Rating Coverage: Duke Realty (NYSE:DRE)’s Is Reaching An Inflection Point; Robert W. Baird Upgrades It

November 28, 2016 - By Darrin Black

Rating Coverage:  Duke Realty (NYSE:DRE)'s Is Reaching An Inflection Point; Robert W. Baird Upgrades It

Duke Realty (NYSE:DRE) Upgrade

In a a note sent to investors on Monday, 28 November, Robert W. Baird has raised Duke Realty (NYSE:DRE) stock to a Outperform and has set one year target price at $30.00. DRE’s old rating was Neutral.

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 -2.52% below today’s ($25.35) stock price. Duke Realty has been the topic of 16 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, September 28 by Mizuho. BB&T Capital initiated the stock with “Hold” rating in Thursday, November 12 report. The stock of Duke Realty Corp (NYSE:DRE) has “Outperform” rating given on Tuesday, November 22 by RBC Capital Markets. The stock of Duke Realty Corp (NYSE:DRE) earned “Outperform” rating by Robert W. Baird on Tuesday, August 11. On Wednesday, September 9 the stock rating was upgraded by Miller Tabak to “Hold”. Barclays Capital maintained the shares of DRE in a report on Tuesday, July 19 with “Equalweight” rating. As per Thursday, August 25, the company rating was initiated by BTIG Research. The rating was maintained by Mizuho with “Neutral” on Friday, October 28. UBS upgraded Duke Realty Corp (NYSE:DRE) on Wednesday, August 19 to “Buy” rating. On Monday, December 14 the stock rating was initiated by Goldman Sachs with “Buy”.

About 2.65 million 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 $109.81 million for 20.44 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 Q2 2016. 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.

Virginia Retirement Et Al accumulated 180,870 shares or 0.07% of the stock. Bnp Paribas Investment Prns Sa has invested 0.21% of its portfolio in Duke Realty Corp (NYSE:DRE). Tortoise Inv Ltd Liability Co holds 0.01% or 1,200 shares in its portfolio. Amica Retiree Medical Tru last reported 3,274 shares in the company. Texas Permanent School Fund holds 0.09% of its portfolio in Duke Realty Corp (NYSE:DRE) for 264,517 shares. Profund Advisors Ltd Limited Liability Company accumulated 0.09% or 71,256 shares. Glob Endowment Mgmt Lp holds 0.08% or 14,700 shares in its portfolio. New York State Teachers Retirement System owns 528,622 shares or 0.04% of their US portfolio. The Iowa-based Iowa Bankshares has invested 0% in Duke Realty Corp (NYSE:DRE). Mycio Wealth Prtnrs Ltd has invested 0% of its portfolio in Duke Realty Corp (NYSE:DRE). Blackrock Inc accumulated 0.06% or 1.49M shares. Cibc Asset last reported 21,290 shares in the company. Vanguard Grp Incorporated holds 0.09% of its portfolio in Duke Realty Corp (NYSE:DRE) for 52.63M shares. Blackrock Fund has 0.08% invested in the company for 14.13M shares. Parsons Inc Ri accumulated 32,510 shares or 0.1% of the stock.

Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 1 insider sale for $1.83 million net activity. $1.83M worth of Duke Realty Corp (NYSE:DRE) was 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 $8.98 billion. The Firm operates in four divisions: industrial, medical office, office real estate investments and service operations. It has a 31.97 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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