Insider Selling: James B. Connor Sells 55,000 Shares of Duke Realty Corp Stock (DRE)
Duke Realty Corp (NYSE:DRE) COO James B. Connor sold 55,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $18.36, for a total value of $1,009,800.00. Following the transaction, the chief operating officer now directly owns 128,112 shares of the company’s stock, valued at approximately $2,352,136. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Duke Realty Corp (NYSE:DRE) traded down 0.11% on Thursday, hitting $18.70. The stock had a trading volume of 162,889 shares. Duke Realty Corp has a one year low of $14.14 and a one year high of $18.73. The stock’s 50-day moving average is $18.15 and its 200-day moving average is $17.3. The company has a market cap of $6.380 billion and a P/E ratio of 29.57.
Duke Realty Corp (NYSE:DRE) last released its earnings data 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. Analysts expect that Duke Realty Corp will post $1.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Tuesday, August 12th.
A number of research firms have recently commented on DRE. 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, August 12th. 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $18.68.
Duke Realty Corporation (NYSE:DRE) is a self-administered and self-managed real estate investment trust (REIT).
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