BMO Capital Markets set a $30.00 price target on Duke Realty Corporation (NYSE:DRE) in a research note released on Wednesday, October 25th. The firm currently has a hold rating on the real estate investment trust’s stock.
Other equities analysts have also recently issued reports about the company. J P Morgan Chase & Co cut Duke Realty Corporation from an overweight rating to a neutral rating and set a $30.00 price objective on the stock. in a research report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a buy rating and issued a $31.00 price objective on shares of Duke Realty Corporation in a research report on Thursday, September 21st. Zacks Investment Research cut Duke Realty Corporation from a buy rating to a hold rating in a research report on Tuesday, October 10th. Barclays PLC lowered their price objective on 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. Finally, Morgan Stanley increased their price target on Duke Realty Corporation from $29.00 to $31.00 and gave the company an overweight rating in a report on Monday, July 17th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Duke Realty Corporation currently has a consensus rating of Hold and an average price target of $29.55.
Duke Realty Corporation (NYSE:DRE) traded up $0.03 during mid-day trading on Wednesday, hitting $28.96. The company’s stock had a trading volume of 1,227,800 shares, compared to its average volume of 1,712,400. Duke Realty Corporation has a 1 year low of $22.97 and a 1 year high of $30.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.23 and a quick ratio of 3.23. The stock has a market cap of $10,313.84, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 5.34 and a beta of 0.92.
Duke Realty Corporation (NYSE:DRE) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Duke Realty Corporation had a return on equity of 6.36% and a net margin of 178.66%. The firm had revenue of $169.61 million for the quarter, compared to analysts’ expectations of $168.75 million. During the same period in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. research analysts forecast that Duke Realty Corporation will post 1.24 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.20 per share. This is a positive change from Duke Realty Corporation’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.76%. Duke Realty Corporation’s dividend payout ratio (DPR) is presently 18.23%.
Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. grew its position in shares of Duke Realty Corporation by 4,741.6% during the second quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 3,651 shares in the last quarter. First Personal Financial Services lifted its holdings in shares of Duke Realty Corporation by 1.2% in the 2nd quarter. First Personal Financial Services now owns 3,931 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 46 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Duke Realty Corporation by 0.3% in the 2nd quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 12 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Duke Realty Corporation by 12.6% in the 2nd quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 488 shares during the last quarter. Finally, Global X Management Co. LLC lifted its holdings in shares of Duke Realty Corporation by 45.2% in the 1st quarter. Global X Management Co. LLC now owns 5,562 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 1,732 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.
Duke Realty Corporation 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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