Duke Realty Corp. (NYSE:DRE) saw an uptick in trading volume on Monday . 2,267,608 shares were traded during 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 research firms recently weighed in on DRE. Zacks Investment Research upgraded Duke Realty Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Citigroup Inc. upped their price objective on Duke Realty Corp. from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Barclays PLC upped their price objective on Duke Realty Corp. from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Duke Realty Corp. in a research report on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.57.

The stock has a 50-day moving average price of $25.68 and a 200-day moving average price of $22.50. The stock has a market cap of $9.48 billion and a price-to-earnings ratio of 16.04.

Duke Realty Corp. (NYSE:DRE) last issued its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. The firm earned $224.90 million during the quarter, compared to analyst estimates of $199.59 million. The business’s revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, analysts forecast that Duke Realty Corp. will post $1.19 earnings per share for the current fiscal year.

In related news, Director Charles R. Eitel sold 3,575 shares of Duke Realty Corp. stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of $25.94, for a total transaction of $92,735.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Dennis D. Oklak sold 75,000 shares of Duke Realty Corp. stock in a transaction that occurred 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 transaction, the chairman now owns 305,444 shares in the company, valued at approximately $7,455,888.04. The disclosure for this sale can be found here.

Other institutional investors recently made changes to their positions in the company. Alpine Woods Capital Investors LLC increased its position in shares of Duke Realty Corp. by 229.4% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 56,000 shares of the real estate investment trust’s stock worth $1,177,000 after buying an additional 39,000 shares during the last quarter. Quantitative Investment Management LLC bought a new position in shares of Duke Realty Corp. during the fourth quarter worth approximately $1,301,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 during the last quarter. Finally, First Trust Advisors LP increased 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 during 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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