Duke Realty Corporation (NYSE:DRE) PT Lowered to $31.00

Duke Realty Corporation (NYSE:DRE) had its target price decreased by Robert W. Baird from $32.00 to $31.00 in a research report sent to investors on Tuesday, October 31st. Robert W. Baird currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on DRE. Zacks Investment Research cut shares of Duke Realty Corporation from a buy rating to a hold rating in a report on Tuesday, October 10th. BidaskClub raised shares of Duke Realty Corporation from a sell rating to a hold rating in a research note on Wednesday, July 19th. Stifel Nicolaus reissued a buy rating and set a $31.00 target price on shares of Duke Realty Corporation in a research note on Thursday, September 21st. BMO Capital Markets initiated coverage on shares of Duke Realty Corporation in a research note on Monday, September 11th. They set a market perform rating and a $30.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of Duke Realty Corporation from $29.00 to $31.00 and gave the stock an overweight rating in a research note on Monday, July 17th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $29.55.

Duke Realty Corporation (NYSE DRE) traded down $0.17 on Tuesday, reaching $28.84. 1,590,000 shares of the company’s stock were exchanged, compared to its average volume of 1,824,262. Duke Realty Corporation has a one year low of $23.70 and a one year high of $30.14. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $10,271.10, a PE ratio of 23.07, a price-to-earnings-growth ratio of 5.32 and a beta of 0.92.

Duke Realty Corporation (NYSE:DRE) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Duke Realty Corporation had a net margin of 178.66% and a return on equity of 6.36%. The company had revenue of $169.61 million during the quarter, compared to analysts’ expectations of $168.75 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. analysts predict that Duke Realty Corporation will post 1.23 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 15th. This is a positive change from Duke Realty Corporation’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.77%. Duke Realty Corporation’s payout ratio is presently 19.18%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. boosted its position in Duke Realty Corporation by 0.3% during the second 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 during the last quarter. First Personal Financial Services boosted its position in Duke Realty Corporation by 1.2% during the second 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 during the last quarter. BB&T Securities LLC boosted its position in Duke Realty Corporation by 1.6% during the second quarter. BB&T Securities LLC now owns 7,828 shares of the real estate investment trust’s stock worth $218,000 after acquiring an additional 125 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in Duke Realty Corporation by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 81,700 shares of the real estate investment trust’s stock worth $2,284,000 after acquiring an additional 209 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Duke Realty Corporation by 2.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,779 shares of the real estate investment trust’s stock worth $329,000 after acquiring an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

About Duke Realty Corporation

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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