Duke Realty Corporation [DRE] stock for 275,564 USD was sold by Schnur Steven W

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Duke Realty Corporation shares valued at $275,564 were sold by Schnur Steven W on Aug 22. At $62.19 per share, Schnur Steven W sold 4,431 shares. The insider’s holdings dropped to 2,006 shares worth approximately $0.1 million following the completion of this transaction.

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Also, Schnur Steven W sold 2,707 shares, netting a total of over 176,036 in proceeds. Following the sale of shares at $65.03 each, the insider now holds 0 shares.

Before that, Denien Mark A had sold 9,652 shares from its account. In a trade valued at $599,679, the EVP & CFO traded Duke Realty Corporation shares for $62.13 each. Upon closing the transaction, the insider’s holdings decreased to 9,652 shares, worth approximately $0.0.

As published in a research note from Robert W. Baird on July 15, 2022, Duke Realty Corporation [DRE] has been rated down from an Outperform to a Neutral and the price target has been revised to $74 from $78. This represents a 30.51% premium over Thursday’s closing price. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid May. As of February 03, 2022, Truist has increased its “Hold” rating to a “Buy” for DRE. Earlier on January 18, 2022, Truist downgraded its rating. Their new recommendation was “a Hold” for DRE stock which previously was a “a Buy”.

Analyzing DRE’s Price Performance

On Thursday, Duke Realty Corporation [NYSE: DRE] plunged -0.04% to $51.42. The stock’s lowest price that day was $50.965, but it reached a high of $52.06 in the same session. During the last five days, there has been a drop of approximately -6.63%. Over the course of the year, Duke Realty Corporation shares have dropped approximately -21.66%. Shares of the company reached a 52-week high of $65.80 on 01/03/22 and a 52-week low of $47.12 on 05/10/22. A 50-day SMA is recorded $59.95, while a 200-day SMA reached $57.46. Nevertheless, trading volume fell to 3.18 million shares from 1.94 million shares the previous day.

Support And Resistance Levels for Duke Realty Corporation (DRE)

According to the 24-hour chart, there is a support level at 50.90, which, if violated, would cause prices to drop to 50.39. In the upper region, resistance lies at 52.00. The next price resistance is at 52.58. RSI (Relative Strength Index) is 24.17 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.88, which suggests the price will decrease in the coming days. Percent R is at 95.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Duke Realty Corporation subject to short interest?

Stocks of Duke Realty Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.31 million shares to 8.57 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.26 million shares. A jump of 38.62% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.66 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.66.

Which companies own the most shares of Duke Realty Corporation (DRE)?

According to The Vanguard Group, Inc. filings, the company currently owns 60,712,625 shares, which is about 15.77% of the total DRE shares outstanding. The investor’s shares have appreciated by 397,840 from its previous 13-F filing of 60314785.0 shares. With the completion of the sale transaction, Cohen & Steers Capital Management’s stake is now worth $2,757,303,699. SSgA Funds Management, Inc. reduced a -1.28% interest valued at $1.5 billion while BlackRock Fund Advisors sold a -169,127 stake. A total of -232,477 shares of Duke Realty Corporation were sold by Daiwa Asset Management Co. Ltd. during the quarter, and 218,934 were bought by Geode Capital Management LLC. In its current portfolio, Norges Bank Investment Management holds 6,803,345 shares valued at $400.38 million.


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