Duke Realty Corporation (DRE) Stock Rating Reaffirmed by Stifel Nicolaus
Duke Realty Corporation (NYSE:DRE)‘s stock had its “buy” rating reaffirmed by analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They presently have a $31.00 target price on the real estate investment trust’s stock. Stifel Nicolaus’ target price points to a potential upside of 5.12% from the company’s previous close.
DRE has been the subject of several other reports. Bank of America Corporation cut Duke Realty Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the company from $32.00 to $30.00 in a research note on Friday, June 23rd. BidaskClub cut Duke Realty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Barclays PLC dropped their price target on Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Royal Bank Of Canada reiterated a “buy” rating and issued a $30.00 price target on shares of Duke Realty Corporation in a research note on Wednesday, June 7th. Finally, Morgan Stanley increased their price target on Duke Realty Corporation from $29.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $28.91.
Duke Realty Corporation (NYSE:DRE) traded down 0.34% during trading on Thursday, reaching $29.39. The company had a trading volume of 432,961 shares. The company has a market capitalization of $10.45 billion, a P/E ratio of 7.24 and a beta of 0.93. The stock has a 50 day moving average of $29.16 and a 200-day moving average of $28.00. Duke Realty Corporation has a 12 month low of $22.97 and a 12 month high of $30.14.
Duke Realty Corporation (NYSE:DRE) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. Duke Realty Corporation had a return on equity of 8.72% and a net margin of 166.06%. The business had revenue of $165.84 million during the quarter, compared to analysts’ expectations of $185.25 million. During the same period in the previous year, the company posted $0.30 earnings per share. Equities research analysts expect that Duke Realty Corporation will post $3.71 EPS for the current fiscal year.
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In related news, EVP Peter D. Harrington sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total value of $866,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its position in shares of Duke Realty Corporation by 10.0% during the 1st quarter. Legal & General Group Plc now owns 2,481,223 shares of the real estate investment trust’s stock worth $65,179,000 after buying an additional 226,426 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Duke Realty Corporation by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 56,951,515 shares of the real estate investment trust’s stock worth $1,496,116,000 after buying an additional 1,744,485 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Duke Realty Corporation by 18.1% during the 2nd quarter. Prudential Financial Inc. now owns 2,688,388 shares of the real estate investment trust’s stock worth $75,141,000 after buying an additional 411,563 shares in the last quarter. Eqis Capital Management Inc. bought a new position in shares of Duke Realty Corporation during the 2nd quarter worth approximately $248,000. Finally, Global X Management Co. LLC lifted its position in shares of Duke Realty Corporation by 74.6% during the 2nd quarter. Global X Management Co. LLC now owns 9,714 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 4,152 shares in the last quarter. 93.65% of the stock is currently owned by hedge funds and other institutional investors.
Duke Realty Corporation Company Profile
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.
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