Duke Realty Corporation (NYSE:DRE) – DA Davidson boosted their FY2017 earnings estimates for shares of Duke Realty Corporation in a report issued on Thursday. DA Davidson analyst B. Oxford now expects that the real estate investment trust will post earnings per share of $1.23 for the year, up from their previous estimate of $1.19. DA Davidson also issued estimates for Duke Realty Corporation’s Q3 2018 earnings at $0.33 EPS.

Duke Realty Corporation (NYSE:DRE) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Duke Realty Corporation had a net margin of 178.66% and a return on equity of 6.36%. The firm had revenue of $169.61 million during the quarter, compared to the consensus estimate of $168.75 million. During the same quarter last year, the firm earned $0.31 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis.

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DRE has been the subject of several other research reports. J P Morgan Chase & Co lowered shares of Duke Realty Corporation from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Tuesday, September 26th. BidaskClub raised shares of Duke Realty Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Duke Realty Corporation from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Monday, October 2nd. Barclays PLC dropped their price target on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Finally, BMO Capital Markets set a $30.00 price target on shares of Duke Realty Corporation and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.45.

Shares of Duke Realty Corporation (NYSE DRE) opened at 28.62 on Monday. The company has a 50-day moving average of $29.09 and a 200 day moving average of $28.57. The firm has a market cap of $10.18 billion, a P/E ratio of 7.05 and a beta of 0.93. Duke Realty Corporation has a 12-month low of $22.97 and a 12-month high of $30.14.

Several institutional investors have recently added to or reduced their stakes in DRE. Bessemer Group Inc. increased its position in shares of Duke Realty Corporation by 4,741.6% in the second quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 3,651 shares in the last quarter. First Personal Financial Services increased its position in shares of Duke Realty Corporation by 1.2% in the second quarter. First Personal Financial Services now owns 3,931 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 46 shares in the last quarter. Advisor Group Inc. increased its position in shares of Duke Realty Corporation by 0.3% in the second quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 12 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Duke Realty Corporation by 12.6% in the second quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 488 shares in the last quarter. Finally, Fiduciary Trust Co. acquired a new stake in shares of Duke Realty Corporation in the second quarter worth $201,000. 92.71% of the stock is owned by institutional investors.

In other news, EVP Peter D. Harrington sold 30,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total value of $866,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.80%. This is a positive change from Duke Realty Corporation’s previous quarterly dividend of $0.19. Duke Realty Corporation’s dividend payout ratio is presently 18.23%.

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.

Earnings History and Estimates for Duke Realty Corporation (NYSE:DRE)

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