Duke Realty Corp. (DRE) Announces Quarterly Earnings, Beats Expectations By $0.02 EPS
Duke Realty Corp. (NYSE:DRE) issued its quarterly earnings data on Thursday. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02, StockRatingsNetwork reports. 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 previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis.
Duke Realty Corp. (NYSE:DRE) opened at 14.63 on Thursday. Duke Realty Corp. has a 1-year low of $14.12 and a 1-year high of $18.80. The stock has a 50-day moving average of $14. and a 200-day moving average of $15.55. The company has a market cap of $4.766 billion and a price-to-earnings ratio of 98.72.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of 0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.65%.
Several analysts have recently commented on the stock. 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. 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. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $17.44.
Duke Realty Corporation (NYSE:DRE) is a self-administered and self-managed real estate investment trust (REIT).
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