Analyzing Duke Realty Corporation (DRE) & Its Peers
Duke Realty Corporation (NYSE: DRE) is one of 14 public companies in the “Industrial REITs” industry, but how does it contrast to its competitors? We will compare Duke Realty Corporation to similar businesses based on the strength of its analyst recommendations, risk, institutional ownership, profitability, valuation, dividends and earnings.
Risk & Volatility
Duke Realty Corporation has a beta of 0.92, suggesting that its share price is 8% less volatile than the S&P 500. Comparatively, Duke Realty Corporation’s competitors have a beta of 1.06, suggesting that their average share price is 6% more volatile than the S&P 500.
Duke Realty Corporation pays an annual dividend of $0.76 per share and has a dividend yield of 2.6%. Duke Realty Corporation pays out 18.2% of its earnings in the form of a dividend. As a group, “Industrial REITs” companies pay a dividend yield of 2.9% and pay out 81.0% of their earnings in the form of a dividend. Duke Realty Corporation has raised its dividend for 2 consecutive years.
This table compares Duke Realty Corporation and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Duke Realty Corporation||178.66%||6.36%||3.68%|
|Duke Realty Corporation Competitors||52.16%||7.10%||3.68%|
Valuation & Earnings
This table compares Duke Realty Corporation and its competitors revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Duke Realty Corporation||$902.24 million||$312.14 million||6.94|
|Duke Realty Corporation Competitors||$606.71 million||$215.55 million||141.04|
Duke Realty Corporation has higher revenue and earnings than its competitors. Duke Realty Corporation is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This is a summary of recent recommendations for Duke Realty Corporation and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Duke Realty Corporation||0||5||5||0||2.50|
|Duke Realty Corporation Competitors||56||502||494||5||2.42|
Duke Realty Corporation currently has a consensus target price of $29.56, suggesting a potential upside of 2.06%. As a group, “Industrial REITs” companies have a potential downside of 0.91%. Given Duke Realty Corporation’s stronger consensus rating and higher probable upside, analysts clearly believe Duke Realty Corporation is more favorable than its competitors.
Insider and Institutional Ownership
92.1% of Duke Realty Corporation shares are held by institutional investors. Comparatively, 91.8% of shares of all “Industrial REITs” companies are held by institutional investors. 0.3% of Duke Realty Corporation shares are held by insiders. Comparatively, 1.8% of shares of all “Industrial REITs” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Duke Realty Corporation beats its competitors on 8 of the 15 factors compared.
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. The operations of its industrial and medical office properties, as well as its rental operations, are collectively referred to as Rental Operations. The third segment includes real estate services, such as property management, asset management, leasing, development, general contracting and construction management. Its Service Operations segment also includes its taxable REIT subsidiary, through which certain of the segment’s operations are conducted. It maintains a Baa1 rating from Moody’s Investor Service, Inc. and a BBB+ rating from Standard & Poor’s Financial Services LLC.
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