Research analysts at BMO Capital Markets initiated coverage on shares of Duke Realty Corporation (NYSE:DRE) in a research report issued to clients and investors on Monday, September 11th, MarketBeat Ratings reports. The firm set a “market perform” rating and a $30.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price target points to a potential upside of 2.46% from the stock’s current price.
DRE has been the subject of a number of other research reports. Bank of America Corporation cut shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $32.00 to $30.00 in a research note on Friday, June 23rd. BidaskClub cut shares of Duke Realty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Barclays PLC dropped their price objective on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Royal Bank Of Canada reiterated a “buy” rating and issued a $30.00 price objective on shares of Duke Realty Corporation in a research note on Wednesday, June 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Duke Realty Corporation presently has an average rating of “Hold” and an average price target of $28.91.
Shares of Duke Realty Corporation (NYSE:DRE) traded down 0.96% on Monday, hitting $29.00. The company had a trading volume of 156,036 shares. The company has a 50 day moving average of $29.16 and a 200-day moving average of $28.00. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 7.15 and a beta of 0.93. Duke Realty Corporation has a 12-month low of $22.97 and a 12-month high of $30.14.
Duke Realty Corporation (NYSE:DRE) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $165.84 million during the quarter, compared to analysts’ expectations of $185.25 million. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. During the same quarter last year, the company posted $0.30 EPS. On average, analysts forecast that Duke Realty Corporation will post $3.71 earnings per share for the current year.
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In other news, EVP Peter D. Harrington sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total value of $866,100.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in DRE. Toronto Dominion Bank increased its stake in Duke Realty Corporation by 9.6% during the 1st quarter. Toronto Dominion Bank now owns 3,881 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 341 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Duke Realty Corporation by 4,741.6% in the 2nd quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 3,651 shares in the last quarter. First Personal Financial Services grew its stake in shares of Duke Realty Corporation by 1.2% in the 2nd quarter. First Personal Financial Services now owns 3,931 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 46 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Duke Realty Corporation by 0.3% in the 2nd quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 12 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Duke Realty Corporation in the 1st quarter worth $132,000. Institutional investors and hedge funds own 93.65% of the company’s stock.
Duke Realty Corporation Company Profile
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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