Duke Realty Corp (NYSE:DRE) shares gapped down prior to trading on Thursday . The stock had previously closed at $29.30, but opened at $28.65. Duke Realty shares last traded at $28.13, with a volume of 3515231 shares changing hands.

DRE has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Duke Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BMO Capital Markets initiated coverage on shares of Duke Realty in a research report on Monday, September 11th. They issued a “market perform” rating and a $30.00 target price on the stock. Robert W. Baird dropped their target price on shares of Duke Realty from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 target price on shares of Duke Realty in a research report on Thursday, September 21st. Finally, BidaskClub raised shares of Duke Realty from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $29.55.

The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.45. The firm has a market cap of $10,018.24, a PE ratio of 22.50, a PEG ratio of 5.19 and a beta of 0.90.

Duke Realty (NYSE:DRE) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Duke Realty had a net margin of 178.66% and a return on equity of 6.36%. The company had revenue of $169.61 million for the quarter, compared to the consensus estimate of $168.75 million. During the same period last year, the firm posted $0.31 EPS. Duke Realty’s revenue for the quarter was up 4.5% on a year-over-year basis. analysts expect that Duke Realty Corp will post 1.24 EPS for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be given a dividend of $0.85 per share. This is an increase from Duke Realty’s previous special dividend of $0.20. This represents a yield of 2.74%. The ex-dividend date is Thursday, November 30th. Duke Realty’s dividend payout ratio (DPR) is presently 19.18%.

A number of institutional investors have recently modified their holdings of the business. Advisor Group Inc. boosted its holdings in shares of Duke Realty 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 acquiring an additional 12 shares in the last quarter. First Personal Financial Services boosted its holdings in shares of Duke Realty by 1.2% in the second quarter. First Personal Financial Services now owns 3,931 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 46 shares in the last quarter. BB&T Securities LLC boosted its holdings in shares of Duke Realty by 1.6% in the second quarter. BB&T Securities LLC now owns 7,828 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 125 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of Duke Realty by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 81,700 shares of the real estate investment trust’s stock valued at $2,284,000 after acquiring an additional 209 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Duke Realty by 2.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,779 shares of the real estate investment trust’s stock valued at $329,000 after acquiring an additional 311 shares in the last quarter. 94.10% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/12/02/duke-realty-dre-shares-gap-down-to-28-65.html.

About Duke Realty

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.

Receive News & Stock Ratings for Duke Realty Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Realty Corp and related stocks with our FREE daily email newsletter.