Duke Realty Corporation (DRE) Given Average Recommendation of “Hold” by Analysts

Shares of Duke Realty Corporation (NYSE:DRE) have earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $28.80.

Several equities analysts have recently commented on the stock. BidaskClub raised shares of Duke Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $30.00 price target on shares of Duke Realty Corporation in a research report on Wednesday, June 7th. Stifel Nicolaus boosted their price target on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. Bank of America Corporation cut shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $32.00 to $30.00 in a research report on Friday, June 23rd. Finally, Barclays PLC reduced their price target on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th.

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In other Duke Realty Corporation news, EVP Peter D. Harrington sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total value of $866,100.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Duke Realty Corporation by 0.4% in the second quarter. Vanguard Group Inc. now owns 57,188,532 shares of the real estate investment trust’s stock worth $1,598,419,000 after purchasing an additional 237,017 shares during the period. BlackRock Inc. grew its holdings in Duke Realty Corporation by 8.6% in the second quarter. BlackRock Inc. now owns 45,922,413 shares of the real estate investment trust’s stock worth $1,283,532,000 after purchasing an additional 3,652,025 shares during the period. FMR LLC grew its holdings in Duke Realty Corporation by 1.5% in the first quarter. FMR LLC now owns 42,040,885 shares of the real estate investment trust’s stock worth $1,104,415,000 after purchasing an additional 635,211 shares during the period. State Street Corp grew its holdings in Duke Realty Corporation by 0.4% in the second quarter. State Street Corp now owns 18,201,618 shares of the real estate investment trust’s stock worth $508,725,000 after purchasing an additional 76,304 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Duke Realty Corporation by 30.5% in the second quarter. Daiwa Securities Group Inc. now owns 8,109,890 shares of the real estate investment trust’s stock worth $226,671,000 after purchasing an additional 1,894,749 shares during the period. Institutional investors and hedge funds own 93.69% of the company’s stock.

Shares of Duke Realty Corporation (DRE) traded down 0.27% during mid-day trading on Tuesday, reaching $29.33. The company’s stock had a trading volume of 2,679,358 shares. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 7.23 and a beta of 0.93. The company’s 50-day moving average is $28.90 and its 200 day moving average is $27.78. Duke Realty Corporation has a 12 month low of $22.97 and a 12 month high of $29.90.

Duke Realty Corporation (NYSE:DRE) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $165.84 million during the quarter, compared to the consensus estimate of $185.25 million. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, equities analysts anticipate that Duke Realty Corporation will post $3.69 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 16th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Monday, August 14th. Duke Realty Corporation’s dividend payout ratio is currently 18.86%.

About Duke Realty Corporation

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 Corporation (NYSE:DRE)

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