Duke Realty Corporation (NYSE:DRE) – Analysts at SunTrust Banks decreased their Q4 2017 earnings per share estimates for shares of Duke Realty Corporation in a research report issued on Thursday. SunTrust Banks analyst K. Kim now anticipates that the real estate investment trust will post earnings per share of $0.30 for the quarter, down from their previous forecast of $0.31.

A number of other analysts have also issued reports on DRE. 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 boosted their target price on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Bank of America Corporation lowered shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $32.00 to $30.00 in a research note on Friday, June 23rd. Barclays PLC boosted their target price on shares of Duke Realty Corporation from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $30.00 target price on shares of Duke Realty Corporation in a research note on Wednesday, June 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $28.73.

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Shares of Duke Realty Corporation (NYSE DRE) traded down 0.28% on Monday, reaching $28.74. 374,824 shares of the company’s stock traded hands. The firm has a market cap of $10.22 billion, a P/E ratio of 7.08 and a beta of 0.94. The stock has a 50-day moving average of $28.16 and a 200 day moving average of $27.24. Duke Realty Corporation has a 12-month low of $22.97 and a 12-month high of $29.25.

Duke Realty Corporation (NYSE:DRE) last issued its quarterly earnings data 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. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. The business had revenue of $165.84 million during the quarter, compared to analyst estimates of $185.25 million. During the same period in the prior year, the business earned $0.30 EPS.

Hedge funds have recently added to or reduced their stakes in the stock. First Personal Financial Services increased its stake in Duke Realty Corporation by 117.6% in the first quarter. First Personal Financial Services now owns 3,885 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 2,100 shares during the last quarter. Toronto Dominion Bank increased its stake in Duke Realty Corporation by 9.6% in the first quarter. Toronto Dominion Bank now owns 3,881 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 341 shares during the last quarter. Bessemer Group Inc. increased its stake in Duke Realty Corporation by 4,741.6% in the second quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 3,651 shares during the last quarter. Advisor Group Inc. increased its stake in Duke Realty Corporation by 0.3% in the second quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 12 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in Duke Realty Corporation during the first quarter valued at $132,000. Hedge funds and other institutional investors own 92.52% of the company’s stock.

In related news, EVP Peter D. Harrington sold 30,000 shares of Duke Realty Corporation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $28.87, for a total value of $866,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 16th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.76 annualized dividend and a dividend yield of 2.64%. Duke Realty Corporation’s payout ratio is currently 18.86%.

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.

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

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