Duke Realty Corp. (NYSE:DRE) saw strong trading volume on Monday . 2,267,608 shares changed hands during mid-day trading, a decline of 21% from the previous session’s volume of 2,862,418 shares.The stock last traded at $27.24 and had previously closed at $27.23.

Several equities analysts recently commented on DRE shares. Zacks Investment Research upgraded Duke Realty Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Citigroup Inc. boosted their target price on Duke Realty Corp. from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating on shares of Duke Realty Corp. in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Duke Realty Corp. currently has an average rating of “Hold” and a consensus price target of $23.00.

The stock has a market capitalization of $9.47 billion and a PE ratio of 16.02. The stock has a 50 day moving average of $25.63 and a 200 day moving average of $22.47.

Duke Realty Corp. (NYSE:DRE) last released its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $224.90 million for the quarter, compared to the consensus estimate of $199.59 million. Duke Realty Corp.’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. On average, equities research analysts forecast that Duke Realty Corp. will post $1.19 EPS for the current year.

In related news, Director Charles R. Eitel sold 3,575 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $25.94, for a total value of $92,735.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Dennis D. Oklak sold 75,000 shares of the firm’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $24.41, for a total value of $1,830,750.00. Following the completion of the transaction, the chairman now directly owns 305,444 shares in the company, valued at $7,455,888.04. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in DRE. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Duke Realty Corp. by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 100,102 shares of the real estate investment trust’s stock worth $2,104,000 after buying an additional 431 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Duke Realty Corp. by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 281,733 shares of the real estate investment trust’s stock worth $5,922,000 after buying an additional 965 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Duke Realty Corp. by 4.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 89,383 shares of the real estate investment trust’s stock worth $1,879,000 after buying an additional 4,096 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Duke Realty Corp. by 0.9% in the fourth quarter. Rhumbline Advisers now owns 514,593 shares of the real estate investment trust’s stock worth $10,817,000 after buying an additional 4,368 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Duke Realty Corp. by 6.3% in the fourth quarter. First Trust Advisors LP now owns 134,177 shares of the real estate investment trust’s stock worth $2,820,000 after buying an additional 7,919 shares in the last quarter.

Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial, medical office, office real estate investments and service operations. The Service operations 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.

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