Duke Realty Corp. (NYSE:DRE) had its target price cut by Royal Bank Of Canada from $30.00 to $28.00 in a research note issued to investors on Tuesday. They currently have an outperform rating on the real estate investment trust’s stock.

Several other research firms have also recently commented on DRE. Stifel Nicolaus increased their price target on shares of Duke Realty Corp. from $28.00 to $30.00 and gave the company a buy rating in a research note on Tuesday, August 2nd. RBC Capital Markets reissued an outperform rating and set a $30.00 price target (up from $24.00) on shares of Duke Realty Corp. in a research note on Monday, August 1st. Morgan Stanley reissued a buy rating and set a $31.00 price target on shares of Duke Realty Corp. in a research note on Wednesday, September 7th. BTIG Research assumed coverage on shares of Duke Realty Corp. in a research note on Thursday, August 25th. They set a neutral rating on the stock. Finally, Oppenheimer Holdings Inc. increased their price target on shares of Duke Realty Corp. from $26.00 to $31.00 and gave the company an outperform rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $26.92.

Analyst Recommendations for Duke Realty Corp. (NYSE:DRE)

Shares of Duke Realty Corp. (NYSE:DRE) traded down 0.65% during midday trading on Tuesday, reaching $24.48. The company had a trading volume of 271,942 shares. Duke Realty Corp. has a 12 month low of $18.52 and a 12 month high of $28.99. The company has a market capitalization of $8.68 billion, a P/E ratio of 29.78 and a beta of 1.02. The firm’s 50 day moving average price is $25.15 and its 200-day moving average price is $26.07.

Duke Realty Corp. (NYSE:DRE) last released its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Duke Realty Corp. had a net margin of 32.10% and a return on equity of 8.46%. The business had revenue of $226.19 million for the quarter, compared to analysts’ expectations of $201.81 million. During the same period in the prior year, the firm earned $0.29 earnings per share. Duke Realty Corp.’s revenue was down 3.6% compared to the same quarter last year. Analysts anticipate that Duke Realty Corp. will post $1.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.19 per share. This is an increase from Duke Realty Corp.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 3.08%. Duke Realty Corp.’s dividend payout ratio is currently 92.68%.

Several large investors have recently modified their holdings of DRE. Loeb Partners Corp bought a new stake in shares of Duke Realty Corp. during the second quarter valued at about $400,000. Hartford Investment Management Co. bought a new stake in shares of Duke Realty Corp. during the second quarter valued at about $247,000. State of Alaska Department of Revenue increased its stake in shares of Duke Realty Corp. by 2.4% in the second quarter. State of Alaska Department of Revenue now owns 157,530 shares of the real estate investment trust’s stock valued at $4,199,000 after buying an additional 3,700 shares in the last quarter. CrestPoint Capital Management LLC increased its stake in shares of Duke Realty Corp. by 6.4% in the second quarter. CrestPoint Capital Management LLC now owns 11,600 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 700 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Duke Realty Corp. by 0.8% in the second quarter. Capstone Asset Management Co. now owns 29,796 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 250 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

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Duke Realty Corp. Company Profile

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.

5 Day Chart for NYSE:DRE

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