Share on StockTwits

Analysts at RBC Capital boosted their target price on shares of Duke Realty Corp (NYSE:DRE) from $19.00 to $20.00 in a research report issued to clients and investors on Friday, AR Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 15.87% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird raised their price target on shares of Duke Realty Corp from $17.00 to $19.00 in a research note on Tuesday. Separately, analysts at TheStreet downgraded shares of Duke Realty Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, analysts at Oppenheimer initiated coverage on shares of Duke Realty Corp in a research note on Monday, May 5th. They set an “outperform” rating and a $19.00 price target on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.33.

In other Duke Realty Corp news, Director Thomas Baltimore, Jr. sold 25,000 shares of Duke Realty Corp stock on the open market in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $17.35, for a total transaction of $433,750.00. Following the sale, the director now directly owns 46,957 shares in the company, valued at approximately $814,704. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Duke Realty Corp (NYSE:DRE) opened at 17.26 on Friday. Duke Realty Corp has a 52 week low of $14.12 and a 52 week high of $18.80. The stock’s 50-day moving average is $17.19 and its 200-day moving average is $16.06. The company has a market cap of $5.687 billion and a price-to-earnings ratio of 40.21.

Duke Realty Corp (NYSE:DRE) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. Analysts expect that Duke Realty Corp will post $1.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Tuesday, May 13th.

Duke Realty Corporation (NYSE:DRE) is a self-administered and self-managed real estate investment trust (REIT).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.