RBC Capital Markets reissued their outperform rating on shares of Duke Realty Corp. (NYSE:DRE) in a research report released on Tuesday morning. RBC Capital Markets currently has a $28.00 target price on the real estate investment trust’s stock, down from their previous target price of $30.00.

A number of other brokerages have also commented on DRE. Royal Bank Of Canada dropped their target price on Duke Realty Corp. from $30.00 to $28.00 and set an outperform rating on the stock in a research report on Tuesday. Zacks Investment Research upgraded Duke Realty Corp. from a hold rating to a buy rating and set a $28.00 target price on the stock in a research report on Monday, October 31st. Morgan Stanley reiterated a buy rating and issued a $31.00 target price on shares of Duke Realty Corp. in a research report on Wednesday, September 7th. Mizuho dropped their target price on Duke Realty Corp. from $29.00 to $27.00 and set a neutral rating on the stock in a research report on Friday, October 28th. Finally, Oppenheimer Holdings Inc. upped their target price on Duke Realty Corp. from $26.00 to $31.00 and gave the company an outperform rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $26.92.

Shares of Duke Realty Corp. (NYSE:DRE) opened at 24.73 on Tuesday. The company has a market cap of $8.77 billion, a PE ratio of 30.09 and a beta of 1.02. Duke Realty Corp. has a 52-week low of $18.52 and a 52-week high of $28.99. The stock’s 50 day moving average is $25.11 and its 200 day moving average is $26.06.

Duke Realty Corp. (NYSE:DRE) last issued its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. The firm had revenue of $226.19 million for the quarter, compared to analyst estimates of $201.81 million. Duke Realty Corp. had a return on equity of 8.46% and a net margin of 32.10%. Duke Realty Corp.’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Equities analysts forecast that Duke Realty Corp. will post $1.20 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 16th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.07%. The ex-dividend date is Monday, November 14th. This is a positive change from Duke Realty Corp.’s previous quarterly dividend of $0.18. Duke Realty Corp.’s dividend payout ratio is currently 92.68%.

Several hedge funds and other institutional investors have recently made changes to their positions in DRE. JPMorgan Chase & Co. increased its position in shares of Duke Realty Corp. by 80.3% in the second quarter. JPMorgan Chase & Co. now owns 8,181,796 shares of the real estate investment trust’s stock valued at $218,126,000 after buying an additional 3,643,842 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Duke Realty Corp. by 32.3% in the second quarter. Principal Financial Group Inc. now owns 11,874,021 shares of the real estate investment trust’s stock valued at $316,560,000 after buying an additional 2,899,533 shares during the last quarter. Standard Life Investments LTD increased its position in shares of Duke Realty Corp. by 468.9% in the third quarter. Standard Life Investments LTD now owns 3,505,367 shares of the real estate investment trust’s stock valued at $95,819,000 after buying an additional 2,889,154 shares during the last quarter. FMR LLC increased its position in shares of Duke Realty Corp. by 7.4% in the second quarter. FMR LLC now owns 40,781,314 shares of the real estate investment trust’s stock valued at $1,087,230,000 after buying an additional 2,793,217 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Duke Realty Corp. by 496.0% in the second quarter. Nuveen Asset Management LLC now owns 2,022,531 shares of the real estate investment trust’s stock valued at $53,921,000 after buying an additional 1,683,175 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

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About Duke Realty Corp.

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.

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