Shares of Duke Realty Corp (NYSE:DRE) have received an average recommendation of “Hold” from the thirteen brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $29.75.

A number of brokerages have issued reports on DRE. BMO Capital Markets set a $29.00 target price on Duke Realty and gave the stock a “hold” rating in a report on Wednesday, July 25th. Morgan Stanley raised their target price on Duke Realty from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, June 14th. Zacks Investment Research upgraded Duke Realty from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Monday, July 2nd. SunTrust Banks set a $28.00 target price on Duke Realty and gave the stock a “hold” rating in a report on Tuesday, August 7th. Finally, Citigroup raised their target price on Duke Realty from $30.50 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd.

In other news, insider Steven W. Schnur sold 2,600 shares of Duke Realty stock in a transaction dated Thursday, June 28th. The stock was sold at an average price of $28.89, for a total transaction of $75,114.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Cleararc Capital Inc. lifted its holdings in shares of Duke Realty by 1,414.0% during the 2nd quarter. Cleararc Capital Inc. now owns 138,438 shares of the real estate investment trust’s stock valued at $4,019,000 after purchasing an additional 129,294 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Duke Realty during the 2nd quarter valued at about $754,000. Jane Street Group LLC bought a new position in shares of Duke Realty during the 2nd quarter valued at about $1,374,000. California Public Employees Retirement System lifted its holdings in shares of Duke Realty by 7.6% during the 2nd quarter. California Public Employees Retirement System now owns 886,289 shares of the real estate investment trust’s stock valued at $25,729,000 after purchasing an additional 62,624 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Duke Realty during the 2nd quarter valued at about $304,000. Institutional investors and hedge funds own 93.53% of the company’s stock.

DRE traded down $0.11 during midday trading on Friday, reaching $28.74. 1,938,493 shares of the company were exchanged, compared to its average volume of 2,665,066. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.51. Duke Realty has a one year low of $24.30 and a one year high of $29.83. The stock has a market cap of $10.26 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 4.32 and a beta of 0.58.

Duke Realty (NYSE:DRE) last issued its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.33. Duke Realty had a return on equity of 7.87% and a net margin of 72.53%. The firm had revenue of $192.09 million for the quarter, compared to analysts’ expectations of $195.04 million. During the same quarter last year, the business earned $0.32 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. equities analysts forecast that Duke Realty will post 1.33 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Thursday, August 16th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Wednesday, August 15th. Duke Realty’s dividend payout ratio (DPR) is presently 64.52%.

Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 150 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index.

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Analyst Recommendations for Duke Realty (NYSE:DRE)

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