Shares of Duke Realty Corp (NYSE:DRE) ended Thursday session in green amid volatile trading. The shares closed up +0.21 points or 0.77% at $27.40 with 4.48 million shares getting traded. Post opening the session at $27.48, the shares hit an intraday low of $27.35 and an intraday high of $27.69 and the price vacillated in this range throughout the day. The company has a market cap of $9.72 billion and the numbers of outstanding shares have been calculated to be 350.76 million shares.
On September 15, 2016 The Atlanta office of Duke Realty Corporation (DRE), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of quality industrial facilities, announces that it has executed a long-term lease agreement for a 1,435,750-square-foot, build-to-suit distribution facility with Floor & Decor, an Atlanta-based company that operates large, consumer retail stores offering hard-surface flooring, countertops, sinks and related accessories. Construction on the building, which is being built on 90 acres located about 10 miles from the Port of Savannah, is slated to begin in November 2016, with Floor & Decor relocating to its new facility in early 2018.
“Floor & Decor has been a valued customer for several years, and we are excited to continue our partnership with them by delivering a new facility that can help them more efficiently deliver product to their retail stores,” said Chris Brown, Senior Vice President, Georgia and Tennessee. “This new facility will be state-of-the-art and incorporate modern features that will help facilitate product storage and distribution.”
“The location of this new distribution center will allow us to efficiently manage our import operations and serve our retail outlets in the eastern portion of the United States,” said Brian Robbins, EVP Supply Chain, Floor & Decor.
Duke Realty worked closely with the Savannah Economic Development Authority (SEDA) on the transaction, which represents one of the area’s largest development projects. “Our city and the port are pleased that Floor & Decor has elected to maintain operations here,” said Tripp Tollison, President, SEDA.
Shares of Citizens Financial Group Inc (NYSE:CFG) ended Thursday session in red amid volatile trading. The shares closed down -0.07 points or -0.29% at $24.24 with 4.44 million shares getting traded. Post opening the session at $24.39, the shares hit an intraday low of $24.16 and an intraday high of $24.50 and the price vacillated in this range throughout the day. The company has a market cap of $12.66 billion and the numbers of outstanding shares have been calculated to be 564.44 million shares.
Citizens Financial Group Inc (CFG) on August 25, 2016 announced that its board of directors declared a semi-annual dividend on CFG’s 5.500% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series A. A dividend of $27.50 per share is payable on October 6, 2016 to shareholders of record at the close of business on September 21, 2016.