News headlines about Duke Realty (NYSE:DRE) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Duke Realty earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.7319403863839 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Royal Bank of Canada Downgrades Duke Realty (DRE) to Sector Perform (americanbankingnews.com)
- Who Owns Drewex SA. (WSE:DRE)? (finance.yahoo.com)
- Duke Realty Corporation Schedules First Quarter 2018 Earnings Release and Conference Call (finance.yahoo.com)
- Duke Realty (DRE) Upgraded at ValuEngine (americanbankingnews.com)
- Technical Perspectives on REIT Stocks — CubeSmart, DCT Industrial Trust, Duke Realty, and Extra Space Storage (bloomberg.com)
Several brokerages have recently issued reports on DRE. JPMorgan Chase downgraded Duke Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price target on the stock. in a research report on Friday, December 15th. Morgan Stanley reissued an “overweight” rating and set a $31.00 target price on shares of Duke Realty in a research report on Thursday, December 14th. Citigroup upgraded shares of Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Thursday, December 14th. DA Davidson restated a “neutral” rating on shares of Duke Realty in a research note on Thursday, February 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $31.00 target price (up previously from $29.00) on shares of Duke Realty in a research note on Wednesday, January 3rd. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Duke Realty has an average rating of “Hold” and a consensus price target of $29.82.
Duke Realty (NYSE:DRE) last announced its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.13). Duke Realty had a return on equity of 6.28% and a net margin of 197.59%. The company had revenue of $179.39 million during the quarter, compared to analyst estimates of $175.00 million. equities research analysts forecast that Duke Realty will post 1.27 EPS for the current year.
In other news, Director Charles R. Eitel sold 5,242 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $24.96, for a total value of $130,840.32. Following the sale, the director now directly owns 4,927 shares of the company’s stock, valued at approximately $122,977.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.24% 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.
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