Duke Realty Corp. (DRE) Declares Quarterly Dividend of $0.17
Duke Realty Corp. (NYSE:DRE) declared a quarterly dividend on Thursday, May 1st, Analyst Ratings.Net reports. Shareholders of record on Thursday, May 15th will be given a dividend of 0.17 per share on Friday, May 30th. This represents a $0.68 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Tuesday, May 13th.
A number of research firms have recently commented on DRE. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Duke Realty Corp. in a research note on Tuesday. They now have a $19.00 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of Duke Realty Corp. from $16.00 to $17.00 in a research note on Tuesday, April 22nd. They now have an “equal weight” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Duke Realty Corp. in a research note on Friday, April 4th. They set an “overweight” rating and a $19.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $18.00.
Shares of Duke Realty Corp. (NYSE:DRE) traded up 0.17% on Thursday, hitting $17.55. The stock had a trading volume of 1,702,647 shares. Duke Realty Corp. has a 1-year low of $14.12 and a 1-year high of $18.80. The stock’s 50-day moving average is $16.9 and its 200-day moving average is $15.99. The company has a market cap of $5.739 billion and a P/E ratio of 37.52.
Duke Realty Corp. (NYSE:DRE) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Analysts expect that Duke Realty Corp. will post $1.15 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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