Duke Realty Corp (NYSE:DRE) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $38.00 and last traded at $37.90, with a volume of 1059202 shares trading hands. The stock had previously closed at $37.86.
Several analysts have issued reports on DRE shares. BTIG Research cut Duke Realty from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. BMO Capital Markets cut Duke Realty from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $35.00 to $36.00 in a research note on Tuesday, January 7th. Finally, Morgan Stanley upped their price objective on Duke Realty from $31.50 to $33.50 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $39.92.
The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $35.76 and a two-hundred day moving average price of $34.40. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 5.48 and a beta of 0.72.
Duke Realty (NYSE:DRE) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. The business had revenue of $217.40 million for the quarter, compared to analysts’ expectations of $216.62 million. Duke Realty had a return on equity of 8.80% and a net margin of 44.05%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. On average, equities research analysts predict that Duke Realty Corp will post 1.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Thursday, February 13th. Duke Realty’s payout ratio is 65.28%.
In other news, CEO James B. Connor sold 28,600 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $35.08, for a total transaction of $1,003,288.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. CSat Investment Advisory L.P. grew its holdings in Duke Realty by 21.7% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,608 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 287 shares in the last quarter. Advisor Partners LLC grew its holdings in Duke Realty by 3.5% in the 4th quarter. Advisor Partners LLC now owns 9,223 shares of the real estate investment trust’s stock worth $324,000 after buying an additional 312 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Duke Realty by 6.3% in the 4th quarter. Quadrant Capital Group LLC now owns 6,104 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 363 shares in the last quarter. Level Four Advisory Services LLC grew its holdings in Duke Realty by 3.0% in the 4th quarter. Level Four Advisory Services LLC now owns 13,430 shares of the real estate investment trust’s stock worth $465,000 after buying an additional 385 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd grew its holdings in Duke Realty by 0.3% in the 4th quarter. Dai Ichi Life Insurance Company Ltd now owns 141,738 shares of the real estate investment trust’s stock worth $4,914,000 after buying an additional 396 shares in the last quarter. Institutional investors and hedge funds own 88.97% of the company’s stock.
About Duke Realty (NYSE:DRE)
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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