Duke Realty Corp (NYSE:DRE) – Investment analysts at DA Davidson decreased their Q3 2018 earnings per share estimates for shares of Duke Realty in a research report issued on Thursday. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.33. DA Davidson has a “Neutral” rating on the stock.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Duke Realty from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Royal Bank of Canada downgraded Duke Realty from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $29.00 to $31.00 in a report on Wednesday, January 3rd. Morgan Stanley restated an “overweight” rating and set a $31.00 target price on shares of Duke Realty in a research note on Thursday, December 14th. JPMorgan Chase & Co. downgraded Duke Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price target for the company. in a research note on Friday, December 15th. Finally, BMO Capital Markets set a $30.00 price target on Duke Realty and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.10.

Shares of Duke Realty (DRE) traded up $0.13 during trading hours on Monday, reaching $25.65. The company’s stock had a trading volume of 335,869 shares, compared to its average volume of 2,734,033. The firm has a market cap of $9,120.77, a PE ratio of 5.60, a PEG ratio of 4.62 and a beta of 0.77. The company has a current ratio of 4.43, a quick ratio of 3.23 and a debt-to-equity ratio of 0.53. Duke Realty has a 52-week low of $24.73 and a 52-week high of $30.14.

A number of large investors have recently made changes to their positions in DRE. Advisor Group Inc. raised its holdings in Duke Realty by 0.3% during the second quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 12 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Duke Realty during the 2nd quarter worth $15,043,000. OxFORD Asset Management LLP lifted its position in Duke Realty by 23.5% during the 2nd quarter. OxFORD Asset Management LLP now owns 70,600 shares of the real estate investment trust’s stock worth $1,973,000 after acquiring an additional 13,457 shares during the last quarter. Royal Bank of Canada lifted its position in Duke Realty by 25.7% during the 2nd quarter. Royal Bank of Canada now owns 33,874 shares of the real estate investment trust’s stock worth $946,000 after acquiring an additional 6,926 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its position in Duke Realty by 62.2% during the 2nd quarter. Flinton Capital Management LLC now owns 32,284 shares of the real estate investment trust’s stock worth $902,000 after acquiring an additional 12,376 shares during the last quarter. 94.15% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.12%. Duke Realty’s dividend payout ratio (DPR) is presently 17.54%.

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Duke Realty Company Profile

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.

Earnings History and Estimates for Duke Realty (NYSE:DRE)

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