Duke Realty Corp. (NYSE:DRE) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.30.
A number of analysts recently issued reports on the stock. Barclays PLC raised their price objective on shares of Duke Realty Corp. from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 19th. Citigroup Inc. raised their price objective on shares of Duke Realty Corp. from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Zacks Investment Research downgraded shares of Duke Realty Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, April 13th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating on shares of Duke Realty Corp. in a report on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $23.57.
In other Duke Realty Corp. news, Director Charles R. Eitel sold 3,575 shares of the business’s stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $25.94, for a total value of $92,735.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Dennis D. Oklak sold 75,000 shares of the business’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $24.41, for a total value of $1,830,750.00. Following the completion of the transaction, the chairman now directly owns 305,444 shares of the company’s stock, valued at approximately $7,455,888.04. The disclosure for this sale can be found here.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.62%.
Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial, medical office, office real estate investments and service operations. The Service operations segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures.
