November 28, 2016 - By Dolores Ford
Duke Realty (NYSE:DRE)‘s “Neutral” rating is no longer valid. The firm rating was boosted by investment analysts at Robert W. Baird to a “Outperform”. They have a target of $30.0 on DRE.
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. RBC Capital Markets maintained the shares of DRE in a report on Tuesday, November 22 with “Outperform” rating. Goldman Sachs initiated the stock with “Buy” rating in Monday, December 14 report. The firm has “Hold” rating by BB&T Capital given on Thursday, November 12. Miller Tabak downgraded the stock to “Sell” rating in Monday, November 9 report. UBS upgraded the stock to “Buy” rating in Wednesday, August 19 report. The firm earned “Equalweight” rating on Tuesday, July 19 by Barclays Capital. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Neutral”. The company was maintained on Thursday, February 4 by Barclays Capital. The stock has “Outperform” rating given by Robert W. Baird on Tuesday, August 11. On Wednesday, September 9 the stock rating was upgraded by Miller Tabak to “Hold”.
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 EPS, up 6.90% or $0.02 from last year’s $0.29 per share. DRE’s profit will be $109.83 million for 20.15 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 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.
Tiaa Cref Invest Mgmt Lc owns 986,985 shares or 0.02% of their US portfolio. Chilton Capital Mngmt Ltd Limited Liability Company holds 0.96% or 371,495 shares in its portfolio. Profund Ltd Co last reported 0.09% of its portfolio in the stock. Federated Invsts Pa last reported 0.06% of its portfolio in the stock. United Automobile Association owns 123,800 shares or 0.01% of their US portfolio. Proshare Advsr Ltd Liability Company accumulated 118,468 shares or 0.04% of the stock. Round Table Svcs Ltd Liability Com, a New Jersey-based fund reported 30,271 shares. Moreover, Td Asset has 0% invested in Duke Realty Corp (NYSE:DRE) for 22,372 shares. Macquarie Grp Ltd, a Australia-based fund reported 1.78M shares. Hsbc Hldg Public Ltd Company last reported 210,167 shares in the company. Retirement Of Alabama last reported 0.07% of its portfolio in the stock. Strs Ohio holds 0.1% of its portfolio in Duke Realty Corp (NYSE:DRE) for 874,224 shares. Parametric Assoc Llc owns 595,650 shares or 0.03% of their US portfolio. The United Kingdom-based Pictet Asset Management Ltd has invested 0.01% in Duke Realty Corp (NYSE:DRE). Bnp Paribas Arbitrage Sa holds 203,117 shares or 0.02% of its portfolio.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 1 sale for $1.83 million net activity. OKLAK DENNIS D sold $1.83M worth of stock.
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 Dolores Ford