Duke Realty (NYSE:DRE) had its price target boosted by Stifel Nicolaus from $34.00 to $36.00 in a research report released on Friday, BenzingaRatingsTable reports. Stifel Nicolaus currently has a buy rating on the real estate investment trust’s stock.
DRE has been the subject of several other reports. Bank of America cut Duke Realty from a buy rating to a neutral rating and set a $30.81 price target for the company. in a report on Thursday, May 16th. Goldman Sachs Group assumed coverage on Duke Realty in a report on Wednesday, May 15th. They issued a buy rating and a $33.00 price target for the company. Scotiabank raised Duke Realty from a sector perform rating to an outperform rating in a report on Thursday, June 27th. Zacks Investment Research cut Duke Realty from a buy rating to a hold rating and set a $34.00 price target for the company. in a report on Wednesday, June 19th. Finally, BTIG Research raised their price target on Duke Realty from $73.00 to $82.00 and gave the company a buy rating in a report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $37.20.
Duke Realty stock traded down $0.12 during mid-day trading on Friday, reaching $32.89. 1,732,293 shares of the company were exchanged, compared to its average volume of 1,933,642. Duke Realty has a twelve month low of $24.67 and a twelve month high of $33.83. The stock has a 50-day moving average price of $32.57. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 5.33 and a beta of 0.73.
Duke Realty (NYSE:DRE) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.15). Duke Realty had a return on equity of 4.82% and a net margin of 23.14%. The company had revenue of $213.11 million for the quarter, compared to analyst estimates of $212.46 million. During the same period in the previous year, the business posted $0.54 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts predict that Duke Realty will post 1.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.61%. Duke Realty’s dividend payout ratio is currently 64.66%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Massey Quick Simon & CO. LLC purchased a new position in Duke Realty in the 1st quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC purchased a new position in Duke Realty in the 2nd quarter valued at approximately $38,000. Private Capital Group LLC increased its stake in Duke Realty by 27.4% in the 1st quarter. Private Capital Group LLC now owns 1,976 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 425 shares in the last quarter. Huntington National Bank increased its stake in Duke Realty by 18.0% in the 2nd quarter. Huntington National Bank now owns 2,934 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 448 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new position in Duke Realty in the 2nd quarter valued at approximately $103,000. 93.72% of the stock is owned by institutional investors and hedge funds.
Duke Realty Company Profile
Duke Realty Corporation owns and operates approximately 153 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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