Duke Realty Corporation (DRE) Receiving Somewhat Positive Press Coverage, Analysis Shows
Media headlines about Duke Realty Corporation (NYSE:DRE) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Duke Realty Corporation earned a news impact score of 0.22 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.2421323810795 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts have commented on DRE shares. Stifel Nicolaus reiterated a “buy” rating and set a $31.00 price objective on shares of Duke Realty Corporation in a research note on Thursday. BidaskClub upgraded Duke Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $30.00 price objective on shares of Duke Realty Corporation in a research note on Wednesday, June 7th. Barclays PLC cut their price objective on Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Finally, BMO Capital Markets started coverage on Duke Realty Corporation in a research note on Monday, September 11th. They set a “market perform” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Duke Realty Corporation currently has a consensus rating of “Hold” and an average target price of $28.91.
Shares of Duke Realty Corporation (DRE) opened at 29.11 on Friday. The stock has a 50 day moving average price of $29.16 and a 200-day moving average price of $28.00. Duke Realty Corporation has a 52-week low of $22.97 and a 52-week high of $30.14. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 7.17 and a beta of 0.93.
Duke Realty Corporation (NYSE:DRE) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. The business had revenue of $165.84 million during the quarter, compared to analysts’ expectations of $185.25 million. During the same period last year, the company posted $0.30 EPS. On average, equities research analysts predict that Duke Realty Corporation will post $3.71 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 16th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, August 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.61%. Duke Realty Corporation’s dividend payout ratio (DPR) is 18.86%.
In other news, EVP Peter D. Harrington sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total transaction of $866,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.26% of the company’s stock.
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About Duke Realty Corporation
Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments.
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