Zacks Investment Research lowered Duke Realty from a "hold" rating to a "sell" rating in a research report on Monday.
The stock has Return on Assets (ROA) of 21 percent. However, such large-scale asset dispositions are expected to have a dilutive effect on earnings in the near term.
A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $31.00 price target (up from $29.00) on shares of Duke Realty in a research report on Wednesday, January 3rd. Finally, Citigroup raised Duke Realty from a "neutral" rating to a "buy" rating and set a $32.00 price objective on the stock in a report on Thursday, December 14th. The firm has "Overweight" rating by Morgan Stanley given on Thursday, December 14. Robert W. Baird upgraded Duke Realty Corporation from a neutral rating to an outperform rating and set a $30.00 price objective for the company in a report on Monday, November 28th. Robert W. Baird cut their price target on shares of Duke Realty from $32.00 to $31.00 and set an "outperform" rating on the stock in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Duke Realty Corporation presently has a consensus rating of Buy and an average target price of $27.83.
Shares of Duke Realty Corp (NYSE DRE) traded up $0.08 during midday trading on Friday, hitting $25.71. 1,803,500 shares of the company's stock were exchanged, compared to its average volume of 2,090,413. The average of this ratio is 3.52 for the industry and sector's best figure appears 0.41. The firm has a market cap of $9,210.00, a P/E ratio of 34.64, a PEG ratio of 4.80 and a beta of 0.90. Duke Realty has a 1 year low of $23.93 and a 1 year high of $30.14.
Duke Realty (NYSE:DRE) last posted its quarterly earnings data on Wednesday, October 25th. The company beat the analyst EPS Estimate with the difference of $0.06. The company earned $204.26 million during the quarter, compared to analysts' expectations of $205.04 million. Return on Equity (ROE) stands at 36.7% and Return on Investment (ROI) of 6.9 percent. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Bartlett & Limited Liability Company has 0% invested in Duke Realty Corporation (NYSE:DRE) for 522 shares. Stockholders of record on Friday, December 1st were issued a $0.85 dividend. New York State Common Retirement Fund stated it has 0.03% of its portfolio in Duke Realty Corporation (NYSE:DRE). The ex-dividend date of this dividend is Tuesday, February 14th. This represents a dividend yield of 2.74%. Quantbot Tech LP has invested 0.11% in Duke Realty Corporation (NYSE:DRE). The institutional investor held 251,609 shares of the consumer services company at the end of 2017Q3, valued at $20.11M, up from 51,092 at the end of the previous reported quarter. BlackRock Inc. raised its holdings in shares of Duke Realty by 8.6% in the 2nd quarter. Currently, the stock has a 1 Year Price Target of $29.46. Duke Realty Corporation (NYSE:DRE) has risen 24.81% since January 12, 2017 and is uptrending. The firm owned 62,678,286 shares of the company's stock after buying an additional 5,489,754 shares during the period.
Envestnet Asset Management Inc. decreased its position in Duke Realty Corp (NYSE:DRE) by 29.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust's stock worth $122,000 after acquiring an additional 488 shares during the last quarter. Finally, Cipher Capital LP bought a new position in shares of Duke Realty in the second quarter worth approximately $778,000. Duff & Phelps Investment Management Co. now owns 2,732,853 shares of the real estate investment trust's stock worth $78,761,000 after purchasing an additional 835,750 shares during the period. Zeke Capital Advisors LLC acquired a new stake in Duke Realty during the third quarter worth $211,000. BB&T Securities LLC now owns 7,828 shares of the real estate investment trust's stock worth $218,000 after purchasing an additional 125 shares during the last quarter.
WARNING: This article was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and global trademark and copyright laws. Duke Realty Corporation (NYSE:DRE) has risen 24.81% since January 11, 2017 and is uptrending.