Duke Realty Corp (DRE) Director Buys 10,000 Shares


Michael Szymanczyk, Director at Duke Realty Corp (NYSE:DRE), purchased 10,000 shares of Common Stock on Monday. The stock was bought indirectly through the Szymanczyk Family Joint Trust in which the insider is the grantor and he paid a price of $18.17 for each share. This is the director’s second stock acquisition of the fiscal year so far, as he purchased 10,000 shares of Common Stock for $17.53 per share back in May.

However, Szymanczyk is one of the only insiders who reported an acquisition at Duke Realty this quarter, as most filings focused on stock dispositions. The firm’s Chairman and Chief Executive Officer, Dennis Oklak, sold 31,057 shares of Common Stock at the end of June, receiving $17.82 per share, while Director Thomas Baltimore unloaded 23,800 shares for $17.35 each share in May.

Nonetheless, in terms of hedge fund holdings, Q1 showed major improvements. Israel Englander’s Millennium Management, for example, increased its stakes in the firm significantly by 1949%, boosting its total shares to over 1.9 million, with an estimated value of $32.1 million.

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