Duke Realty Corp. Declares Quarterly Dividend of $0.17 (DRE)
Duke Realty Corp. (NYSE:DRE) announced a quarterly dividend on Thursday, October 31st, StockRatingsNetwork.com reports. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.17 per share on Friday, November 29th. This represents a $0.68 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Tuesday, November 12th.
DRE has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Duke Realty Corp. from $17.00 to $18.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. On a related note, analysts at Cowen and Company raised their price target on shares of Duke Realty Corp. from $16.00 to $17.00 in a research note to investors on Monday, October 21st. They now have an “outperform” rating on the stock. Finally, 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. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.04.
Shares of Duke Realty Corp. (NYSE:DRE) traded down 0.54% on Thursday, hitting $16.57. 3,840,217 shares of the company’s stock traded hands. Duke Realty Corp. has a one year low of $12.71 and a one year high of $18.80. The stock’s 50-day moving average is $15.98 and its 200-day moving average is $16.27. The company has a market cap of $5.386 billion and a P/E ratio of 193.72.
Duke Realty Corp. (NYSE:DRE) last announced its earnings results on Thursday, October 31st. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. The company had revenue of $291.69 million for the quarter, compared to the consensus estimate of $236.24 million. During the same quarter last year, the company posted $0.26 earnings per share. Duke Realty Corp.’s revenue was down .5% compared to the same quarter last year. Analysts expect that Duke Realty Corp. will post $1.08 EPS 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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