Northwestern Mutual Investment Management Company LLC Boosts Stock Holdings in Duke Realty Corp (NYSE:DRE)

Northwestern Mutual Investment Management Company LLC lifted its position in Duke Realty Corp (NYSE:DRE) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,589 shares of the real estate investment trust’s stock after buying an additional 630 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Duke Realty were worth $1,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DRE. Massey Quick Simon & CO. LLC purchased a new stake in Duke Realty during the first quarter valued at approximately $31,000. Macroview Investment Management LLC purchased a new stake in Duke Realty during the fourth quarter valued at approximately $32,000. Capital Investment Advisory Services LLC purchased a new stake in Duke Realty during the fourth quarter valued at approximately $35,000. Private Capital Group LLC increased its holdings in Duke Realty by 27.4% during the first quarter. Private Capital Group LLC now owns 1,976 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 425 shares during the last quarter. Finally, Pearl River Capital LLC purchased a new stake in Duke Realty during the fourth quarter valued at approximately $109,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

A number of analysts have recently issued reports on the stock. BTIG Research increased their price objective on shares of Duke Realty from $73.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Goldman Sachs Group assumed coverage on shares of Duke Realty in a research note on Wednesday, May 15th. They issued a “buy” rating and a $33.00 price objective for the company. Zacks Investment Research cut shares of Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research note on Wednesday, June 19th. Finally, Bank of America cut shares of Duke Realty from a “buy” rating to a “neutral” rating and set a $30.81 price objective for the company. in a research note on Thursday, May 16th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $36.18.

DRE stock traded down $0.51 during trading on Wednesday, hitting $30.81. 2,004,341 shares of the company’s stock traded hands, compared to its average volume of 1,995,766. Duke Realty Corp has a 52 week low of $24.67 and a 52 week high of $32.59. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a fifty day simple moving average of $31.01. The firm has a market capitalization of $11.44 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 4.68 and a beta of 0.74.

Duke Realty (NYSE:DRE) last released its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Duke Realty had a net margin of 36.32% and a return on equity of 7.37%. The business had revenue of $209.97 million during the quarter, compared to analyst estimates of $205.45 million. During the same quarter last year, the business earned $0.30 earnings per share. Duke Realty’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, analysts expect that Duke Realty Corp will post 1.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 16th were issued a $0.215 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $0.86 annualized dividend and a dividend yield of 2.79%. Duke Realty’s dividend payout ratio (DPR) is presently 64.66%.

Duke Realty Company 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.

Further Reading: Fundamental Analysis – How It Helps Investors

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

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