Analysts Issue Forecasts for Duke Realty Corp’s Q1 2019 Earnings (DRE)

Duke Realty Corp (NYSE:DRE) – Equities research analysts at DA Davidson lowered their Q1 2019 earnings per share (EPS) estimates for shares of Duke Realty in a research note issued to investors on Thursday, October 25th. DA Davidson analyst B. Oxford now expects that the real estate investment trust will earn $0.32 per share for the quarter, down from their previous forecast of $0.33. DA Davidson also issued estimates for Duke Realty’s Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.38 EPS.

Several other analysts have also recently issued reports on DRE. Barclays reaffirmed a “hold” rating and set a $26.00 price objective on shares of Duke Realty in a report on Sunday, October 14th. ValuEngine raised Duke Realty from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Scotiabank assumed coverage on Duke Realty in a report on Tuesday, October 16th. They set a “sector perform” rating on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 price objective on shares of Duke Realty in a report on Monday, July 30th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $30.00 price objective on shares of Duke Realty in a report on Wednesday, October 24th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.89.

DRE stock opened at $28.04 on Monday. Duke Realty has a 1-year low of $24.30 and a 1-year high of $29.48. The company has a quick ratio of 2.64, a current ratio of 2.60 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 4.16 and a beta of 0.57.

Duke Realty (NYSE:DRE) last posted its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Duke Realty had a return on equity of 8.01% and a net margin of 56.94%. The business had revenue of $196.91 million during the quarter, compared to the consensus estimate of $197.78 million.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 3.07%. This is a boost from Duke Realty’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, November 14th. Duke Realty’s dividend payout ratio is 64.52%.

In other news, EVP Peter D. Harrington sold 16,500 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $28.98, for a total transaction of $478,170.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in DRE. Cbre Clarion Securities LLC raised its holdings in Duke Realty by 39,261.8% during the 2nd quarter. Cbre Clarion Securities LLC now owns 4,054,267 shares of the real estate investment trust’s stock valued at $117,695,000 after buying an additional 4,043,967 shares during the period. BlackRock Inc. raised its holdings in Duke Realty by 4.2% during the 2nd quarter. BlackRock Inc. now owns 39,546,166 shares of the real estate investment trust’s stock valued at $1,148,025,000 after buying an additional 1,585,819 shares during the period. Allianz Asset Management GmbH raised its holdings in Duke Realty by 6,176.2% during the 1st quarter. Allianz Asset Management GmbH now owns 1,170,384 shares of the real estate investment trust’s stock valued at $30,992,000 after buying an additional 1,151,736 shares during the period. NN Investment Partners Holdings N.V. raised its holdings in Duke Realty by 1,233.2% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 964,145 shares of the real estate investment trust’s stock valued at $27,354,000 after buying an additional 891,827 shares during the period. Finally, Bank of America Corp DE raised its holdings in Duke Realty by 48.7% during the 2nd quarter. Bank of America Corp DE now owns 2,639,031 shares of the real estate investment trust’s stock valued at $76,611,000 after buying an additional 863,818 shares during the period. Institutional investors own 93.47% of the company’s stock.

Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 150 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index.

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

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