Noteworthy Rating Filing: Is Baird Very Positive For Duke Realty (NYSE:DRE) After Its Upgrade?

November 28, 2016 - By Louis Casey

Noteworthy Rating Filing:  Is Baird Very Positive For Duke Realty (NYSE:DRE) After Its Upgrade?

Duke Realty (NYSE:DRE) Upgrade

Duke Realty (NYSE:DRE) was raised by expert analysts at Baird from a “Neutral” rating to “Outperform” rating in a a note sent to clients and investors on 28 November.

Duke Realty Corp (NYSE:DRE) Ratings Coverage

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 -2.68% below today’s ($25.39) stock price. Duke Realty has been the topic of 16 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Duke Realty Corp (NYSE:DRE) has “Equalweight” rating given on Tuesday, July 19 by Barclays Capital. The company was initiated on Monday, December 14 by Goldman Sachs. The company was initiated on Wednesday, September 28 by Mizuho. The rating was initiated by BB&T Capital with “Hold” on Thursday, November 12. On Friday, October 28 the stock rating was maintained by Mizuho with “Neutral”. Miller Tabak upgraded Duke Realty Corp (NYSE:DRE) on Wednesday, September 9 to “Hold” rating. The firm has “Equalweight” rating given on Thursday, February 4 by Barclays Capital. BTIG Research initiated the shares of DRE in a report on Thursday, August 25 with “Neutral” rating. Miller Tabak downgraded Duke Realty Corp (NYSE:DRE) on Monday, November 9 to “Sell” rating. Robert W. Baird downgraded the stock to “Outperform” rating in Tuesday, August 11 report.

About 2.03M shares traded hands. 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 EPS, up 6.90% or $0.02 from last year’s $0.29 per share. DRE’s profit will be $109.89M for 20.48 P/E if the $0.31 EPS becomes a reality. After $0.31 actual EPS 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 is negative, 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.

Blackrock Institutional Na has 15.03 million shares for 0.07% of their US portfolio. Alliancebernstein Lp reported 506,056 shares or 0.01% of all its holdings. Wright Invsts Service, a Connecticut-based fund reported 16,720 shares. Wells Fargo Commerce Mn accumulated 268,750 shares or 0% of the stock. Moreover, Commerzbank Aktiengesellschaft Fi has 0% invested in Duke Realty Corp (NYSE:DRE) for 10,183 shares. Hightower Limited Liability holds 0.01% of its portfolio in Duke Realty Corp (NYSE:DRE) for 21,877 shares. Moreover, Fjarde Ap has 0.07% invested in Duke Realty Corp (NYSE:DRE) for 108,048 shares. Capital Guardian Tru last reported 0.01% of its portfolio in the stock. Teachers Ins Annuity Association Of America last reported 0.44% of its portfolio in the stock. Walleye Trading Lc last reported 855 shares in the company. Commonwealth Of Pennsylvania School Empls Retrmt holds 0.03% or 66,585 shares in its portfolio. Alpine Woods Cap Ltd Company, a New York-based fund reported 45,196 shares. Capstone Asset, a Texas-based fund reported 29,796 shares. Advsr Asset Management Incorporated accumulated 0.01% or 24,303 shares. Texas Permanent School Fund holds 264,517 shares or 0.09% of its portfolio.

Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 1 sale for $1.83 million net activity. Shares for $1.83 million were sold by OKLAK DENNIS D on Wednesday, June 8.

Duke Realty Corporation is a self-administered and self-managed real estate investment trust . The company has a market cap of $9.00 billion. The Firm operates in four divisions: industrial, medical office, office real estate investments and service operations. It has a 32.03 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.”

DRE Company Profile

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 recent Duke Realty Corp (NYSE:DRE) news were published by: Nasdaq.com which released: “Duke Realty and Baylor Scott & White Health Open New MOB” on November 25, 2016. Also Etfdailynews.com published the news titled: “Time To Buy These Three REITs” on November 27, 2016. Bizjournals.com‘s news article titled: “Duke Realty starts work on sixth warehouse at former GM site” with publication date: November 01, 2016 was also an interesting one.

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