Duke Realty Corp. Rating Increased to Outperform at BMO Capital Markets (DRE)
Duke Realty Corp. (NYSE:DRE) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on DRE. 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, October 31st. They now have a “neutral” rating on the stock. Separately, 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. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.50.
Shares of Duke Realty Corp. (NYSE:DRE) opened at 15.04 on Thursday. Duke Realty Corp. has a 52 week low of $13.94 and a 52 week high of $18.80. The stock has a 50-day moving average of $15.07 and a 200-day moving average of $15.63. The company has a market cap of $4.900 billion and a P/E ratio of 101.01.
Duke Realty Corp. (NYSE:DRE) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. 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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