Duke Realty Corp Given Average Rating of “Hold” by Brokerages (NYSE:DRE)
Shares of Duke Realty Corp (NYSE:DRE) have earned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, AmericanBankingNews.com reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.68.
DRE has been the subject of a number of recent research reports. 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.
Shares of Duke Realty Corp (NYSE:DRE) traded up 0.23% during mid-day trading on Wednesday, hitting $18.393. 193,003 shares of the company’s stock traded hands. Duke Realty Corp has a 52 week low of $14.14 and a 52 week high of $18.80. The stock has a 50-day moving average of $18.19 and a 200-day moving average of $17.43. The company has a market cap of $6.275 billion and a price-to-earnings ratio of 28.99.
Duke Realty Corp (NYSE:DRE) last posted its quarterly 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. Analysts expect that Duke Realty Corp will post $1.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Investors 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 3.71%. The ex-dividend date of this dividend is Tuesday, August 12th.
In other Duke Realty Corp news, COO James B. Connor unloaded 55,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $18.36, for a total transaction of $1,009,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Duke Realty Corporation (NYSE:DRE) is a self-administered and self-managed real estate investment trust (REIT).
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