RBC Capital Increases Duke Realty Corp Price Target to $22.00 (DRE)
Research analysts at RBC Capital hoisted their price objective on shares of Duke Realty Corp (NYSE:DRE) from $20.00 to $22.00 in a report released on Tuesday. RBC Capital’s target price suggests a potential upside of 22.15% from the stock’s previous close.
A number of other analysts have also recently weighed in on DRE. Analysts at Bank of America upgraded shares of Duke Realty Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $18.25 price target on the stock. 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. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Duke Realty Corp currently has an average rating of “Hold” and an average price target of $18.68.
Duke Realty Corp (NYSE:DRE) opened at 18.00 on Tuesday. Duke Realty Corp has a 52-week low of $14.12 and a 52-week high of $18.42. The stock’s 50-day moving average is $18.09 and its 200-day moving average is $17.18. The company has a market cap of $6.141 billion and a price-to-earnings ratio of 28.45.
Duke Realty Corp (NYSE:DRE) last announced its earnings results on Wednesday, July 30th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.01. The company had revenue of $233.50 million for the quarter, compared to the consensus estimate of $235.85 million. During the same quarter last year, the company posted $0.27 earnings per share. Duke Realty Corp’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Duke Realty Corp will post $1.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Tuesday, August 12th.
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.