Investment analysts at BMO Capital Markets began coverage on shares of Duke Realty Corporation (NYSE:DRE) in a research note issued to investors on Monday. The brokerage set a “market perform” rating and a $30.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ target price suggests a potential upside of 1.66% from the company’s previous close.

Other analysts have also issued research reports about the stock. BidaskClub upgraded shares of Duke Realty Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Stifel Nicolaus raised 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 report on Wednesday, June 14th. Bank of America Corporation lowered shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $32.00 to $30.00 in a research report on Friday, June 23rd. Barclays PLC cut their target price on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Finally, Morgan Stanley raised their target price on shares of Duke Realty Corporation from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $28.91.

Duke Realty Corporation (NYSE:DRE) opened at 29.51 on Monday. The firm’s 50-day moving average price is $28.96 and its 200 day moving average price is $27.84. The firm has a market cap of $10.50 billion, a P/E ratio of 7.27 and a beta of 0.93. Duke Realty Corporation has a 12-month low of $22.97 and a 12-month high of $30.14.

Duke Realty Corporation (NYSE:DRE) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $165.84 million for the quarter, compared to analyst estimates of $185.25 million. During the same quarter last year, the business posted $0.30 earnings per share. Analysts forecast that Duke Realty Corporation will post $3.71 earnings per share for the current fiscal year.

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In other news, EVP Peter D. Harrington sold 30,000 shares of Duke Realty Corporation stock in a transaction 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 is accessible through the SEC website. 0.26% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of DRE. BlackRock Inc. lifted its holdings in shares of Duke Realty Corporation by 1,882.9% during the first quarter. BlackRock Inc. now owns 42,270,388 shares of the real estate investment trust’s stock worth $1,110,444,000 after purchasing an additional 40,138,665 shares during the period. Lasalle Investment Management Securities LLC lifted its holdings in shares of Duke Realty Corporation by 5,386.3% during the first quarter. Lasalle Investment Management Securities LLC now owns 6,857,824 shares of the real estate investment trust’s stock worth $180,155,000 after purchasing an additional 6,732,824 shares during the period. Brookfield Asset Management Inc. acquired a new position in shares of Duke Realty Corporation during the second quarter worth $130,756,000. Daiwa Securities Group Inc. lifted its holdings in shares of Duke Realty Corporation by 30.5% during the second quarter. Daiwa Securities Group Inc. now owns 8,109,890 shares of the real estate investment trust’s stock worth $226,671,000 after purchasing an additional 1,894,749 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Duke Realty Corporation by 3.2% during the first quarter. Vanguard Group Inc. now owns 56,951,515 shares of the real estate investment trust’s stock worth $1,496,116,000 after purchasing an additional 1,744,485 shares during the period. Institutional investors own 93.69% of the company’s stock.

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.

Analyst Recommendations for Duke Realty Corporation (NYSE:DRE)

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