Duke Realty Corp Hits New 1-Year High at $18.30 (DRE)
Duke Realty Corp (NYSE:DRE) shares reached a new 52-week high on Tuesday , AnalystRatings.Net reports. The company traded as high as $18.30 and last traded at $18.29, with a volume of 1,129,595 shares. The stock had previously closed at $18.16.
A number of research firms have recently commented on DRE. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Duke Realty Corp in a research note on Thursday, June 19th. They now have a $18.50 price target on the stock, up previously from $17.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Duke Realty Corp in a research note on Friday, June 13th. They now have a $19.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Duke Realty Corp from $19.00 to $20.00 in a research note on Friday, May 16th. They now have an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.55.
The stock has a 50-day moving average of $17.70 and a 200-day moving average of $16.53. The company has a market cap of $6.007 billion and a price-to-earnings ratio of 41.84.
Duke Realty Corp (NYSE:DRE) last issued its quarterly earnings data 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 $1.16 EPS for the current fiscal year.
In other Duke Realty Corp news, CEO Dennis D. Oklak sold 94,735 shares of the stock on the open market in a transaction dated Thursday, June 26th. The stock was sold at an average price of $17.99, for a total transaction of $1,704,282.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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.