Weekly Analysts’ Ratings Updates for Duke Realty (DRE)

Several analysts have recently updated their ratings and price targets for Duke Realty (NYSE: DRE):

  • 2/9/2018 – Duke Realty was given a new $27.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 2/7/2018 – Duke Realty was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Duke Realty have outperformed the industry it belongs to, in the past month. Further, the stock has seen the Zacks Consensus Estimate for 2018 funds from operations (FFO) per share being revised upward in a week’s time. Notably, the company’s fourth-quarter 2017 results witnessed same-property net operating income growth on the back of robust rental increase. Also, the medical office asset sale enabled the company to turn into a leading domestic pure-play industrial REIT. Further, Duke Realty is well positioned to benefit from escalating demand for industrial properties by offering modern distribution facilities in strategic in-fill locations. However, large-scale asset dispositions are expected to have a dilutive effect on earnings in the near term. Further, stiff competition and rate hike remain concerns.”
  • 2/5/2018 – Duke Realty was given a new $32.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 2/1/2018 – Duke Realty had its “neutral” rating reaffirmed by analysts at DA Davidson.
  • 1/31/2018 – Duke Realty had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $28.00 price target on the stock.
  • 1/8/2018 – Duke Realty was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Duke Realty have underperformed the industry it belongs to, in the past six months. Notably, the medical office asset sale enabled the company to turn itself into a leading domestic pure play industrial REIT. However, such large-scale asset dispositions are expected to have a dilutive effect on earnings in the near term. Additionally, the company has an extensive development pipeline that exposes it to operational risks, lease-up risks and entitlement delays. Further, stiff competition and rate hike remain concerns. Nonetheless, Duke Realty is well positioned to benefit from escalating demand for industrial properties by offering modern distribution facilities in strategic in-fill locations.”
  • 1/3/2018 – Duke Realty had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $31.00 price target on the stock, up previously from $29.00.
  • 1/3/2018 – Duke Realty was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $31.00 price target on the stock, up previously from $29.00.
  • 12/15/2017 – Duke Realty was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $29.00 price target on the stock.
  • 12/14/2017 – Duke Realty had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $31.00 price target on the stock.
  • 12/14/2017 – Duke Realty was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a $32.00 price target on the stock.

Duke Realty Corp (DRE) traded down $0.20 during trading hours on Monday, reaching $25.17. The company had a trading volume of 2,576,157 shares, compared to its average volume of 2,954,781. The stock has a market capitalization of $9,035.29, a price-to-earnings ratio of 5.52, a PEG ratio of 4.58 and a beta of 0.77. Duke Realty Corp has a 52-week low of $24.48 and a 52-week high of $30.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 3.23 and a current ratio of 4.43.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.18%. Duke Realty’s dividend payout ratio (DPR) is presently 17.54%.

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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