Duke Realty (DRE) Getting Somewhat Favorable News Coverage, Report Shows

News stories about Duke Realty (NYSE:DRE) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Duke Realty earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.4826657978404 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several research firms have recently commented on DRE. DA Davidson restated a “neutral” rating on shares of Duke Realty in a report on Thursday, February 1st. Zacks Investment Research upgraded shares of Duke Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Robert W. Baird set a $32.00 price objective on shares of Duke Realty and gave the stock a “buy” rating in a research note on Monday, February 5th. JPMorgan Chase & Co. lowered shares of Duke Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price objective for the company. in a research note on Friday, December 15th. Finally, SunTrust Banks set a $27.00 price target on shares of Duke Realty and gave the company a “hold” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.82.

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Duke Realty (NYSE DRE) traded down $0.02 on Wednesday, reaching $25.58. 295,576 shares of the company’s stock traded hands, compared to its average volume of 2,927,452. The stock has a market capitalization of $9,185.34, a P/E ratio of 5.61, a price-to-earnings-growth ratio of 4.64 and a beta of 0.80. 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 fifty-two week low of $24.30 and a fifty-two week high of $30.14.

Duke Realty (NYSE:DRE) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.13). Duke Realty had a net margin of 197.59% and a return on equity of 6.28%. The business had revenue of $179.39 million during the quarter, compared to analyst estimates of $175.00 million. sell-side analysts expect that Duke Realty will post 1.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, February 14th. Duke Realty’s dividend payout ratio (DPR) is presently 17.54%.

In other Duke Realty news, Director Charles R. Eitel sold 5,242 shares of the stock in a transaction dated Thursday, February 22nd. The shares were 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 legal filing with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.

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About Duke Realty

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.

Insider Buying and Selling by Quarter for Duke Realty (NYSE:DRE)

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