Insider Selling: Duke Realty Co. (NYSE:DRE) CFO Sells $8,698,200.00 in Stock

Duke Realty Co. (NYSE:DREGet Rating) CFO Mark A. Denien sold 140,000 shares of Duke Realty stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $62.13, for a total transaction of $8,698,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Duke Realty Trading Up 0.6 %

Shares of DRE opened at $62.12 on Friday. Duke Realty Co. has a 52-week low of $47.12 and a 52-week high of $66.22. The business’s fifty day moving average is $56.16 and its 200-day moving average is $55.81. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.23. The firm has a market cap of $23.88 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 4.16 and a beta of 0.71.

Duke Realty (NYSE:DREGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.20). Duke Realty had a net margin of 85.63% and a return on equity of 15.66%. The business had revenue of $280.15 million during the quarter, compared to the consensus estimate of $279.80 million. During the same quarter in the previous year, the business posted $0.44 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts anticipate that Duke Realty Co. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Duke Realty from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Monday, June 6th. Mizuho dropped their price target on Duke Realty from $65.00 to $58.00 and set a “na” rating for the company in a report on Tuesday, May 17th. Robert W. Baird cut Duke Realty from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $78.00 to $74.00 in a report on Thursday, July 14th. Truist Financial dropped their price target on Duke Realty from $63.00 to $56.00 and set a “hold” rating for the company in a report on Tuesday, May 31st. Finally, Edward Jones cut Duke Realty from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Duke Realty presently has an average rating of “Hold” and an average price target of $61.40.

Hedge Funds Weigh In On Duke Realty

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Duke Realty by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 62,173,808 shares of the real estate investment trust’s stock valued at $3,609,811,000 after purchasing an additional 1,308,962 shares during the last quarter. BlackRock Inc. grew its position in Duke Realty by 3.9% during the 4th quarter. BlackRock Inc. now owns 38,729,322 shares of the real estate investment trust’s stock worth $2,542,194,000 after acquiring an additional 1,450,374 shares during the last quarter. State Street Corp grew its position in Duke Realty by 7.9% during the 1st quarter. State Street Corp now owns 25,824,883 shares of the real estate investment trust’s stock worth $1,499,393,000 after acquiring an additional 1,887,454 shares during the last quarter. Invesco Ltd. grew its position in Duke Realty by 6.5% during the 4th quarter. Invesco Ltd. now owns 12,744,701 shares of the real estate investment trust’s stock worth $836,562,000 after acquiring an additional 779,499 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Duke Realty by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 7,841,286 shares of the real estate investment trust’s stock worth $513,484,000 after acquiring an additional 263,157 shares during the last quarter. Institutional investors own 96.91% of the company’s stock.

About Duke Realty

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Duke Realty Corporation owns and operates approximately 159 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 a member of the S&P 500 Index.

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