Wall Street brokerages expect Duke Realty Corp (NYSE:DRE) to announce earnings of $0.29 per share for the current quarter, according to Zacks. Four analysts have made estimates for Duke Realty’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.30. Duke Realty reported earnings of $0.32 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 9.4%. The firm is expected to report its next earnings report on Wednesday, April 25th.
On average, analysts expect that Duke Realty will report full-year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.24 to $1.29. For the next financial year, analysts expect that the company will post earnings of $1.37 per share, with EPS estimates ranging from $1.33 to $1.40. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Duke Realty.
DRE has been the topic of a number of recent analyst reports. BMO Capital Markets set a $30.00 target price on Duke Realty and gave the stock a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Duke Realty from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Monday, October 30th. Robert W. Baird reduced their target price on Duke Realty from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Citigroup upgraded Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, December 14th. Finally, Morgan Stanley restated an “overweight” rating and set a $31.00 target price on shares of Duke Realty in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $29.82.
Several large investors have recently added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Duke Realty by 45.1% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 22,200 shares of the real estate investment trust’s stock valued at $604,000 after purchasing an additional 6,900 shares in the last quarter. Brookfield Asset Management Inc. lifted its holdings in shares of Duke Realty by 1.4% during the 4th quarter. Brookfield Asset Management Inc. now owns 5,076,574 shares of the real estate investment trust’s stock valued at $138,134,000 after purchasing an additional 70,100 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Duke Realty during the 4th quarter valued at about $2,998,000. Flinton Capital Management LLC lifted its holdings in shares of Duke Realty by 73.8% during the 4th quarter. Flinton Capital Management LLC now owns 215,460 shares of the real estate investment trust’s stock valued at $5,863,000 after purchasing an additional 91,476 shares in the last quarter. Finally, Wolverine Trading LLC bought a new position in shares of Duke Realty during the 4th quarter valued at about $509,000. Institutional investors and hedge funds own 93.79% of the company’s stock.
Duke Realty (NYSE DRE) opened at $25.88 on Friday. The company has a quick ratio of 3.23, a current ratio of 4.43 and a debt-to-equity ratio of 0.53. Duke Realty has a 1-year low of $24.48 and a 1-year high of $30.14. The stock has a market capitalization of $9,131.45, a PE ratio of 5.68, a P/E/G ratio of 4.63 and a beta of 0.77.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, February 14th. Duke Realty’s dividend payout ratio (DPR) is presently 17.54%.
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About Duke Realty
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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