Brokerages predict that Duke Realty Corp (NYSE:DRE) will post $0.31 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Duke Realty Corp’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.32. Duke Realty Corp reported earnings per share of $0.30 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.3%. The business is scheduled to announce its next quarterly earnings results on Wednesday, July 26th.
On average, analysts expect that Duke Realty Corp will report full-year earnings of $1.25 per share for the current financial year, with EPS estimates ranging from $1.24 to $1.29. For the next year, analysts expect that the business will report earnings of $1.34 per share, with EPS estimates ranging from $1.29 to $1.38. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Duke Realty Corp.
Duke Realty Corp (NYSE:DRE) last issued its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. Duke Realty Corp had a net margin of 34.60% and a return on equity of 9.27%. The firm had revenue of $227.30 million for the quarter, compared to analysts’ expectations of $204.47 million. During the same quarter in the prior year, the business earned $0.28 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis.
DRE has been the topic of a number of research analyst reports. Bank of America Corp upgraded Duke Realty Corp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $28.00 to $30.00 in a research note on Wednesday, April 5th. Mizuho upgraded Duke Realty Corp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $27.00 to $28.00 in a research note on Monday, February 6th. They noted that the move was a valuation call. Stifel Nicolaus dropped their price target on Duke Realty Corp from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, January 27th. Barclays PLC dropped their price target on Duke Realty Corp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, January 23rd. Finally, Zacks Investment Research upgraded Duke Realty Corp from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Duke Realty Corp presently has a consensus rating of “Buy” and a consensus price target of $28.58.
Duke Realty Corp (NYSE:DRE) traded down 0.82% during midday trading on Thursday, reaching $27.73. 1,950,638 shares of the company’s stock were exchanged. Duke Realty Corp has a 52 week low of $21.94 and a 52 week high of $28.99. The firm’s 50 day moving average is $26.67 and its 200 day moving average is $25.86. The firm has a market capitalization of $9.85 billion, a price-to-earnings ratio of 29.13 and a beta of 0.93.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Tuesday, May 16th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, May 12th. This represents a $0.76 dividend on an annualized basis and a yield of 2.74%. Duke Realty Corp’s dividend payout ratio is currently 86.36%.
In related news, Director Charles R. Eitel sold 5,246 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $25.52, for a total value of $133,877.92. Following the sale, the director now owns 4,949 shares in the company, valued at $126,298.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Pacad Investment Ltd. purchased a new stake in shares of Duke Realty Corp during the fourth quarter worth approximately $130,000. Advisor Group Inc. raised its stake in shares of Duke Realty Corp by 42.9% in the third quarter. Advisor Group Inc. now owns 5,106 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 1,534 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Duke Realty Corp during the fourth quarter worth approximately $141,000. Quadrant Capital Group LLC raised its stake in shares of Duke Realty Corp by 10.4% in the first quarter. Quadrant Capital Group LLC now owns 7,020 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 660 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Duke Realty Corp during the fourth quarter worth approximately $200,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.
Duke Realty Corp 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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