Brokerages predict that Duke Realty Corp (NYSE:DRE) will post sales of $175.00 million for the current quarter, according to Zacks. Four analysts have made estimates for Duke Realty’s earnings, with estimates ranging from $168.33 million to $184.36 million. Duke Realty posted sales of $204.26 million during the same quarter last year, which would indicate a negative year over year growth rate of 14.3%. The company is expected to report its next earnings report after the market closes on Wednesday, January 31st.

On average, analysts expect that Duke Realty will report full year sales of $175.00 million for the current financial year, with estimates ranging from $721.69 million to $760.30 million. For the next financial year, analysts expect that the business will report sales of $746.92 million per share, with estimates ranging from $683.24 million to $824.95 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Duke Realty.

Duke Realty (NYSE:DRE) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $169.61 million for the quarter, compared to the consensus estimate of $168.75 million. Duke Realty had a return on equity of 6.36% and a net margin of 178.66%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS.

A number of research firms have recently commented on DRE. Stifel Nicolaus restated a “buy” rating and issued a $31.00 price objective on shares of Duke Realty in a report on Thursday, September 21st. JPMorgan Chase & Co. downgraded Duke Realty from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Tuesday, September 26th. Zacks Investment Research downgraded Duke Realty from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. BMO Capital Markets set a $30.00 target price on Duke Realty and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird dropped their target price on Duke Realty from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Duke Realty presently has a consensus rating of “Hold” and a consensus price target of $29.75.

Several large investors have recently made changes to their positions in DRE. Advisor Group Inc. grew its stake in Duke Realty by 0.3% during the 2nd quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 12 shares in the last quarter. Toronto Dominion Bank grew its stake in Duke Realty by 12.6% during the 2nd quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 488 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in Duke Realty during the 3rd quarter valued at approximately $211,000. Synovus Financial Corp acquired a new stake in Duke Realty during the 3rd quarter valued at approximately $212,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Duke Realty during the 3rd quarter valued at approximately $228,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Duke Realty (NYSE DRE) traded up $0.08 during trading on Tuesday, hitting $25.71. The stock had a trading volume of 2,352,900 shares, compared to its average volume of 2,119,578. The stock has a market cap of $9,156.38, a P/E ratio of 6.17, a price-to-earnings-growth ratio of 4.68 and a beta of 0.90. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.45. Duke Realty has a 52 week low of $23.93 and a 52 week high of $30.14.

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About Duke Realty

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

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