Commercial

Duke Realty Corp Receives Reduced Duff & Phelps Shares

Duff and Phelps lowered its Duke Realty Corp shares by 4.3 percent in 2015's last quarter, according to its SEC 13F form. The investment management company owns Duke Realty Corp's 0.51 percent or $37,168,000.

KBC Group, on the other hand, boosted its Duke Realty Corp shares in 2015's third quarter by 13.8 percent. Now, KBC owns 116,314 shares or $2,216,000, following the additional 14,073 share in the same period.

Duke Realty Corp, on Friday, traded 3.01 percent reaching 2,910,766 shares or $19.52. Its 50-day average price has been recorded to be $20.42; and $19.85 as the 200-day average. The company has a price-earning ration marked at 11.5 with $6.74 billion as market capitalization. Duke Realty has a 12-month high of $2.70 and low of $17.60.

The realty company previously released its figures on quarterly earnings. According to the report, the investment trust has $0.29 EPS for the said quarter, reaching the $0.29 consensus estimate. In 2014, the realty company was able to earn $0.30 EPS in the same period. Its revenue was reduced to 10.4 percent on a yearly basis. Analysts have expected that on an average, Duke Realty Corp will reach $1.17 EPS in 2016.

Research firms' recent reports reveal that Duke Realty shares went from "sell" to "hold." BB&T started shares coverage in November 2015, setting the "hold" rating at the $22.50 price. The share was also cut by Miller Tabak going from "hold" to "sell." Eventually, Goldman Sachs started coverage of Duke Realty shares in December 2015. A research analyst rated the sell rating stock where four gave "buy" and seven gave "hold" ratings. Currently, the company has a "hold" average rating and a $22.75 price target.

Meanwhile, Dennis D Oklak, its CEO, sold shares of about 5,317 transaction stock. They were sold at a $20.70 average price with $110,061.90 total transaction. Following the sale, the CEO now owns 433,790 company stock shares.

Stay tuned here in Realty Today, for more updates. Share your thoughts with us too, by leaving your comments below. 


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