Duke Realty (NYSE:DRE) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 price target on shares of Duke Realty in a research note on Wednesday, January 30th. Barclays reiterated a “hold” rating and issued a $28.00 price target on shares of Duke Realty in a research note on Thursday, February 14th. Zacks Investment Research lowered Duke Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Goldman Sachs Group initiated coverage on Duke Realty in a research note on Wednesday. They issued a “buy” rating for the company. Finally, BTIG Research increased their price target on Duke Realty from $73.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $36.11.

Shares of DRE stock opened at $30.56 on Thursday. Duke Realty has a 52-week low of $24.67 and a 52-week high of $31.69. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 4.55 and a beta of 0.75.

Duke Realty (NYSE:DRE) last issued its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Duke Realty had a return on equity of 7.37% and a net margin of 36.32%. The business had revenue of $209.97 million during the quarter, compared to analyst estimates of $205.45 million. During the same quarter in the prior year, the business posted $0.30 EPS. Duke Realty’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts expect that Duke Realty will post 1.41 EPS for the current year.

In other news, Director Charles R. Eitel sold 5,075 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $29.89, for a total transaction of $151,691.75. Following the completion of the transaction, the director now owns 4,169 shares in the company, valued at $124,611.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ann C. Dee sold 18,334 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $29.77, for a total value of $545,803.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,409 shares of company stock valued at $1,150,145. Company insiders own 0.29% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Duke Realty by 7.3% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,813 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 534 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Duke Realty during the first quarter valued at about $312,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Duke Realty during the first quarter valued at about $31,000. Goldman Sachs Group Inc. grew its position in Duke Realty by 5.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,360,023 shares of the real estate investment trust’s stock worth $194,490,000 after acquiring an additional 330,258 shares in the last quarter. Finally, Oxford Asset Management LLP grew its position in Duke Realty by 43.7% in the first quarter. Oxford Asset Management LLP now owns 31,711 shares of the real estate investment trust’s stock worth $970,000 after acquiring an additional 9,639 shares in the last quarter. Hedge funds and other institutional investors own 94.55% of the company’s stock.

Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 153 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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The Fly

Analyst Recommendations for Duke Realty (NYSE:DRE)

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