Duke Realty (NYSE:DRE)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank of Canada in a note issued to investors on Wednesday, January 3rd. They currently have a $31.00 price target on the real estate investment trust’s stock, up from their prior price target of $29.00. Royal Bank of Canada’s target price would indicate a potential upside of 20.58% from the stock’s previous close.
DRE has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered Duke Realty from a “neutral” rating to an “underweight” rating and set a $29.00 target price on the stock. in a research note on Friday, December 15th. Morgan Stanley reissued an “overweight” rating and set a $31.00 price target on shares of Duke Realty in a research note on Thursday, December 14th. Citigroup raised Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, December 14th. Zacks Investment Research downgraded Duke Realty from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Robert W. Baird dropped their price objective on Duke Realty from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.75.
Duke Realty (NYSE DRE) opened at $25.71 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.23 and a quick ratio of 3.23. Duke Realty has a 52-week low of $23.93 and a 52-week high of $30.14. The stock has a market capitalization of $9,127.89, a PE ratio of 20.50, a P/E/G ratio of 4.66 and a beta of 0.90.
Duke Realty (NYSE:DRE) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $169.61 million for the quarter, compared to analysts’ expectations of $168.75 million. Duke Realty had a return on equity of 6.36% and a net margin of 178.66%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. equities analysts expect that Duke Realty will post 1.24 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of DRE. Advisor Group Inc. increased its stake in shares of Duke Realty by 0.3% in the second quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 12 shares during the period. Toronto Dominion Bank increased its stake in shares of Duke Realty by 12.6% in the second quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 488 shares during the period. Fiduciary Trust Co. acquired a new stake in shares of Duke Realty in the second quarter valued at approximately $201,000. Zeke Capital Advisors LLC acquired a new stake in shares of Duke Realty in the third quarter valued at approximately $211,000. Finally, Synovus Financial Corp acquired a new stake in shares of Duke Realty in the third quarter valued at approximately $212,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.
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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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