$0.35 EPS Expected for Duke Realty Corp (DRE) This Quarter

Wall Street analysts expect Duke Realty Corp (NYSE:DRE) to post $0.35 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Duke Realty’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.36. Duke Realty reported earnings of $0.30 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The business is expected to issue its next earnings report after the market closes on Wednesday, January 30th.

According to Zacks, analysts expect that Duke Realty will report full year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.33 to $1.36. For the next fiscal year, analysts expect that the firm will report earnings of $1.38 per share, with EPS estimates ranging from $1.34 to $1.42. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Duke Realty.

Duke Realty (NYSE:DRE) last issued its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Duke Realty had a return on equity of 8.01% and a net margin of 56.94%. The firm had revenue of $196.91 million during the quarter, compared to analysts’ expectations of $197.78 million.

DRE has been the subject of several research reports. Zacks Investment Research cut Duke Realty from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. ValuEngine raised Duke Realty from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. raised Duke Realty from a “neutral” rating to an “overweight” rating in a research note on Wednesday, December 19th. Scotiabank began coverage on Duke Realty in a research note on Tuesday, October 16th. They set a “sector perform” rating on the stock. Finally, Wells Fargo & Co raised Duke Realty from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $30.00 to $33.00 in a research note on Tuesday, December 11th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $30.33.

In related news, Director Melanie R. Sabelhaus sold 2,500 shares of the stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $27.98, for a total transaction of $69,950.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. WINTON GROUP Ltd lifted its stake in Duke Realty by 1,367.1% during the 3rd quarter. WINTON GROUP Ltd now owns 117,047 shares of the real estate investment trust’s stock worth $3,321,000 after acquiring an additional 109,069 shares in the last quarter. Green Street Investors LLC purchased a new stake in Duke Realty during the 3rd quarter worth about $8,394,000. Raymond James & Associates increased its holdings in Duke Realty by 16.1% during the 2nd quarter. Raymond James & Associates now owns 302,475 shares of the real estate investment trust’s stock worth $8,781,000 after purchasing an additional 41,931 shares during the period. Lourd Capital LLC purchased a new stake in Duke Realty during the 3rd quarter worth about $217,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Duke Realty during the 3rd quarter worth about $103,000. 92.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DRE traded down $0.37 during trading hours on Thursday, hitting $28.05. 235,334 shares of the stock were exchanged, compared to its average volume of 2,259,153. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.60 and a current ratio of 2.60. Duke Realty has a 12-month low of $24.30 and a 12-month high of $29.48. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 4.20 and a beta of 0.67.

Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 150 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index.

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Earnings History and Estimates for Duke Realty (NYSE:DRE)

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