Duke Realty Corporation (NYSE:DRE) Now Covered by BMO Capital Markets

Investment analysts at BMO Capital Markets assumed coverage on shares of Duke Realty Corporation (NYSE:DRE) in a research report issued on Monday, September 11th, Marketbeat.com reports. The brokerage set a “market perform” rating and a $30.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price objective indicates a potential upside of 1.97% from the company’s previous close.

Other equities research analysts have also issued reports about the company. BidaskClub upgraded Duke Realty Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Stifel Nicolaus upped their price target on Duke Realty Corporation from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Bank of America Corporation lowered Duke Realty Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $32.00 to $30.00 in a research note on Friday, June 23rd. Barclays PLC dropped their price target on 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. Finally, Morgan Stanley upped their target price on Duke Realty Corporation from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Duke Realty Corporation currently has an average rating of “Hold” and an average target price of $28.91.

Shares of Duke Realty Corporation (DRE) traded up 0.07% during mid-day trading on Monday, reaching $29.44. 62,199 shares of the company traded hands. Duke Realty Corporation has a 52 week low of $22.97 and a 52 week high of $30.14. The firm has a 50 day moving average of $29.16 and a 200-day moving average of $28.00. The stock has a market capitalization of $10.47 billion, a PE ratio of 7.25 and a beta of 0.93.

Duke Realty Corporation (NYSE:DRE) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $165.84 million during the quarter, compared to analyst estimates of $185.25 million. Duke Realty Corporation had a return on equity of 8.72% and a net margin of 166.06%. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, equities research analysts expect that Duke Realty Corporation will post $3.71 EPS for the current fiscal year.

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In other news, EVP Peter D. Harrington sold 30,000 shares of Duke Realty Corporation stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $28.87, for a total transaction of $866,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Duke Realty Corporation by 17.6% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 14,219 shares of the real estate investment trust’s stock worth $374,000 after acquiring an additional 2,128 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Duke Realty Corporation by 138.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 24,671 shares of the real estate investment trust’s stock worth $670,000 after acquiring an additional 14,315 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Duke Realty Corporation by 10.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 171,300 shares of the real estate investment trust’s stock worth $4,500,000 after acquiring an additional 16,800 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Duke Realty Corporation by 2.2% during the 1st quarter. World Asset Management Inc now owns 28,065 shares of the real estate investment trust’s stock worth $737,000 after acquiring an additional 609 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Duke Realty Corporation by 14.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,389,014 shares of the real estate investment trust’s stock worth $36,489,000 after acquiring an additional 173,024 shares in the last quarter. Institutional investors 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.

Analyst Recommendations for Duke Realty Corporation (NYSE:DRE)

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