Equities analysts forecast that Duke Realty Corp (NYSE:DRE) will report earnings per share (EPS) of $0.35 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Duke Realty’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.36. Duke Realty reported earnings per share of $0.30 during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The company is expected to report its next quarterly earnings report on Wednesday, January 30th.
On average, analysts expect that Duke Realty will report full-year earnings of $1.34 per share for the current year, with EPS estimates ranging from $1.33 to $1.36. For the next year, analysts anticipate that the business will report earnings of $1.39 per share, with EPS estimates ranging from $1.34 to $1.44. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Duke Realty.
Duke Realty (NYSE:DRE) last released its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $196.91 million for the quarter, compared to analyst estimates of $197.78 million. Duke Realty had a return on equity of 8.01% and a net margin of 56.94%.
A number of brokerages have recently weighed in on DRE. ValuEngine upgraded Duke Realty from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded Duke Realty from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, October 3rd. BMO Capital Markets reiterated a “hold” rating and set a $30.00 target price on shares of Duke Realty in a research note on Wednesday, October 24th. Scotiabank began coverage on Duke Realty in a research note on Tuesday, October 16th. They set a “sector perform” rating on the stock. Finally, Barclays reiterated a “hold” rating and set a $26.00 target price on shares of Duke Realty in a research note on Sunday, October 14th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.89.
In other Duke Realty news, Director Melanie R. Sabelhaus sold 2,500 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $27.98, for a total transaction of $69,950.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Peter D. Harrington sold 16,500 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $28.98, for a total value of $478,170.00. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Commonwealth Bank of Australia boosted its holdings in shares of Duke Realty by 148,447.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 598,648 shares of the real estate investment trust’s stock valued at $17,609,000 after purchasing an additional 598,245 shares in the last quarter. Cbre Clarion Securities LLC boosted its holdings in shares of Duke Realty by 39,261.8% in 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 purchasing an additional 4,043,967 shares in the last quarter. Green Street Investors LLC acquired a new stake in shares of Duke Realty in the 3rd quarter valued at $8,394,000. Paloma Partners Management Co acquired a new stake in shares of Duke Realty during the 2nd quarter valued at $2,151,000. Finally, Raymond James & Associates boosted its holdings in shares of Duke Realty by 16.1% during the 2nd quarter. Raymond James & Associates now owns 302,475 shares of the real estate investment trust’s stock valued at $8,781,000 after acquiring an additional 41,931 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.
NYSE:DRE traded down $0.36 on Friday, hitting $28.47. The company’s stock had a trading volume of 87,540 shares, compared to its average volume of 1,529,463. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 4.37 and a beta of 0.58. Duke Realty has a one year low of $24.30 and a one year high of $29.48.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Wednesday, November 14th. This is a positive change from Duke Realty’s previous quarterly dividend of $0.20. Duke Realty’s dividend payout ratio (DPR) is 69.35%.
About Duke Realty
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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