Duke Realty Corp Receives Average Recommendation of “Hold” from Analysts (NYSE:DRE)
Shares of Duke Realty Corp (NYSE:DRE) have been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the company, AnalystRatings.Net reports. Six analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.68.
Shares of Duke Realty Corp (NYSE:DRE) opened at 18.60 on Wednesday. Duke Realty Corp has a 1-year low of $14.14 and a 1-year high of $18.80. The stock has a 50-day moving average of $18.23 and a 200-day moving average of $17.47. The company has a market cap of $6.346 billion and a price-to-earnings ratio of 28.99.
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 in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts expect that Duke Realty Corp will post $1.17 EPS for the current fiscal year.
In other Duke Realty Corp news, COO James B. Connor sold 55,000 shares of the stock 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 filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on DRE shares. 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.
Duke Realty Corporation (NYSE:DRE) is a self-administered and self-managed real estate investment trust (REIT).
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