Equities analysts expect that Duke Realty Corporation (NYSE:DRE) will announce earnings per share (EPS) of $0.31 for the current quarter, Zacks reports. Two analysts have issued estimates for Duke Realty Corporation’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.32. Duke Realty Corporation reported earnings per share of $0.30 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.3%. The business is expected to issue its next earnings report after the market closes on Wednesday, July 26th.

On average, analysts expect that Duke Realty Corporation will report full year earnings of $1.21 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.24. For the next year, analysts forecast that the company will post earnings of $1.29 per share, with EPS estimates ranging from $1.24 to $1.38. Zacks’ EPS averages are an average based on a survey of analysts that cover Duke Realty Corporation.

Duke Realty Corporation (NYSE:DRE) last released its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. The firm had revenue of $227.30 million for the quarter, compared to analyst estimates of $204.47 million. Duke Realty Corporation had a net margin of 37.48% and a return on equity of 9.74%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share.

A number of equities research analysts have issued reports on DRE shares. BMO Capital Markets reiterated a “hold” rating and set a $28.00 price objective on shares of Duke Realty Corporation in a research note on Monday, March 20th. Bank of America Corporation upgraded shares of Duke Realty Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $30.00 in a research note on Wednesday, April 5th. Zacks Investment Research upgraded shares of Duke Realty Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. Barclays PLC increased their price objective on shares of Duke Realty Corporation from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $30.00 price objective on shares of Duke Realty Corporation in a research note on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $29.00.

In other news, Director Jack R. Shaw sold 4,803 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $27.57, for a total value of $132,418.71. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Peter M. Scott III sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $28.25, for a total transaction of $70,625.00. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Korea Investment CORP increased its stake in Duke Realty Corporation by 27.4% in the first quarter. Korea Investment CORP now owns 440,003 shares of the real estate investment trust’s stock valued at $11,559,000 after buying an additional 94,500 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Duke Realty Corporation by 7.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 9,459 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 672 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Duke Realty Corporation by 31.8% in the first quarter. State of Alaska Department of Revenue now owns 218,116 shares of the real estate investment trust’s stock valued at $5,728,000 after buying an additional 52,636 shares in the last quarter. Bollard Group LLC increased its stake in Duke Realty Corporation by 13.5% in the first quarter. Bollard Group LLC now owns 106,153 shares of the real estate investment trust’s stock valued at $2,789,000 after buying an additional 12,611 shares in the last quarter. Finally, DnB Asset Management AS increased its stake in Duke Realty Corporation by 29.0% in the first quarter. DnB Asset Management AS now owns 26,242 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 5,900 shares in the last quarter. Institutional investors own 92.93% of the company’s stock.

Duke Realty Corporation (NYSE DRE) traded up 0.65% during trading on Tuesday, reaching $27.83. 1,127,101 shares of the company’s stock were exchanged. Duke Realty Corporation has a 52-week low of $22.97 and a 52-week high of $29.25. The stock’s 50 day moving average price is $28.49 and its 200 day moving average price is $26.83. The firm has a market cap of $9.90 billion, a P/E ratio of 29.23 and a beta of 0.94.

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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.

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Earnings History and Estimates for Duke Realty Corporation (NYSE:DRE)

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