Duke Realty Corp. Declares Quarterly Dividend of $0.17 (DRE)
Duke Realty Corp. (NYSE:DRE) announced a quarterly dividend on Wednesday, January 29th, StockRatingsNetwork reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.17 per share on Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 4.65%.
A number of research firms have recently commented on DRE. Analysts at Zacks reiterated a “neutral” rating on shares of Duke Realty Corp. in a research note to investors on Thursday, January 2nd. They now have a $16.00 price target on the stock. On the ratings front, analysts at BMO Capital Markets upgraded shares of Duke Realty Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $18.00 price target on the stock. Finally, 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. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Duke Realty Corp. has an average rating of “Hold” and a consensus price target of $17.44.
Duke Realty Corp. (NYSE:DRE) traded down 0.54% on Wednesday, hitting $14.63. The stock had a trading volume of 2,155,415 shares. Duke Realty Corp. has a 52 week low of $14.12 and a 52 week high of $18.80. The stock has a 50-day moving average of $14.85 and a 200-day moving average of $15.55. The company has a market cap of $4.766 billion and a P/E ratio of 98.72.
Duke Realty Corp. (NYSE:DRE) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.02. The company had revenue of $227.03 million for the quarter, compared to the consensus estimate of $220.27 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. 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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