Duke Realty (DRE) Given a $27.00 Price Target by SunTrust Banks Analysts

Duke Realty (NYSE:DRE) received a $27.00 price objective from investment analysts at SunTrust Banks in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. SunTrust Banks’ price objective would indicate a potential upside of 6.42% from the stock’s current price.

DRE has been the subject of a number of other reports. Zacks Investment Research cut Duke Realty from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Royal Bank of Canada cut Duke Realty from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $29.00 to $31.00 in a report on Wednesday, January 3rd. DA Davidson reissued a “neutral” rating on shares of Duke Realty in a report on Thursday, February 1st. Morgan Stanley reissued an “overweight” rating and issued a $31.00 target price on shares of Duke Realty in a report on Thursday, December 14th. Finally, JPMorgan Chase & Co. cut Duke Realty from a “neutral” rating to an “underweight” rating and set a $29.00 target price for the company. in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $29.82.

Duke Realty (NYSE:DRE) opened at $25.37 on Friday. Duke Realty has a twelve month low of $24.48 and a twelve month high of $30.14. The company has a quick ratio of 3.23, a current ratio of 4.43 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $8,732.58, a P/E ratio of 5.56, a PEG ratio of 4.43 and a beta of 0.77.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. grew its position in Duke Realty by 28.4% during the 4th quarter. Eqis Capital Management Inc. now owns 13,820 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 3,060 shares during the last quarter. Boston Partners bought a new stake in Duke Realty during the 3rd quarter worth approximately $93,065,000. Prudential Financial Inc. grew its position in Duke Realty by 8.8% during the 3rd quarter. Prudential Financial Inc. now owns 2,925,482 shares of the real estate investment trust’s stock worth $84,313,000 after acquiring an additional 237,094 shares during the last quarter. Duff & Phelps Investment Management Co. grew its position in Duke Realty by 44.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,732,853 shares of the real estate investment trust’s stock worth $78,761,000 after acquiring an additional 835,750 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Duke Realty by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,295,486 shares of the real estate investment trust’s stock worth $37,429,000 after acquiring an additional 4,207 shares during the last quarter. Institutional investors and hedge funds own 94.15% of the company’s stock.

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Duke Realty 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.

Analyst Recommendations for Duke Realty (NYSE:DRE)

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