Equities research analysts expect that Duke Realty Corporation (NYSE:DRE) will announce sales of $170.91 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Duke Realty Corporation’s earnings, with estimates ranging from $166.73 million to $174.40 million. Duke Realty Corporation reported sales of $206.85 million during the same quarter last year, which indicates a negative year-over-year growth rate of 17.4%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that Duke Realty Corporation will report full year sales of $170.91 million for the current fiscal year, with estimates ranging from $733.10 million to $812.00 million. For the next fiscal year, analysts expect that the business will post sales of $798.25 million per share, with estimates ranging from $773.00 million to $821.20 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Duke Realty Corporation.

Duke Realty Corporation (NYSE:DRE) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. Duke Realty Corporation had a return on equity of 8.72% and a net margin of 166.06%. The business had revenue of $165.84 million during the quarter, compared to the consensus estimate of $185.25 million. During the same period in the prior year, the company earned $0.30 EPS.

Several analysts have issued reports on the stock. Bank of America Corp downgraded shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $32.00 to $30.00 in a research note on Friday, June 23rd. BidaskClub downgraded shares of Duke Realty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Barclays PLC decreased their price objective on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Royal Bank Of Canada reissued a “buy” rating and issued a $30.00 price objective on shares of Duke Realty Corporation in a research note on Wednesday, June 7th. Finally, Stifel Nicolaus raised their price objective on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $28.73.

In related news, EVP Peter D. Harrington sold 30,000 shares of Duke Realty Corporation stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total transaction of $866,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its position in Duke Realty Corporation by 1.9% in the first quarter. Great West Life Assurance Co. Can now owns 536,952 shares of the real estate investment trust’s stock valued at $14,095,000 after buying an additional 10,011 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Duke Realty Corporation by 2.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 108,679 shares of the real estate investment trust’s stock valued at $2,855,000 after buying an additional 2,526 shares in the last quarter. Wright Investors Service Inc. raised its position in Duke Realty Corporation by 7.3% in the first quarter. Wright Investors Service Inc. now owns 31,415 shares of the real estate investment trust’s stock valued at $825,000 after buying an additional 2,145 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Duke Realty Corporation by 10.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,116,710 shares of the real estate investment trust’s stock valued at $29,336,000 after buying an additional 110,200 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Duke Realty Corporation by 68.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 207,103 shares of the real estate investment trust’s stock valued at $5,441,000 after buying an additional 84,100 shares in the last quarter. 92.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Duke Realty Corporation (NYSE DRE) traded up 0.17% during mid-day trading on Tuesday, hitting $29.38. The company had a trading volume of 1,945,261 shares. The company’s 50-day moving average is $28.49 and its 200 day moving average is $27.50. Duke Realty Corporation has a one year low of $22.97 and a one year high of $29.72. The company has a market capitalization of $10.45 billion, a PE ratio of 7.24 and a beta of 0.94.

The firm 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 dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Monday, August 14th. Duke Realty Corporation’s payout ratio is 18.86%.

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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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