Duke Realty Corp (DRE) Given Consensus Rating of “Buy” by Analysts

Shares of Duke Realty Corp (NYSE:DRE) have been given a consensus rating of “Buy” by the thirteen analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $30.67.

Several research firms recently issued reports on DRE. BMO Capital Markets raised Duke Realty from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 9th. BTIG Research raised Duke Realty from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 8th. Zacks Investment Research downgraded Duke Realty from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. SunTrust Banks upgraded Duke Realty from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. Finally, Barclays restated a “hold” rating and set a $28.00 price target on shares of Duke Realty in a report on Thursday, February 14th.

In other news, insider Steven W. Schnur sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.82, for a total value of $298,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Melanie R. Sabelhaus sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $30.89, for a total value of $154,450.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,674 shares of company stock worth $2,805,226. Company insiders own 0.29% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc grew its position in shares of Duke Realty by 0.4% in the third quarter. Vanguard Group Inc now owns 57,237,534 shares of the real estate investment trust’s stock valued at $1,623,829,000 after purchasing an additional 213,531 shares during the period. BlackRock Inc. grew its holdings in shares of Duke Realty by 1.9% during the fourth quarter. BlackRock Inc. now owns 39,591,883 shares of the real estate investment trust’s stock valued at $1,025,429,000 after purchasing an additional 734,164 shares during the last quarter. Boston Partners boosted its position in shares of Duke Realty by 2.6% during the fourth quarter. Boston Partners now owns 7,412,866 shares of the real estate investment trust’s stock worth $191,994,000 after buying an additional 190,422 shares during the period. PGGM Investments boosted its position in shares of Duke Realty by 24.4% during the fourth quarter. PGGM Investments now owns 6,727,800 shares of the real estate investment trust’s stock worth $174,250,000 after buying an additional 1,320,000 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Duke Realty by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 6,044,402 shares of the real estate investment trust’s stock valued at $156,339,000 after acquiring an additional 473,385 shares during the last quarter. 93.67% of the stock is owned by institutional investors.

Shares of Duke Realty stock traded up $0.03 during trading hours on Wednesday, hitting $30.97. The company’s stock had a trading volume of 51,736 shares, compared to its average volume of 1,630,050. Duke Realty has a twelve month low of $24.67 and a twelve month high of $31.00. The firm has a market cap of $11.06 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 4.53 and a beta of 0.76. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Duke Realty (NYSE:DRE) last announced its quarterly earnings results on Wednesday, January 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.17). Duke Realty had a net margin of 40.48% and a return on equity of 8.02%. The business had revenue of $202.86 million during the quarter, compared to analyst estimates of $200.75 million. During the same period last year, the company earned $0.30 EPS. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, equities analysts expect that Duke Realty will post 1.39 earnings per share for the current year.

Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 153 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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Analyst Recommendations for Duke Realty (NYSE:DRE)

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