SunTrust Banks Analysts Give Duke Realty (DRE) a $27.00 Price Target
DRE has been the topic of several other reports. Zacks Investment Research cut Duke Realty from a hold rating to a sell rating in a research note on Monday, January 8th. Royal Bank of Canada cut Duke Realty from an outperform rating to a sector perform rating and boosted their price objective for the stock from $29.00 to $31.00 in a research note on Wednesday, January 3rd. DA Davidson restated a neutral rating on shares of Duke Realty in a research report on Thursday, February 1st. Morgan Stanley restated an overweight rating and set a $31.00 target price on shares of Duke Realty in a research report on Thursday, December 14th. Finally, JPMorgan Chase & Co. lowered Duke Realty from a neutral rating to an underweight rating and set a $29.00 target price for the company. in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $29.82.
Shares of Duke Realty (DRE) opened at $25.37 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 3.23 and a current ratio of 4.43. Duke Realty has a 52 week low of $24.48 and a 52 week high of $30.14. The firm has a market capitalization of $9,035.30, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 4.58 and a beta of 0.77.
Large investors have recently made changes to their positions in the business. Advisor Group Inc. boosted its position in shares of Duke Realty by 0.3% during 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 period. Toronto Dominion Bank boosted its holdings in shares of Duke Realty by 12.6% in the second quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 488 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Duke Realty in the fourth quarter valued at approximately $132,000. Zeke Capital Advisors LLC purchased a new stake in shares of Duke Realty in the third quarter valued at approximately $211,000. Finally, Synovus Financial Corp purchased a new stake in shares of Duke Realty in the third quarter valued at approximately $212,000. Institutional investors and hedge funds own 94.15% of the company’s stock.
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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.
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