Duke Realty Corp (NYSE:DRE) had its price objective lifted by equities research analysts at Barclays PLC from $25.00 to $26.00 in a report released on Wednesday. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays PLC’s price target would indicate a potential downside of 5.83% from the company’s current price.
Several other brokerages have also recently weighed in on DRE. Zacks Investment Research upgraded Duke Realty Corp from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. Bank of America Corp upgraded Duke Realty Corp from a “neutral” rating to a “buy” rating and upped their price target for the company from $28.00 to $30.00 in a research report on Wednesday, April 5th. BMO Capital Markets reiterated a “hold” rating and set a $28.00 price target on shares of Duke Realty Corp in a research report on Monday, March 20th. Stifel Nicolaus decreased their price objective on shares of Duke Realty Corp from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, January 27th. Finally, Mizuho upgraded shares of Duke Realty Corp from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $27.00 to $28.00 in a research report on Monday, February 6th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Duke Realty Corp currently has an average rating of “Buy” and an average price target of $28.58.
Duke Realty Corp (NYSE:DRE) traded down 0.18% during trading on Wednesday, reaching $27.61. 2,156,825 shares of the company were exchanged. The firm’s 50 day moving average price is $26.29 and its 200-day moving average price is $25.77. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 31.27 and a beta of 0.93. Duke Realty Corp has a one year low of $21.11 and a one year high of $28.99.
Duke Realty Corp (NYSE:DRE) last announced its quarterly earnings results on Wednesday, January 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Duke Realty Corp had a return on equity of 9.27% and a net margin of 34.60%. The firm had revenue of $204.26 million for the quarter, compared to analysts’ expectations of $205.04 million. During the same period in the prior year, the business posted $0.29 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts predict that Duke Realty Corp will post $0.30 earnings per share for the current year.
In related news, Director Charles R. Eitel sold 5,246 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $25.52, for a total value of $133,877.92. Following the transaction, the director now directly owns 4,949 shares in the company, valued at $126,298.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DRE. Pacad Investment Ltd. acquired a new position in shares of Duke Realty Corp during the fourth quarter worth approximately $130,000. Advisor Group Inc. boosted its position in shares of Duke Realty Corp by 42.9% in the third quarter. Advisor Group Inc. now owns 5,106 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 1,534 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Duke Realty Corp during the fourth quarter worth approximately $141,000. Quadrant Capital Group LLC boosted its position in shares of Duke Realty Corp by 10.4% in the first quarter. Quadrant Capital Group LLC now owns 7,020 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 660 shares during the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of Duke Realty Corp during the third quarter worth approximately $202,000. Institutional investors and hedge funds own 93.13% of the company’s stock.
Duke Realty Corp Company Profile
Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments.
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