November 28, 2016 - By Darrin Black
Duke Realty (NYSE:DRE)‘s stock was upgraded to a Outperform by equity analysts at Robert W. Baird, who have a target price per share of $30 on DRE. The firm’s Neutral rating is no longer valid.
Out of 10 analysts covering Duke Realty (NYSE:DRE), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. $29 is the highest target while $21 is the lowest. The $24.71 average target is -1.08% below today’s ($24.98) stock price. Duke Realty has been the topic of 16 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Friday, October 28 the stock rating was maintained by Mizuho with “Neutral”. The rating was downgraded by Miller Tabak on Monday, November 9 to “Sell”. The firm has “Equalweight” rating given on Thursday, February 4 by Barclays Capital. UBS upgraded it to “Buy” rating and $23 target price in Wednesday, August 19 report. The rating was initiated by Goldman Sachs on Monday, December 14 with “Buy”. The firm earned “Hold” rating on Wednesday, September 9 by Miller Tabak. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. Robert W. Baird downgraded it to “Outperform” rating and $21 target price in Tuesday, August 11 report. The stock of Duke Realty Corp (NYSE:DRE) earned “Outperform” rating by RBC Capital Markets on Tuesday, November 22. The firm has “Neutral” rating given on Wednesday, September 28 by Mizuho.
The stock increased 1.01% or $0.25 on November 25, hitting $24.98. Duke Realty Corp (NYSE:DRE) has risen 12.67% since April 25, 2016 and is uptrending. It has outperformed by 6.66% the S&P500.
Analysts await Duke Realty Corp (NYSE:DRE) to report earnings on January, 25. They expect $0.31 earnings per share, up 6.90% or $0.02 from last year’s $0.29 per share. DRE’s profit will be $109.83M for 20.15 P/E if the $0.31 EPS becomes a reality. After $0.31 actual earnings per share reported by Duke Realty Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.26 in 2016 Q2. Its down 0.43, from 1.69 in 2016Q1. The ratio fall, as 24 funds sold all Duke Realty Corp shares owned while 78 reduced positions. 39 funds bought stakes while 133 increased positions. They now own 331.94 million shares or 2.01% more from 325.39 million shares in 2016Q1.
Virtu Fin Limited Com accumulated 0.03% or 8,133 shares. Parsons Mngmt Ri owns 32,510 shares or 0.1% of their US portfolio. Tokio Marine Asset Management Com accumulated 0.04% or 14,926 shares. Brave Asset Inc holds 0.03% of its portfolio in Duke Realty Corp (NYSE:DRE) for 1,600 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.05% invested in Duke Realty Corp (NYSE:DRE) for 152,655 shares. Moreover, Macquarie Grp Inc Limited has 0.09% invested in Duke Realty Corp (NYSE:DRE) for 1.78M shares. Moreover, Hsbc Hldgs Public Limited Company has 0.02% invested in Duke Realty Corp (NYSE:DRE) for 210,167 shares. Ameritas Investment Ptnrs holds 0.14% or 81,700 shares in its portfolio. Gulf International Fincl Bank (Uk) Limited holds 0.05% or 105,634 shares in its portfolio. Calvert Management last reported 0.37% of its portfolio in the stock. Timber Hill Ltd Llc has 18,744 shares for 0% of their US portfolio. Enterprise Fincl Services Corporation has 612 shares for 0.01% of their US portfolio. Utd Ser Automobile Association holds 123,800 shares or 0.01% of its portfolio. Bartlett And Ltd Liability reported 1,522 shares or 0% of all its holdings. Mutual Of America Cap Mgmt Ltd Liability Corporation holds 0.19% of its portfolio in Duke Realty Corp (NYSE:DRE) for 343,135 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 1 insider sale for $1.83 million net activity. The insider OKLAK DENNIS D sold $1.83 million.
Duke Realty Corporation is a self-administered and self-managed real estate investment trust . The company has a market cap of $8.85 billion. The Firm operates in four divisions: industrial, medical office, office real estate investments and service operations. It has a 31.51 P/E ratio. The Service activities segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures.
According to Zacks Investment Research, “Duke Realty Corporation is the largest publicly traded office and industrial real estate company in the United States and a member of the Forbes Super 500. They offer a complete range of real estate products and services.”
Duke Realty Corporation, incorporated on March 12, 1992, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates in four divisions: industrial, medical office, office real estate investments and service operations. The Service activities segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures. The Firm conducts its Service Operations through Duke Realty Services, LLC, Duke Realty Services Limited Partnership and Duke Construction Limited Partnership (DCLP).
More news for Duke Realty Corp (NYSE:DRE) were recently published by: Etfdailynews.com, which released: “Time To Buy These Three REITs” on November 27, 2016. Bizjournals.com‘s article titled: “Duke Realty starts work on sixth warehouse at former GM site” and published on November 01, 2016 is yet another important article.
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By Darrin Black