Duke Realty Corporation (NYSE:DRE) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages have also weighed in on DRE. Royal Bank Of Canada reissued a “buy” rating and set a $30.00 target price on shares of Duke Realty Corporation in a research report on Wednesday, June 7th. Stifel Nicolaus raised their target price on Duke Realty Corporation from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Bank of America Corporation lowered Duke Realty Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $32.00 to $30.00 in a research report on Friday, June 23rd. Barclays PLC cut their target price on Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Finally, Morgan Stanley raised their target price on Duke Realty Corporation from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Duke Realty Corporation presently has an average rating of “Hold” and an average target price of $28.92.

Shares of Duke Realty Corporation (NYSE:DRE) traded down 0.75% during midday trading on Wednesday, hitting $27.77. The stock had a trading volume of 3,448,979 shares. Duke Realty Corporation has a one year low of $22.97 and a one year high of $29.25. The stock has a market cap of $9.87 billion, a PE ratio of 29.17 and a beta of 0.94. The firm has a 50 day moving average price of $28.25 and a 200 day moving average price of $27.01.

Duke Realty Corporation (NYSE:DRE) last issued its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Duke Realty Corporation had a return on equity of 9.74% and a net margin of 37.48%. The business had revenue of $227.30 million for the quarter, compared to analyst estimates of $204.47 million. During the same quarter last year, the company earned $0.28 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Duke Realty Corporation will post $0.45 earnings per share for the current fiscal year.

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In other Duke Realty Corporation news, Director Peter M. Scott III sold 2,500 shares of Duke Realty Corporation stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $28.25, for a total value of $70,625.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jack R. Shaw sold 4,803 shares of Duke Realty Corporation stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $27.57, for a total value of $132,418.71. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Personal Financial Services increased its position in shares of Duke Realty Corporation by 117.6% in the first quarter. First Personal Financial Services now owns 3,885 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 2,100 shares during the period. Toronto Dominion Bank increased its position in shares of Duke Realty Corporation by 9.6% in the first quarter. Toronto Dominion Bank now owns 3,881 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 341 shares during the period. Harbour Capital Advisors LLC bought a new position in shares of Duke Realty Corporation during the first quarter valued at $132,000. Global X Management Co. LLC increased its position in shares of Duke Realty Corporation by 45.2% in the first quarter. Global X Management Co. LLC now owns 5,562 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 1,732 shares during the period. Finally, Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Duke Realty Corporation during the first quarter valued at $148,000. Institutional investors own 92.96% of the company’s stock.

About Duke Realty Corporation

Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments.

Analyst Recommendations for Duke Realty Corporation (NYSE:DRE)

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