Duke Realty Corp. PT Raised to $17.00 at Cowen and Company (DRE)
Cowen and Company boosted their price objective on shares of Duke Realty Corp. (NYSE:DRE) from $16.00 to $17.00 in a research note issued on Monday, Stock Ratings News reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target indicates a potential downside of 1.11% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie initiated coverage on shares of Duke Realty Corp. in a research note to investors on Friday, October 11th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Duke Realty Corp. in a research note to investors on Monday, September 30th. They now have a $17.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Duke Realty Corp. from $18.00 to $17.00 in a research note to investors on Tuesday, August 20th. They now have a “sector perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Duke Realty Corp. presently has an average rating of “Hold” and an average target price of $16.81.
Duke Realty Corp. (NYSE:DRE) traded up 1.06% on Monday, hitting $17.19. 1,803,493 shares of the company’s stock traded hands. Duke Realty Corp. has a 52 week low of $12.71 and a 52 week high of $18.80. The stock’s 50-day moving average is $15.29 and its 200-day moving average is $16.45. The company has a market cap of $5.587 billion and a P/E ratio of 197.79.
Duke Realty Corp. (NYSE:DRE) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.01. The company had revenue of $275.46 million for the quarter, compared to the consensus estimate of $223.96 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, analysts predict that Duke Realty Corp. will post $1.08 earnings per share for the current fiscal year.
Duke Realty Corporation (NYSE:DRE) is a self-administered and self-managed real estate investment trust (REIT).
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