Apg Asset Management Us Has Cut Duke Realty (DRE) Position; California Resources (CRC) Covered By 4 Bulls

December 7, 2017 - By Clifton Ray

Apg Asset Management Us Inc decreased Duke Realty Corp (DRE) stake by 59.16% reported in 2017Q2 SEC filing. Apg Asset Management Us Inc sold 2.61M shares as Duke Realty Corp (DRE)’s stock rose 13.33%.

The Apg Asset Management Us Inc holds 1.80 million shares with $50.31M value, down from 4.41 million last quarter. Duke Realty Corp now has $9.84 billion valuation. The stock increased 0.07% or $0.02 during the last trading session, reaching $27.38. About 1.69 million shares traded. Duke Realty Corporation (NYSE:DRE) has risen 24.81% since December 7, 2016 and is uptrending. It has outperformed by 8.11% the S&P500.

Among 7 analysts covering California Resources Corporation (NYSE:CRC), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. California Resources Corporation had 17 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, November 7. The rating was downgraded by Societe Generale to “Hold” on Wednesday, March 2. Bank of America downgraded the shares of CRC in report on Friday, June 30 to “Underperform” rating. The firm has “Accumulate” rating given on Friday, September 25 by Johnson Rice. The firm earned “Neutral” rating on Friday, October 30 by Susquehanna. Bank of America downgraded the shares of CRC in report on Tuesday, February 23 to “Neutral” rating. The firm earned “Neutral” rating on Tuesday, January 26 by Susquehanna. Imperial Capital maintained it with “In-Line” rating and $18 target in Wednesday, November 8 report. The firm earned “Buy” rating on Monday, November 23 by Ladenburg Thalmann. On Wednesday, October 18 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. See California Resources Corporation (NYSE:CRC) latest ratings:

08/11/2017 Broker: Imperial Capital Rating: In-Line Old Target: $12 New Target: $18 Maintain
07/11/2017 Broker: Societe Generale Old Rating: Hold New Rating: Buy Upgrade
07/11/2017 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Overweight Old Target: $12 Upgrade
18/10/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $11 New Target: $12 Maintain
03/10/2017 Broker: Imperial Capital Rating: In-Line New Target: $12 Initiates Coverage On
30/06/2017 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Downgrade

Among 16 analysts covering Duke Realty (NYSE:DRE), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. Duke Realty had 35 analyst reports since August 3, 2015 according to SRatingsIntel. BMO Capital Markets upgraded Duke Realty Corporation (NYSE:DRE) on Friday, May 5 to “Hold” rating. The stock has “Buy” rating by Stifel Nicolaus on Friday, January 27. On Monday, July 17 the stock rating was maintained by Morgan Stanley with “Overweight”. The company was upgraded on Friday, December 16 by JP Morgan. The rating was upgraded by Robert W. Baird to “Outperform” on Monday, November 28. The firm earned “Buy” rating on Wednesday, April 5 by Bank of America. The company was downgraded on Tuesday, August 11 by Robert W. Baird. Miller Tabak upgraded Duke Realty Corporation (NYSE:DRE) on Wednesday, September 9 to “Hold” rating. As per Wednesday, September 28, the company rating was initiated by Mizuho. On Tuesday, September 26 the stock rating was downgraded by JP Morgan to “Neutral”.

Investors sentiment increased to 1.3 in 2017 Q2. Its up 0.37, from 0.93 in 2017Q1. It improved, as 23 investors sold DRE shares while 102 reduced holdings. 56 funds opened positions while 107 raised stakes. 326.63 million shares or 0.11% more from 326.26 million shares in 2017Q1 were reported. Dnb Asset Management As, Norway-based fund reported 34,842 shares. Westpac reported 0% in Duke Realty Corporation (NYSE:DRE). Ny State Common Retirement Fund stated it has 0.03% in Duke Realty Corporation (NYSE:DRE). 75,910 are held by Teachers Retirement System Of The State Of Kentucky. Magnetar Financial Lc holds 0.01% in Duke Realty Corporation (NYSE:DRE) or 28,179 shares. Stevens Management Ltd Partnership has 0.33% invested in Duke Realty Corporation (NYSE:DRE) for 310,400 shares. Sg Americas Secs Limited Liability holds 0.03% or 126,338 shares. Moreover, Monarch Asset Mgmt Ltd Com has 0.78% invested in Duke Realty Corporation (NYSE:DRE). Retirement Systems Of Alabama holds 0.07% or 458,415 shares in its portfolio. Teachers Ins Annuity Association Of America holds 355,455 shares. D E Shaw And reported 83,415 shares stake. Sumitomo Mitsui Asset Management Com Ltd holds 0.02% or 39,624 shares. Hbk Invests LP accumulated 118,100 shares or 0.03% of the stock. New Mexico Educational Retirement Board invested in 0.11% or 82,142 shares. Bankshares Of America Corp De has 1.11 million shares.

Analysts await Duke Realty Corporation (NYSE:DRE) to report earnings on January, 24. They expect $0.30 EPS, down 3.23% or $0.01 from last year’s $0.31 per share. DRE’s profit will be $107.83 million for 22.82 P/E if the $0.30 EPS becomes a reality. After $0.30 actual EPS reported by Duke Realty Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Apg Asset Management Us Inc increased Ddr Corp (NYSE:DDR) stake by 1.22 million shares to 5.33M valued at $48.36 million in 2017Q2. It also upped Equity Lifestyle Pptys Inc (NYSE:ELS) stake by 32,500 shares and now owns 1.03 million shares. Equity Residential (NYSE:EQR) was raised too.

The stock decreased 9.16% or $1.69 during the last trading session, reaching $16.75. About 2.76M shares traded or 64.44% up from the average. California Resources Corporation (NYSE:CRC) has declined 15.53% since December 7, 2016 and is downtrending. It has underperformed by 32.23% the S&P500.

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