Insider Buying: Michael E. Szymanczyk Buys 10,000 Shares of Duke Realty Corp Stock (DRE)
Duke Realty Corp (NYSE:DRE) Director Michael E. Szymanczyk bought 10,000 shares of the stock in a transaction dated Monday, August 11th. The shares were purchased at an average cost of $18.17 per share, for a total transaction of $181,700.00. Following the completion of the acquisition, the director now directly owns 2,881 shares in the company, valued at approximately $52,348. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Duke Realty Corp from $20.00 to $22.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.68.
Duke Realty Corp (NYSE:DRE) traded up 1.36% on Wednesday, hitting $18.215. The stock had a trading volume of 1,134,698 shares. Duke Realty Corp has a one year low of $14.12 and a one year high of $18.42. The stock has a 50-day moving average of $18.09 and a 200-day moving average of $17.22. The company has a market cap of $6.214 billion and a price-to-earnings ratio of 28.39.
Duke Realty Corp (NYSE:DRE) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. 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. Shareholders 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).
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