is Oct 27, 2016. The stock decreased 1.14% or $0.27 on November 11, hitting $23.38. About 5.69 million shares traded hands or 106.91% up from the average. Duke Realty Corp (NYSE:DRE) has risen 4.10% since April 12, 2016 and is uptrending. It has underperformed by 0.89% the S&P500.
Duke Realty Corporation is a self-administered and self-managed real estate investment trust . The company has a market cap of $8.11 billion. The Firm operates in four divisions: industrial, medical office, office real estate investments and service operations. It has a 29.49 P/E ratio. The Service activities segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures.
Insitutional Activity: The institutional sentiment increased to 1.69 in 2016 Q2. Its up 0.62, from 1.07 in 2016Q1. The ratio improved, as 24 funds sold all Duke Realty Corp shares owned while 78 reduced positions. 39 funds bought stakes while 133 increased positions. They now own 331.94 million shares or 2.01% more from 325.39 million shares in 2016Q1.
Korea Investment Corp holds 135,000 shares or 0.02% of its portfolio. Apriem accumulated 0.02% or 2,000 shares. Lord Abbett Limited Liability has invested 0.27% of its portfolio in Duke Realty Corp (NYSE:DRE). Calvert Mngmt owns 266,158 shares or 0.37% of their US portfolio. Heitman Real Secs Limited Liability, a Illinois-based fund reported 2.06M shares. Mizuho Tru And owns 607,877 shares or 0.05% of their US portfolio. D E Shaw And Incorporated accumulated 13,395 shares or 0% of the stock. Paloma Mngmt Company last reported 0.01% of its portfolio in the stock. World Asset holds 26,554 shares or 0.03% of its portfolio. Dnb Asset Mngmt As, a Norway-based fund reported 18,942 shares. Kempen Cap Mgmt Nv owns 123,936 shares or 0.39% of their US portfolio. The Japan-based Mitsubishi Ufj Tru & Banking Corp has invested 0.04% in Duke Realty Corp (NYSE:DRE). Ontario Teachers Pension Plan Board last reported 0.01% of its portfolio in the stock. M&T Financial Bank Corporation owns 67,535 shares or 0.01% of their US portfolio. Virginia Retirement System Et Al holds 180,870 shares or 0.07% of its portfolio.
Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 1 insider sale for $1.83 million net activity. 75,000 Duke Realty Corp (NYSE:DRE) shares with value of $1.83 million were sold by OKLAK DENNIS D.
Duke Realty Corp (NYSE:DRE) Ratings Coverage
Out of 9 analysts covering Duke Realty (NYSE:DRE), 4 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 44% are positive. $29 is the highest target while $21 is the lowest. The $24.17 average target is 3.38% above today’s ($23.38) stock price. Duke Realty has been the topic of 15 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, July 19 by Barclays Capital. The stock of Duke Realty Corp (NYSE:DRE) earned “Neutral” rating by Mizuho on Friday, October 28. The firm has “Buy” rating given on Wednesday, August 19 by UBS. On Thursday, February 4 the stock rating was maintained by Barclays Capital with “Equalweight”. Robert W. Baird downgraded Duke Realty Corp (NYSE:DRE) rating on Tuesday, August 11. Robert W. Baird has “Outperform” rating and $21 price target. The company was downgraded on Monday, November 9 by Miller Tabak. Goldman Sachs initiated the stock with “Buy” rating in Monday, December 14 report. As per Wednesday, September 28, the company rating was initiated by Mizuho. The rating was initiated by BTIG Research on Thursday, August 25 with “Neutral”. On Thursday, November 12 the stock rating was initiated by BB&T Capital with “Hold”.
More recent Duke Realty Corp (NYSE:DRE) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Duke Realty, Regency Centers and Assured Guaranty” on November 10, 2016. Also Nasdaq.com published the news titled: “Duke Realty (DRE) Shares Cross Below 200 DMA” on November 10, 2016. Bizjournals.com‘s news article titled: “Duke Realty starts work on sixth warehouse at former GM site” with publication date: November 01, 2016 was also an interesting one.
DRE Company Profile
Duke Realty Corporation, incorporated on March 12, 1992, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates in four divisions: industrial, medical office, office real estate investments and service operations. The Service activities segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures. The Firm conducts its Service Operations through Duke Realty Services, LLC, Duke Realty Services Limited Partnership and Duke Construction Limited Partnership (DCLP).
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