Analysts expect Duke Realty Co. (NYSE:DRE) to report sales of $183.78 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Duke Realty’s earnings. The lowest sales estimate is $177.20 million and the highest is $190.61 million. Duke Realty reported sales of $217.92 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 15.7%. The company is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, April 25th.
On average, analysts expect that Duke Realty will report full-year sales of $183.78 million for the current year, with estimates ranging from $727.74 million to $805.09 million. For the next year, analysts forecast that the business will post sales of $823.63 million per share, with estimates ranging from $757.01 million to $900.43 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Duke Realty.
Duke Realty (NYSE:DRE) last issued its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.13). The business had revenue of $179.39 million for the quarter, compared to analyst estimates of $175.00 million. Duke Realty had a net margin of 197.59% and a return on equity of 6.28%.
A number of brokerages have recently commented on DRE. Robert W. Baird set a $32.00 price target on Duke Realty and gave the company a “buy” rating in a report on Monday, February 5th. JPMorgan Chase raised Duke Realty from an “underweight” rating to a “neutral” rating in a report on Tuesday, March 27th. ValuEngine raised Duke Realty from a “hold” rating to a “buy” rating in a report on Wednesday, March 28th. SunTrust Banks set a $27.00 price target on Duke Realty and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $31.00 price target (up from $29.00) on shares of Duke Realty in a report on Wednesday, January 3rd. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $29.82.
In related news, Director Charles R. Eitel sold 5,242 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.96, for a total transaction of $130,840.32. Following the completion of the transaction, the director now owns 4,927 shares of the company’s stock, valued at $122,977.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.24% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Delpha Capital Management LLC acquired a new position in shares of Duke Realty in the 4th quarter valued at $121,000. Itau Unibanco Holding S.A. acquired a new position in shares of Duke Realty in the 4th quarter valued at $132,000. American Investment Services Inc. acquired a new position in shares of Duke Realty in the 4th quarter valued at $233,000. Conning Inc. acquired a new position in shares of Duke Realty in the 4th quarter valued at $262,000. Finally, Pinebridge Investments L.P. boosted its position in shares of Duke Realty by 373.3% in the 4th quarter. Pinebridge Investments L.P. now owns 13,324 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 10,509 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.
Shares of DRE opened at $25.71 on Wednesday. The firm has a market cap of $9,167.49, a PE ratio of 20.73, a price-to-earnings-growth ratio of 4.63 and a beta of 0.72. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.53. Duke Realty has a one year low of $24.30 and a one year high of $30.14.
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Duke Realty Company Profile
Duke Realty Corporation owns and operates approximately 146 million rentable square feet of industrial assets in 21 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. More information about Duke Realty Corporation is available at www.dukerealty.com.
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