$0.30 EPS Expected for Duke Realty Corporation (DRE) This Quarter
Wall Street brokerages predict that Duke Realty Corporation (NYSE:DRE) will post earnings per share of $0.30 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Duke Realty Corporation’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. Duke Realty Corporation reported earnings of $0.13 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 130.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, January 24th.
On average, analysts expect that Duke Realty Corporation will report full year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.19 to $1.24. For the next financial year, analysts forecast that the company will report earnings of $1.27 per share, with EPS estimates ranging from $1.25 to $1.32. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Duke Realty Corporation.
Duke Realty Corporation (NYSE:DRE) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $169.61 million during the quarter, compared to analysts’ expectations of $168.75 million. Duke Realty Corporation had a net margin of 178.66% and a return on equity of 6.36%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS.
Several research analysts recently commented on DRE shares. J P Morgan Chase & Co cut Duke Realty Corporation from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Tuesday, September 26th. Zacks Investment Research cut Duke Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Stifel Nicolaus reissued a “buy” rating and set a $31.00 target price on shares of Duke Realty Corporation in a research note on Thursday, September 21st. Barclays PLC lowered their target price 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. Finally, Morgan Stanley boosted their target price on Duke Realty Corporation from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $29.55.
Duke Realty Corporation (DRE) opened at $28.82 on Friday. The stock has a market cap of $10.22 billion, a P/E ratio of 22.97, a P/E/G ratio of 5.30 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 4.05 and a current ratio of 3.23.
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 dividend of $0.20 per share. This is a boost from Duke Realty Corporation’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Wednesday, November 15th. Duke Realty Corporation’s dividend payout ratio is currently 18.23%.
Several institutional investors have recently bought and sold shares of DRE. Teachers Advisors LLC lifted its holdings in shares of Duke Realty Corporation by 187.9% in the 1st quarter. Teachers Advisors LLC now owns 1,178,497 shares of the real estate investment trust’s stock valued at $30,959,000 after purchasing an additional 769,159 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Duke Realty Corporation by 7.0% in the 1st quarter. AQR Capital Management LLC now owns 241,610 shares of the real estate investment trust’s stock valued at $6,347,000 after purchasing an additional 15,823 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Duke Realty Corporation in the 1st quarter valued at about $236,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Duke Realty Corporation by 4.5% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 53,448 shares of the real estate investment trust’s stock valued at $1,404,000 after purchasing an additional 2,300 shares during the last quarter. Finally, DnB Asset Management AS lifted its holdings in shares of Duke Realty Corporation by 32.8% in the 2nd quarter. DnB Asset Management AS now owns 34,842 shares of the real estate investment trust’s stock valued at $974,000 after purchasing an additional 8,600 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.
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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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